Verizon officially announces a major staff cut and store changes

TL;DR

• Verizon has confirmed it will cut over 13,000 jobs and convert 179 corporate-owned stores into franchise locations.
•  The company says the restructuring is meant to reset and realign priorities, backed by a $20 million transition fund for affected employees.
• These cuts follow roughly 20,000 prior job losses over three years and represent one of the largest single reductions in Verizon’s history.