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The Independent UK

National

Independent Staff

Verizon laying off more than 13,000 employees as it begins restructuring

Verizon Dan Schulman

Telecommunications giant Verizon is implementing a significant restructuring, announcing the layoff of over 13,000 employees as it seeks to "reorient" its entire company.

Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations and close one store.

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