Staff Cuts Reveal Verizon's Urgent Needs [Forbes]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Forbes
A suburban Verizon store Getty Verizon, the largest mobile carrier in the country, just announced that it will shed some 10,400 jobs by the middle of 2019. Management expects that the staff reductions, as well as the adjustments that go with them, will ultimately save the firm $10 billion. Such cutbacks, especially amid an otherwise strong jobs market, speak to a fundamental upheaval at Verizon and in the rest of the communications industry, one brought by new technologies and a growing momentum in consumer and business demands. The pattern is clearly one that the economist Joseph Schumpeter would place under the heading “creative destruction.” It will continue, not just for Verizon but for other firms in the industry as well. This changing communications environment has even begun to upend policy debate in Washington on net neutrality. About 8,000 of those leaving Verizon chose to do so in response to a voluntary buyout deal. Last September, management se
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website