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Verizon posts 4Q loss on layoff costs; results dragged down by $3B in layoff-related costs

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Verizon posts 4Q loss on layoff costs; results dragged down by $3B in layoff-related costs Posted: Jan 26, 2010 6:40 AM
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Original Post: Verizon posts 4Q loss on layoff costs; results dragged down by $3B in layoff-related costs
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more images more images more images Verizon posts 4Q loss on $3B in layoff costs NEW YORK — Verizon Communications Inc. on Tuesday posted an unusual loss for the fourth quarter, as a charge for layoffs in its shrinking landline business caught up with the growing, and profitable, wireless business. The nation's second-biggest phone company lost $653 million, or 23 ... Read more >>>.

Read: Verizon posts 4Q loss on layoff costs; results dragged down by $3B in layoff-related costs

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