Verizon to sell 274 stores and cut 500 corporate jobs

TL;DR: Verizon is reportedly selling 274 corporate-owned retail stores and laying off about 500 corporate employees, according to Light Reading. The reported changes would affect about 3,000 retail and corporate employees in total and follow Verizon's elimination of 13,000 jobs last year.

Verizon is reportedly selling 274 corporate-owned retail stores and laying off about 500 corporate employees, according to a Light Reading report. The report says the moves will affect about 3,000 retail and corporate employees.

Light Reading reported that the store sale involves Verizon corporate-owned locations. The report did not specify the buyer, the countries involved, or the timing for the store transfers in the information provided here.

The reported cuts follow Verizon's elimination of 13,000 jobs last year. Based on the information provided, the latest reported actions cover both retail operations and corporate staff.

Related questions

• How many Verizon stores are reportedly being sold?
• How many corporate employees is Verizon reportedly laying off?
• How many employees could be affected by the reported changes?
• How many jobs did Verizon eliminate last year?