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Are Verizon’s Cost-Cutting Initiatives Reaping Rewards?

Are Verizon’s Cost-Cutting Initiatives Reaping Rewards?

Verizon (VZ), the largest wireless service provider in the United States, is undertaking various cost-cutting efforts. Recently, the telecommunications company rolled out an initiative that seeks to encourage thousands of its employees to take early retirement. Verizon reported that its zero-based budgeting had realized $0.5 billion in cumulative cash savings in the first half of 2018.