Behind Verizon’s Push for a Lightweight Structure
Verizon (VZ) is also in the process of transferring thousands of its employees to India-based outsourcing company Infosys (INFY). The transfer is part of a $700 million outsourcing deal that Verizon signed recently with the Indian company. Put together, the early retirement program and the transfer to Infosys could see Verizon cut its global workforce at the end of June 2019 by about a third, potentially opening an opportunity for the company to save millions of dollars in payroll expenses.