Comment on Verizon to give buyouts to 10,400

Verizon Communications said 10,400 employees, or about 6.8 percent of its total staff, were accepted for voluntary buyouts as the company seeks to trim $10 billion from costs and retool for 5G wireless technology.The exit packages were available to as many as 44,000 Verizon employees, according to the statement. The buyout is the company’s second-largest, after a 2003 offer in which 21,600 employees accepted severance packages.“For those who were accepted, the coming weeks and months will be a transition,” CEO Hans Vestberg wrote in a letter to employees.