Verizon posts 4th Quarter Loss

photo credit: Verizon Kiosk

Verizon had 13,000 lay offs last year and is expected to do the same this year. With their land line business shrinking and stiff competition in the wireless market, Verizon faces a tough road ahead. The economy hasn’t helped, but Verizon CEO Ivan Seidenberg feels 2011 will be the turn around year. Most of these lay offs are in their land line side of the business, but some lay offs should be expected in the wireless side as well. Read the rest of this entry »