Verizon Communication, Inc. (VZ) recently disclosed that it is set to incur a severance charge between $1.7 billion and$1.9 billion in the third quarter of 2024. In a bid to trim operating costs, the telecom giant announced a voluntary separation program in June for management staff based in the United States. Per the program, about 4,800 employees are expected to depart by the end of March, 2025 and over half of these workers are set to leave by the end of September 2024. The company is also planning to d ...