Verizon has already cut 8,000 jobs in the last twelve months, and during the company's second quarter earnings conference call
announced they'd be laying off another 8,000 employees during the second half of this year. But that's just the beginning according to Verizon CFO John Killian, who told attendees at an investor conference this week that the company needs to lay off even more workers
, and at an "accelerated pace." While some of the layoffs are because of the housing market and Verizon's slowly dying residential phone business, the company is also making a very intentional move away from rural connectivity
so they can focus on more immediately profitable urban and suburban FiOS and wireless delivery. While investors welcome the news, the employees themselves are somewhat annoyed
that Verizon's canning employees while posting record profits.