Verizon Lays Off 44,000, Transfers 2,500 More IT Jobs To Indian Outsourcer Infosys

Wasn’t Trump supposed to bring jobs back to America? It looks like the opposite is happening:

Earlier this week, Verizon confirmed that it offered a voluntary severance package (VSP) to about 44,000 employees and that it will transfer over 2,500 IT staff – some rumors suggest the figure to be closer to 5,000 employees – to India-based Infosys as part of a $700 million outsourcing deal.

The layoffs and transfers will impact more than 30% of Verizon’s 153,100-employee workforce – as of the end of June – and are part of a 4-year plan to save the largest U.S. wireless carrier $10 billion by 2021.

Related: “Surveys Find Outsourcing Continues to Grow under Trump Administration”

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