The AP is reporting that Verizon will cut over 8,000 employees if the face of plummeting revenues and profitability. According to the report, the cuts will come from the traditional wire-based portion of the business, and not the wireless side, and will be in effect nationwide. This comes on top of 8,000 cuts earlier this year, for a total workforce reduction of just under 7%. This is the largest announced mass layoff from a Fortune 500 company since May
