Verizon to eliminate almost 5,000 employees in nearly $2 billion cost-cutting move

Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees accepted a buyout offer. Verizon, which announced the voluntary separation program for select U.S.-based management employees in June, on Thursday said half of those taking the buyout will leave this month...