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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (6425)1/29/2004 11:24:42 AM
From: ild  Read Replies (1) of 110194
 
Pretty ruthless cutting. Over 20K in just one quarter

The New York telecommunications company Thursday reported a loss of $1.46 billion, or 53 cents a share, which included items totaling $3.1 billion. In addition to the costs for the separation plan, under which 21,260 employees left the payroll, Verizon recorded $215 million in other special charges and a $44 million gain on the sale of investments. Excluding these charges, Verizon earned $1.6 billion in the quarter.

online.wsj.com
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