Verizon is laying off a bunch of employees.
America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs.
Sometimes that just happens in the course of running a company. But here’s the kicker.
Verizon paid chief executive Lowell C. McAdam more than $22.5 million in 2011, according to a Wall Street Journal analysis of executive compensation. The company has paid its top five executives more than $350 million in the last five years, according to the Communications Workers of America, the union that deals most directly with Verizon.
I have Verizon. I like their service. It’s a real shame I’m going to have to switch carriers. I won’t support people who display a disregard for the people who work for them in order to make themselves even more obscenely wealthy.