Verizon Communications will cut more jobs to offset its shrinking home-phone business and the weak economy, chief financial officer John Killian told an investor conference in California today.
The cuts are in addition to the 8,000 layoffs Verizon announced for the second half of this year, Bloomberg News reported.
The company employs about 5,100 in North Carolina, mostly in Cary, Durham and Research Triangle Park. It's unclear how many local jobs have been cut this year.
The new layoffs would happen over the next few years, Killian said.
Verizon is trying to bolster its finances by focusing on its wireless business and the FiOS Internet and TV service.