Verizon Lays Off Circuit City Employees
Verizon Wireless has announced layoffs of many employees who worked at Verizon stores in Circuit City stores.
According to the Web site Fierce Telecom, a Verizon spokesman has confirmed that 45 percent of the in-store employees have been let go, with the rest remaining with the company. Verizon has agreed to provide "severance and outplacement" services to affected employees.
The spokesman also told the site that the layoffs are "solely related to the Circuit City store closings."