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'Restructuring...streamlining' - Layoff warning! 6000 employees of a US firm receive THIS message - Know 'pink slip' reason

Layoffs 2023: More than 6,000 of US telecom carrier Verizon's employees have received pre-recorded messages from the firm about "significant" upcoming layoffs as part of "restructuring" and "streamlining" measures. According to The Verge, Verizon told employees that they would be eligible for a severance offer (two weeks per year of tenure). In some cases, workers would also be able to apply for other roles in the company, IANS reports., Companies News, Times Now ....

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Billionaire BT stalker Patrick Drahi increases stake to 24.5%

French telecoms billionaire Patrick Drahi has upped his ownership of the UK s BT Group to nearly a quarter yet he still insists he does not intend to make an… ....

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Altice UK makes surprise move to 24.5% stake in BT

Altice UK makes surprise move to 24.5% stake in BT
theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.

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Bulgaria's Telelink Infra Services gets 8 mln euro boost from BlackPeak Capital

Bulgarian private equity firm BlackPeak Capital said it invested 8 million euro ($7.9 million) in local telecommunications and other infrastructure service ....

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Rob Shuter paid R74-million in final months as MTN CEO

Rob Shuter paid R74-million in final months as MTN CEO
Former MTN Group CEO Rob Shuter
Rob Shuter, who resigned as CEO of MTN Group last year and who has since taken a senior role at the UK’s BT Group, was paid R73.8-million in his final eight months at the JSE-listed telecommunications firm.
Shuter, who was replaced in the top job on 1 August 2020, was paid R18.2-million as a base salary. On top of that, he received R30.1-million in bonuses and R17.8-million in other benefits. That, coupled with pre-tax gains on equity-settled share-based settlements of R5.7-million and post-employment benefits of R2-million brought his total remuneration to R73.8-million. MTN’s financial year runs from January to December. ....

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