10 More Crushing 2012 Tech Industry Layoffs

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CEO: Daniel S. Mead

Layoffs are sweeping the telecom service provider space this year -- part of what most analysts see as an overall industry consolidation -- and big iron Verizon hasn't been immune. Verizon in June confirmed it would cut about 1 percent of its global workforce -- roughly 1,700 jobs -- and would resort to cuts if not enough employees took buyout packages.

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