Verizon Communications laying off more than a quarter of its American workforce.
The company offered severance packages last month to about 44,000 employees.
The downgrade will cut costs by $10 billion.
Over two thousand more employees are being transferred to the Indian tech company Infosys.
Those workers not eligible for the layoff payments.
According to a Verizon worker, many of the employees affected by the deal are decades-long veterans of the company.