Verizon to lay off 44,000 employees

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.