Verizon CFO: Plans More Job Cuts In Coming Years

Verizon Chief Financial Officer John Killian said the company still needs to trim down its work force and plans additional cuts over the next couple of years. The cuts are in response to a shift in businesses to focus on the faster- growing wireless and FiOS video services. The company has already cut 8,000 jobs in the past 12 months, and plans to cut another 8,000 positions in the second half.