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Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure

Enlarge (credit: Getty Images | Spencer Platt ) Verizon is parting ways with 10,400 employees in "a voluntary separation program," despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly seven percent of Verizon's workforce and were announced along with a $4.6 billion charge related to struggles in Verizon's Yahoo/AOL business division. Verizon described the voluntary buyouts as well as ongoing Yahoo/AOL failures in a Securities and Exchange Commission filing on Tuesday . The buyouts affect "US-based management employees" in multiple business segments, not just Yahoo and AOL. Here's what Verizon says about its Yahoo/AOL problem: Read 9 remaining paragraphs | Comments

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AT&T/Verizon lobby misunderstands arrow of time, makes impossible claim

Enlarge (credit: Getty Images | D3Damon) The telecom industry lobby group that represents AT&T and Verizon has consistently claimed that net neutrality rules hurt broadband investment. Yet the same lobby group has released data showing that fiber deployment grew significantly while net neutrality rules were in effect. Even more surprising: the lobby group, USTelecom, also recently claimed that an increase in broadband network investment that happened  before the net neutrality repeal was somehow caused by the repeal that hadn't yet taken effect. USTelecom released a new analysis last week , saying that, "from the end of 2015 to mid-2017, US fiber deployment grew from 21 percent to 29 percent of homes and competitive availability of wired broadband at 25Mbps download and 3Mbps upload speeds increased from 31 percent to 55 percent." Fixed wireless deployment has also helped expand broadband access, USTelecom wrote. Read 17 remaining paragraphs | Comments

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