https://www.zacks.com/stock/news/328942/verizon-aims-to-lower-costs-through-employee-retrenchment
If the US economy is doing as well as the statistics are showing, Verizon won't be retrenching so many employees (44,000).
When a US telecom company needs to retrench 44,000 employees, it is showing that the US economic growth won't be good in the future because the US telecom company cannot earn enough to support the massive employees.
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