Rumors say Verizon laying off sales reps
Engadgetmobile is reporting from various sources that Verizon is laying off several sales representatives across the nation. More specifically, the recent mammoth bankruptcy of Circuit City is forcing them to lay off 90 percent of the sales reps within those stores. It’s important to note that Verizon does not employ Circuit City workers; instead they are a complete direct dealer that have Verizon sales reps. The report also speculates that major layoffs are occurring in the Gulf Coast region that targets mostly higher-paid senior reps. The downfall of Circuit City withdraws Verizon’s presence in a major retail arena which can directly affect profitably for Big Red.