Verizon is offering a buyout package to 1,700 workers as it looks to cut its entire workforce by 1 percent, in a cost-saving move. The buyout package was offered to workers last week across the country, and employees are now deliberating whether or not they will take the offer. If not enough people take the offer immediately, Verizon has said that it will likely pursue involuntary layoffs.

[Source: Reuters]