For  some Verizon Communications Inc. employees, 2019 will have a much different look than 2018.

The New York-based telecommunications conglomerate says 10,400 U.S. employees have accepted a voluntary buyout.

These staffers are mainly U.S.-based and exclude Verizon’s Oath media business, which houses AOL and Yahoo. Those accepting the buyout will get up to 60 weeks of salary, bonus and benefits, depending on length of service. The goal is to put the billions of dollars it saves into supporting next-generation technology.

Verizon had 152,300 employees at the end of the third-quarter ending Sept. 30, writes Anthony Noto for the Philadelphia Business Journal.

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This isn’t the first time Verizon (NYSE: VZ) has offered buyouts to employees as a means of cutting costs. Earlier this year, the company offered buyouts to 44,000 employees. At the time, chief executive Hans Vestberg said the severance packages gave Verizon “an opportunity to find more efficiencies” in size and scope.

The initiative is meant to help Verizon save $10 billion over the course of four years, and it plans to invest those savings into 5G technology.

Last December, Verizon confirmed that it was going to start selling 5G home broadband service over its wireless network to 30 million households nationwide.

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