Verizon Communications Inc. (VZ)
Verizon confirms layoffs of 13,000 employees as part of restructuring
Verizon Communications Inc (NYSE:VZ, XETRA:BAC) confirmed on Thursday that it plans to lay off more than 13,000 employees, roughly 13% of its workforce, as part of a broad cost-cutting and restructuring initiative under new CEO Dan Schulman. The reductions, the largest in Verizon's history, aim to simplify operations, reduce internal complexity, and strengthen the company's focus on customer experience.
Verizon to cut over 13K jobs as it seeks to cut costs under new CEO
Verizon will lay off more than 13,000 workers as new CEO Dan Schulman implements an aggressive cost-cutting strategy to compete with AT&T and T-Mobile.
Verizon says it will lay off 13,000 employees as its new CEO seeks a 'faster and more focused' company
Verizon said Thursday that it will lay off more than 13,000 employees. The company started 2025 with about 100,000 employees.
Why Verizon's new CEO is cutting 13,000 jobs at the wireless company
Verizon's stock has been a major laggard and the company has failed to show annual earnings growth recently. CEO Dan Schulman says layoffs will make Verizon “faster and more focused.
Verizon cutting more than 13,000 jobs as it restructures
U.S. wireless carrier Verizon said Thursday it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations.
Verizon Begins Laying Off More Than 13,000 Employees
U.S. employees will be notified Thursday if they are being laid off in Verizon's largest-ever round of workforce cuts.
VZ Upgrades Network of Monumental Sports: Will it Fuel Revenues?
Verizon's new 100G optical ring for Monumental Sports strengthens venue connectivity and supports its digital transformation push.
Verizon Communications Inc. (VZ) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Verizon plans largest-ever layoffs amid restructuring
Verizon Communications Inc (NYSE:VZ, ETR:BAC) is set to cut approximately 15,000 jobs, or about 15% of its US workforce, marking the largest layoffs in the company's history. The reductions are expected to begin as soon as next week as part of a restructuring under new CEO Dan Schulman.
Verizon to cut about 15,000 jobs as it restructures under new CEO
Verizon is planning to cut about 15,000 jobs in the telecommunications company's largest-ever layoffs as part of a restructuring under its new CEO, a person familiar with the matter told Reuters on Thursday.
Inside the Frantic Push to Reverse Verizon's Decline
After the board soured on Hans Vestberg's network-first focus, his successor as CEO is planning major cost cuts.
Verizon Eyes Layoff That May Cut 15,000 Jobs
Sources told The Wall Street Journal (WSJ) that in the name of reducing costs, Verizon Communications plans to cut about 15,000 jobs within the coming week. According to the Thursday (Nov. 13) report, this would be the largest workforce reduction in the telecommunications giant's history.
