Verizon Communications Inc. (VZ)
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.
Verizon to cut up to 15K jobs as it seeks to cut costs under new CEO
Verizon plans layoffs of up to 15,000 workers as new CEO Dan Schulman implements an aggressive cost-cutting strategy to compete with AT&T and T-Mobile.
Verizon Communications to Slash 15,000 Jobs: Report
The cuts are set to happen in the next week, with the company also planning to transition 200 stores to franchised locations, a report said.
Verizon to ax 15K jobs — largest ever for wireless carrier: report
The layoffs would represent 15% of the company's workforce.
Verizon to Cut About 15,000 Jobs
The telecommunications company is looking to reduce costs as it works to stem customer losses.
Verizon chairman Mark Bertolini says the board 'needed to act' to revive company
Verizon chairman and Oscar Health CEO Mark Bertolini told CNBC's "Squawk Box" that the telecom company's board "needed to act" with its leadership transition. Former CEO Hans Vestberg was replaced by Dan Schulman in October.
Verizon Communications Inc. (VZ) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
Verizon: Upside Hangs On New CEO's Execution
Verizon Communications remains a buy for income-focused investors, supported by attractive valuation and a 7% yield. VZ's Q3 earnings were mixed, with modest year-over-year growth but ongoing headwinds in broadband and wireless postpaid net additions. The new CEO's customer-first approach and cost-cutting initiatives could drive subscriber growth and future upside if successfully executed.
Verizon's Earnings Beat Proves The 7% Yield Is Sustainable (Rating Upgrade)
Verizon Communications Inc. just released its third quarter earnings. The VZ release was mixed, with a beat on adjusted earnings per share but a miss on revenue. Despite the mixed showing, the quarter apparently showed VZ's value increasing, with revenue and earnings both up during the period.
