8legs: Dan schulman

Your Followed Topics

#1 out of 21.2M est. views10.36%

Verizon plans to cut up to 13,000 jobs this month as new CEO Dan Schulman launches an aggressive cost-cutting drive to make the company leaner.
Schulman frames the cuts as necessary to reduce the cost structure and fund a shift toward stronger customer value and growth in wireless and broadband.
The layoffs began to take effect as Verizon accelerates cost reductions amid heightened wireless and home internet competition.

Vote 32

#2 out of 222.5K est. views

Verizon will lay off more than 13,000 employees, about 13 percent of its workforce, as part of a broad cost-cutting effort.
The job cuts will be followed by a significant reduction in outsourced and outside labor expenses to simplify operations.
CEO Dan Schulman framed the move as part of reorienting Verizon around delivering for and delighting customers.
Verizon established a $20 million Reskilling and Career Transition Fund to support departing employees.
The reductions come as Verizon seeks growth opportunities, including a large fiber Internet initiative and other strategic moves.
The company plans to begin notifying U.S.-based employees about their status in the coming days.
Schulman will also work with other companies and the public sector to address AI-related workforce shifts.
Verizon reported losing about 7,000 postpaid phone customers in its latest earnings while pursuing new internet offerings.
The shifts intend to place Verizon on a faster, stronger path while maintaining a customer-first culture.

Vote 3

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.