Verizon layoffs: America’s largest telecom company to cut 13,000 jobs, what CEO Dan Schulman said in internal memo
Telecom giant Verizon is slashing over 13,000 jobs, its largest workforce reduction ever, to streamline operations and boost customer value amid fierce competition. CEO Dan Schulman cited cost structures hindering investment. This move follows nearly 20,000 layoffs in the past three years, as Verizon struggles with subscriber growth against rivals.
Telecom giant Verizon is slashing over 13,000 jobs, its largest workforce reduction ever, to streamline operations and boost customer value amid fierce competition. CEO Dan Schulman cited cost structures hindering investment. This move follows nearly 20,000 layoffs in the past three years, as Verizon struggles with subscriber growth against rivals.
