Verizon’s new “strategic reset” under newly appointed CEO Dan Schulman will involve layoffs for thousands of employees in the coming year. According to “insiders,” cuts could go as deep as 15,000, which would be 15 percent of its total workforce.
Verizon Layoffs: American Telecom Giant Is Likely To Fire Thousands of Employees; Here’s Why Times Now
from news.google.com
America’s largest telecommunications provider is reportedly gearing up for a restructuring effort, with wide-ranging job cuts potentially set to be announced as early as next week. A Bloomberg report, citing individuals familiar with the ongoing discussions, indicates that Verizon Communications is weighing a plan that could remove between 10,000 and 15,000 roles across the organisation.
With the company counting just under 100,000 employees at the end of 2024, the move would represent one of the most sweeping workforce reductions in Verizon’s recent history, the report added.
