Verizon to Lay Off 13K Employees, CEO Schulman's Strategic Shift

Verizon, under new CEO Dan Schulman, plans to lay off 13,000 employees to become faster and more focused. Schulman, previously at PayPal, aims to simplify and streamline operations, citing recent quarterly earnings that fell short of expectations and government budget cuts impacting consumer spending.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.