Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’
NegativeFinancial Markets

Verizon plans to cut approximately 15,000 jobs following the appointment of new CEO Daniel Schulman. Schulman, who previously led PayPal's global transformation and managed the $483 million sale of Virgin Mobile, aims to implement significant cost reductions as a core strategy for the company. He has indicated that these cost reductions will become a standard practice within Verizon.
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