New Verizon CEO announces historic layoffs affecting 20% of management staff

The Washington TimesThursday, November 20, 2025 at 7:30:35 PM
NegativeU.S News
New Verizon CEO announces historic layoffs affecting 20% of management staff
  • Verizon is implementing significant layoffs affecting over 13,000 employees, representing about 20% of its management staff, as part of a restructuring strategy led by new CEO Dan Schulman.
  • This move is crucial for Verizon as it seeks to adapt to a competitive telecommunications landscape and improve overall customer satisfaction amid operational challenges.
  • The layoffs reflect broader trends in the industry, where companies are increasingly forced to streamline operations and rethink strategies to remain viable in a rapidly evolving market.
— via World Pulse Now AI Editorial System

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