New Verizon CEO announces historic layoffs affecting 20% of management staff
NegativeU.S News
- 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
