U.S. employees will be notified Thursday if they are being laid off in Verizon's largest-ever round of workforce cuts. ...

Core Insights - Verizon Communications Inc. (VZ) has experienced a stock decline of 6.2% over the last six months, outperforming the Wireless National industry's decline of 9.4% but underperforming the Zacks Computer & Technology sector and the S&P 500 during the same period [1][9]. Business Segment Performance - The Verizon Business segment is facing challenges due to soft demand in the enterprise and public sector, resulting in a revenue drop of 2.8% year over year to $7.14 billion in the third quarter, which also fell short of the estimated $7.3 billion [3][14]. - Despite the challenges, Verizon Business has secured new deals, including a partnership with AWS to provide fiber network infrastructure, indicating potential recovery in this segment [10]. Competitive Landscape - Verizon is encountering stiff competition from major telecom players like AT&T, T-Mobile, and Comcast, which are rapidly expanding their network infrastructure, impacting Verizon's margins in a saturated U.S. wireless market [4][14]. - To attract new customers, Verizon is investing heavily in promotions and offering discounts, which may further pressure its margins [5]. Growth Drivers - The Consumer segment has shown solid momentum, with revenues increasing by 2.9% year over year to $26.1 billion, supported by growth in wireless equipment and service businesses [6]. - Verizon is expanding its fiber infrastructure, including the integration of Frontier Communications' fiber network, which is expected to improve customer retention [7][15]. Financial Estimates - Earnings estimates for 2025 have remained unchanged, while estimates for 2026 have decreased by 0.81% to $4.89 [11]. - From a valuation perspective, Verizon's shares are trading at a price/earnings ratio of 8.52, which is lower than the industry average of 12.25, indicating a relatively cheaper valuation [12].

Core Viewpoint - Verizon plans to lay off at least 15,000 employees and convert 180 stores to a franchise model, marking the largest restructuring in the company's history [1][3]. Group 1: Layoff Details - The layoffs will affect approximately 15% of Verizon's total workforce, with reports suggesting that the total number of job cuts could reach up to 20,000 [3]. - This restructuring is part of CEO Dan Schulman's initiative to streamline the company and reduce management positions by over 20% [3]. - Verizon has already cut nearly 20,000 jobs over the past three years, and by the end of 2024, the total number of employees in the U.S. is expected to be around 100,000 [3]. Group 2: Market Challenges - Verizon is facing challenges in customer growth due to increased competition from rivals offering lower-priced plans and the entry of cable companies like Comcast and Charter Communications into the wireless market [3]. - Schulman has emphasized the need for a complete transformation of the company, focusing on cost restructuring and operational efficiency [3].

Core Insights - Verizon Business has completed the deployment of a 100G dedicated optical ring at Monumental Sports & Entertainment, enhancing network connectivity and broadcast workflows [1][8] - The media and entertainment industry is transitioning to IP-based, flexible production models, which Verizon's optical network offerings are well-positioned to support [2] - Verizon has secured customer wins in the entertainment sector, including advanced network services at the St. Louis Blues' stadium [3] Financial Performance - Verizon Business segment revenues declined by 2.8% year over year to $7.14 billion in Q3, reflecting soft demand trends [4] - The company's shares currently trade at a price/earnings ratio of 8.44, down from 12.29 for the industry [9] Competitive Landscape - Verizon faces competition from AT&T and T-Mobile, both of which have expanded their presence in the media and entertainment sector [5] - AT&T has upgraded connectivity in the Caesars Superdome and surrounding areas to enhance the fan experience [6] Future Outlook - The recent optical ring deployment is expected to boost network resiliency and optimize operations ahead of the 2025-26 NHL/NBA seasons [2][8] - Earnings estimates for 2025 have remained unchanged, while estimates for 2026 have declined over the past 60 days [10]

Culturally, uh, the organization needs to become less bureaucratic. It needs to be more nimble. It needs to be more agile. It needs to be way more scrappy.It needs to think of itself as a startup with a ton of great assets to leverage. [Music] I want to start talking about uh technology because you know you you've spent a lot of time uh getting your arms around it. You've seen multiple waves of technology changing your career.How does this compare to previous waves. Um, I think this is a time for all of us ...

Market Reaction - The reopening of the U.S. government after a 40-day shutdown was initially expected to be a positive catalyst for the market, but instead led to a significant drop, with the Dow Jones Industrial Average falling nearly 800 points [1][3] - The small-cap Russell 2000 index and the technology sector also experienced substantial declines, with Bitcoin dropping below $100,000, marking its lowest closing price since May [1][3] Economic Data Concerns - The shutdown resulted in a backlog of economic data, which investors rely on to gauge economic trends. The release of this data caused market anxiety rather than relief [3][5] - There is uncertainty regarding how the accumulated data will impact market expectations, particularly concerning the Federal Reserve's potential interest rate cuts in December [5][7] Interest Rate Expectations - The probability of a rate cut by the Federal Reserve dropped significantly, with market bets falling from 63% to 50% in just one day, compared to nearly 70% a week prior [5][7] - Diverging views within the Federal Reserve regarding employment and inflation are contributing to market volatility, as changes in interest rate expectations lead to rapid shifts in capital [7][8] Sector Performance - The technology sector was notably affected, with companies like Cloudflare and Nvidia experiencing significant stock price declines due to high valuations and profit-taking [9][11] - Other sectors, such as healthcare, which previously supported the market, lost momentum, further exacerbating the declines in major indices [13] Capital Flows - There has been a notable shift in capital flows, with over $20 billion flowing into defensive sectors of the S&P 500 since October, while the technology sector saw a net outflow of over $35 billion [15] - Some companies, like Cisco, saw stock price increases due to positive earnings outlooks, while the energy sector was the only one to gain on a specific day, attributed to stable oil prices [15] Future Outlook - The U.S. Labor Department is expected to release the backlog of economic data soon, which will provide clearer direction for the Federal Reserve's policy decisions [18][20] - Despite current market uncertainties, the long-term outlook for technology and artificial intelligence sectors remains positive, although short-term valuations may need to adjust [18][20]

With Verizon set to slash 15,000 jobs, here are the exact steps you need to take right now to future-proof your career and get hired faster for your next role in 2026. https://t.co/eGsTNnKCMn (Photo: Kena Betancur/VIEWpress via Getty Images) https://t.co/seipLAD2lY ...

当大规模裁员潮、AI替代风暴与经济疲软形成共振，2026届毕业生正遭遇一场 "三重危机" 叠加的就业 寒冬，找工作从 "双向选择" 沦为 "生死竞速"。 巨头裁员潮蔓延 企业裁员的触角正从科技行业向全领域延伸。 继亚马逊、UPS 宣布大规模减员后，威瑞森通信（Verizon）计划一周内裁撤1.5万个岗位，创下公司史 上最大规模裁员纪录。 传统制造业同样未能幸免，福特汽车宣布2026年初将关闭德国科隆工厂部分生产线，裁员1000 人，累 计欧洲裁员规模将达4000人。 美国银行数据显示，仅科技行业就已砍掉8.9万个岗位，其中2.7万个直接被AI替代。 距离2026年春季毕业季尚有半年，美国高校的求职氛围已降至冰点。 美国全国高校与雇主协会（NACE）对183家企业的最新调查显示，52%的雇主将明年春招评级为 "糟糕 或一般"，这是自2020年疫情以来最悲观的预期。 更令人揪心的是，纽约联储数据显示，今年6月美国应届生失业率飙至4.8%，不仅高于4.3%的整体失业 率，更创下四年来同期峰值。 裁员背后企业用人策略发生根本转变。NACE调查显示，雇主更倾向于招聘有经验的求职者填补空缺， 而非从零培养应届生。 曾任职 ...

With Verizon set to slash 15,000 jobs, here are the exact steps you need to take right now to future-proof your career and get hired faster for your next role in 2026. https://t.co/eGsTNnKCMn (Photo: Kena Betancur/VIEWpress via Getty Images) https://t.co/mLib6MDEpJ ...

Group 1 - Verizon plans to lay off approximately 15,000 employees, which is about 15% of its total workforce, to reduce operational costs and improve efficiency [2] - Pfizer has successfully completed the acquisition of Metsera for $10 billion, a clinical-stage biopharmaceutical company focused on developing new drugs for obesity and cardiovascular metabolic diseases [4] - Meta Platforms announced the construction of a new AI data center in Wisconsin, covering 700,000 square feet, expected to create around 100 full-time technical jobs by 2027 [7] Group 2 - The U.S. initial jobless claims slightly decreased to approximately 226,000, down from 228,000 the previous week, indicating a potential stabilization in the labor market [3] - The National Bureau of Statistics reported that the urban surveyed unemployment rate in China was 5.1% in October, a decrease of 0.1 percentage points from the previous month [6] - Apple and Tencent have reached an agreement on a "Mini Apps Partner Program," allowing developers to retain 85% of revenue from transactions within their mini-programs, enhancing commercialization opportunities [10] Group 3 - The Chinese internet regulatory authority is cracking down on accounts using AI to impersonate public figures for misleading marketing, addressing issues of false advertising and network infringement [9] - Google has launched a new AI infrastructure called "Private AI Compute," aimed at combining the powerful capabilities of cloud AI with local device privacy protections [12] - Cursor has completed a $2.3 billion Series D funding round, with a post-investment valuation of $29.3 billion, indicating strong investor interest in AI technologies [11]