Verizon Lays Off For More Than 13,000 Employeeshttps://t.co/kluos0lk87 https://t.co/vKQFYW3Dyj ...

Core Viewpoint - Verizon Communications is implementing a significant job cut of up to 13,000 positions as part of a cost-cutting initiative led by new CEO Dan Schulman to enhance operational efficiency and competitiveness in the market [1][3]. Group 1: Job Cuts and Cost-Cutting Strategy - The job cuts will primarily affect non-unionized positions within the organization, confirming earlier reports of potential cuts of up to 15,000 [1]. - Schulman emphasized the need for the company to evolve to meet customer needs and improve market leadership, stating that the current cost structure limits investment in customer value [2][3]. - The company aims to become "simpler, leaner, and scrappier," with a multi-year commitment to reducing costs while investing in marketing and customer experience [5]. Group 2: Market Position and Competitive Landscape - Schulman, who previously served as CEO of PayPal, is focused on driving profitable expansion in both wireless and broadband sectors amid increasing competition from AT&T and T-Mobile [5][7]. - Analysts noted that Verizon faces significant challenges in increasing its postpaid phone customer base, particularly in 2025, while competitors like AT&T and T-Mobile are better positioned to meet their targets [11][12]. - The competitive landscape is intensifying, with major carriers rolling out aggressive promotions to attract new customers as subscriber growth slows [11]. Group 3: Financial Strategy and Customer Focus - Schulman indicated that Verizon's financial growth has been overly reliant on price increases, which is not sustainable in the long term [7]. - A shift towards a customer-first culture is expected to create a more efficient cost structure that supports investments in enhancing customer experience, without compromising profit margins [9][10]. - The company believes there is significant potential for improved bottom-line performance in the industry [10].

Verizon’s U.S. employees will be notified Thursday if they are being laid off in Verizon’s largest-ever round of workforce cuts https://t.co/3yZUlLSPyG ...

Core Points - Verizon is laying off over 13,000 employees as part of a strategy to "reorient" the company and improve customer experiences [1][2] - The layoffs represent about 20% of Verizon's management workforce, which is not unionized, and come amid rising competition in the telecommunications sector [2][3] - The company reported earnings of $4.95 billion and revenue of $33.82 billion for Q3 2025, with a net loss of 7,000 postpaid connections despite growth in prepaid services [4] Company Strategy - CEO Dan Schulman emphasized the need to simplify operations to reduce complexity and enhance customer satisfaction [2][3] - The company plans to significantly reduce outsourced labor expenses in addition to the layoffs [5] Industry Context - Verizon is facing increased competition from major players like AT&T and T-Mobile, necessitating a transformation in its operations [3] - The current job market is challenging, with other companies like Amazon and UPS also announcing significant layoffs [5][6]

Core Points - Verizon plans to lay off 13,000 employees to become "faster and more focused" according to CEO Dan Schulman [1] - The job cuts are aimed at reducing costs and enhancing customer satisfaction [1] - Schulman emphasizes the need for the company to capture new growth opportunities while delivering for customers [1] Company Strategy - Schulman, who became CEO last month, aims to create a "simpler, leaner, and scrappier" organization [2] - The layoffs are part of a broader strategy to streamline operations and improve efficiency [1][2]

Core Viewpoint - Verizon's stock has been underperforming, and the company has not demonstrated annual earnings growth recently [1] Group 1: Company Performance - CEO Dan Schulman stated that layoffs will enable Verizon to become "faster and more focused" [1]

Verizon announced wide-ranging layoffs Thursday morning that will shrink the company by as much as 20% of its non-union workforce, a major step in a turnaround plan led by new Chief Executive Officer Dan Schulman. https://t.co/DcrsWnEK4O ...

Core Insights - Verizon is implementing its largest single layoff by cutting more than 13,000 jobs as part of its strategy to reduce costs and restructure operations [1] Company Summary - The job cuts are a significant move for Verizon, indicating a shift in its operational strategy aimed at improving financial performance [1] - This decision reflects broader trends in the telecommunications industry, where companies are increasingly focusing on cost management and efficiency [1]

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].