Core Viewpoint - Verizon Communications is planning to cut up to 15,000 jobs as part of a cost-cutting initiative led by new CEO Dan Schulman to enhance competitiveness and operational efficiency [1][2]. Group 1: Job Cuts and Cost-Cutting Strategy - The job cuts are expected to begin soon and will primarily affect non-unionized positions across all segments of the company [1]. - Schulman aims to make Verizon "more agile and efficient" and has indicated that the company will be a "simpler, leaner and scrappier business" [2][4]. - The cost reductions will fund significant investments in marketing and customer experience to drive growth in mobility and broadband [4]. Group 2: Market Position and Competition - Verizon is facing sluggish customer growth and increasing competition from AT&T and T-Mobile, necessitating a strategic shift [4][6]. - Analysts have noted that competition among major wireless carriers is intensifying, with aggressive promotions being rolled out to attract new customers [10][11]. - Verizon is projected to face the steepest challenges in increasing its number of postpaid phone customers by 2025 compared to its competitors [11]. Group 3: Financial Strategy and Customer Focus - Schulman has criticized the company's previous reliance on price increases for financial growth, stating that this is not a sustainable strategy [6]. - A shift towards a customer-first culture is expected to create a more efficient cost structure while enhancing customer experience [8]. - Schulman believes that the industry, including Verizon, has significant potential for improved bottom-line performance [9].

Verizon Communications is preparing to eliminate roughly 15,000 jobs, which will become the largest round of layoffs in its history, as part of a sweeping cost-cutting effort aimed at improving effici... ...

Core Insights - Tradr ETFs has launched four new single-stock leveraged funds aimed at providing 2x (200%) the daily performance of their respective underlying stocks [1] - The underlying stocks are connected to the growing AI infrastructure and advanced computing ecosystem [2][3] Group 1: New ETF Launch - The newly launched ETFs include Tradr 2X Long BE Daily ETF tracking Bloom Energy Corp, Tradr 2X Long CLS Daily ETF tracking Celestica Inc, Tradr 2X Long NNE Daily ETF tracking NANO Nuclear Energy Inc, and Tradr 2X Long SNPS Daily ETF tracking Synopsys Inc [1] - These ETFs are designed to give active traders exposure to high-growth companies without the need for margin or options [4] Group 2: Underlying Stocks Overview - Bloom Energy specializes in clean technology, providing solid oxide fuel cells for AI data centers [2] - Celestica is experiencing revenue growth by supplying design and manufacturing services to semiconductor and cloud equipment providers [2] - NANO Nuclear Energy focuses on next-generation nuclear microreactors, targeting high-density compute facilities [3] - Synopsys is a leading semiconductor design software provider, crucial for AI chip development for major clients like NVIDIA and AMD [3] Group 3: Company Background - Tradr is a pioneer in single-stock leveraged ETFs, currently managing over $2 billion in assets across 53 ETFs [4]

you are the newly named independent chairman at Verizon for the newly named CEO Dan Schulman. Why the change and what's going to be different at this point. >> Um Verizon has gone from number one in market cap bond ratings and and share to number three.Um, and the network isn't as differentiated as it used to be in large part because everybody's been spending money to put these 5G networks in place. So, losing 30% share over the last 8 years is an issue. The board needed to act and we acted. ...

Group 1 - The company plans to implement cuts in the next week [1] - The company is transitioning 200 stores to franchised locations [1]

BREAKING: Stock Market Ends Wild Week Narrowly Mixed Verizon Communications (VZ) will slash about 15% of its workforce, roughly about 15,000 jobs, as it struggles amid fierce wireless competition. Verizon stock rose on the news, bucking a broad market retreat. When Verizon reported third quarter earnings, the telecom reiterated 2025 guidance and announced a small dividend increase. In a surprise move, Verizon on Oct. 6 appointed Dan Schulman as chief executive officer. He replaced Hans Vestberg. Schulman ha ...

Core Insights - Verizon is planning to cut approximately 15,000 jobs, which represents about 15% of its workforce, marking the largest layoffs in the company's history [1][3] Group 1 - The layoffs are expected to occur within the next week [1][3] - Verizon has not provided an immediate comment regarding the layoffs [3]

Verizon is discussing plans to announce job cuts across the company next week, according to people familiar with the wireless carrier’s plans, a major step in a transformation led by its new CEO https://t.co/IVPbb6yjlN ...

Verizon is planning to cut about 15,000 jobs, a person familiar with the matter told Reuters on Thursday. ...

Exclusive: Verizon is planning to cut about 15,000 jobs, looking to reduce costs as it contends with increased competition for wireless service and home internet https://t.co/9PtvOpQoq6 ...