Struggling Verizon Sets Big Job Cuts Under New CEO

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 ...