Verizon says it will lay off 13,000 employees as its new CEO seeks a 'faster and more focused' company

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]