Verizon(US:VZ) Sou Hu Cai Jing·2025-11-21 01:20Core Points - Verizon announced a layoff of 13% of its workforce, totaling 13,000 employees, as part of a cost-cutting strategy and a shift to focus on customer needs [1][2] - The new CEO, Dan Schulman, emphasized the need to simplify operations to enhance efficiency and reduce internal complexities [1] - Verizon's recent financial report indicated a significant loss of paying mobile users while expanding its internet service offerings, including a $20 billion merger with Frontier and the acquisition of Starry [1] Cost-Cutting Measures - The layoffs are part of a broader initiative to reduce costs and streamline operations [1] - The company plans to significantly cut outsourcing and external labor expenses [1] - A $20 million fund will be established for retraining and career transition support for affected employees [1][2] Future Outlook - Schulman highlighted the importance of adapting to the skills required in the AI era and expressed a desire to collaborate with other businesses and public sectors [2] - The executive team will announce a new organizational structure and focus areas in the coming weeks [2] - Employees are encouraged to ensure the company meets its fourth-quarter objectives during this transition [2]