Core Viewpoint - The reduction in federal spending due to job cuts by the Trump administration has negatively impacted Verizon, leading to a larger-than-expected decline in mobile phone users in Q1 [1] Group 1: Company Performance - Verizon reported a loss of 289,000 monthly phone users, exceeding analysts' average estimate of 185,500 [1] - This decline represents a significant reversal compared to the addition of 568,000 users in the previous quarter [1] - The current user loss is more than double the decline experienced in the same period last year [1] Group 2: Market Impact - Verizon's stock price fell over 3% in pre-market trading following the announcement of user losses [1] - The company attributes part of the user decline to reduced spending by federal agencies as a result of job cuts implemented by the Trump administration [1]