Friday, 21 November, 2025
Verizon to Cut 13,000 Jobs in Major Business Reorientation
US telecom giant Verizon is laying off over 13,000 employees, initiating job cuts as part of a major reorientation strategy led by new CEO Dan Schulman. The CEO stated that the company's current cost structure limits investment, necessitating a simplification of operations. The layoffs, affecting nearly 20% of the management workforce, aim to enhance customer experience and overall competitiveness in the challenging telecom market.
Read full story at Economic Times