Verizon’s Bold Restructure with 15,000 Job Cuts: What It Means for the Telecom Giant

Verizon is making news today with a significant restructuring announcement: the layoff of 15,000 employees. This decision comes under the leadership of CEO Dan Schulman, marking the largest workforce reduction in the company’s history. The move aims to streamline operations as competition with AT&T and T-Mobile intensifies. As Verizon navigates these challenges, many are examining how these changes will impact the telecom giant’s profitability and stock performance.