Verizon to Lay Off 13,000 Employees as Part of Restructuring Plan
Verizon has announced plans to lay off over 13,000 employees in an effort to streamline operations and build a stronger company. The move comes as Verizon faces increasing competition and shifts in the telecom industry, with CEO Dan Schulman emphasizing the need for bold action to redefine the company’s trajectory. The layoffs represent about 13% of Verizon’s workforce, with the company also converting retail stores to franchised outlets and closing one store.
