David Shepardson and Harshita Mary Varghese WASHINGTON (Reuters) – Verizon’s new chief executive plans to cut about 15,000 jobs in the biggest layoffs ever at a U.S. telecom company, a person familiar with the matter told Reuters on Thursday, outlining some of the chief executive’s first efforts to restructure in the face of increasing competition. … Read more
A little more than a month ago, Verizon welcomed a new CEO and significant changes are underway as the phone carrier sees an influx of loyal customers canceling their phone service following recent price hikes. Verizon in 2025 in its third-quarter earnings report, it revealed a net loss of 7,000 postpaid phone customers for the … Read more
Editor’s note: This article has been corrected. Verizon is scheduled to report earnings on Oct. 29. Verizon Communications. (NYSE: VZ) i just can’t catch a break. Although the telecom giant’s stock offers a strong yield and the valuation appears low, investors have been bearish in recent years. And this year, while the overall market has … Read more