Verizon’s new CEO, Dan Schulman, is reportedly considering a bold restructuring move that could lead to 10,000–15,000 job cuts across the company. The layoffs are seen as a key part of Schulman’s vision to revitalize Verizon’s growth trajectory and strengthen its competitive position in the US telecom market.
The restructuring is expected to target underperforming divisions and cost-heavy operational areas. Schulman, known for transforming PayPal, is expected to bring similar efficiency-focused strategies to Verizon by boosting automation, cutting bureaucracy, and improving customer experience.
If implemented, these layoffs would mark a dramatic shift in Verizon’s workforce strategy, signaling a new era of aggressive modernization.
