Verizon Cuts 13K Jobs, Realigns Priorities

Verizon, a major US wireless carrier, is cutting over 13,000 jobs and converting 179 company-owned stores into franchises. The companys new CEO, Dan Schulman, aims to reduce costs and simplify operations. A $20 million career transition fund is being established for laid-off employees to help them adapt to the AI-driven job market. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.