Verizon Communications (VZ) Cuts 13,000 Jobs As Dan Schulman Pushes Turnaround

Verizon Communications (NYSE:VZ) is undergoing a CEO-led overhaul under Dan Schulman, focused on stripping out entrenched bureaucracy. The turnaround plan includes approximately 13,000 job cuts as part of a broader restructuring of management layers and internal processes. Management is tying the cultural reset to early signs of improved customer performance and profitability across Verizon's core operations. This CEO driven restructuring with 13,000 job cuts deserves to be weighed against...