Verizon’s new CEO, Dan Schulman, said in a note to employees the company would reduce its workforce by more than 13,000 employees across the organization, and significantly reduce outsourced and other outside labor expenses.
Reposting with VZ Free cash flow numbers.
Free Cash Flow TTM 20,649,000 2024 18,922,000 2023 12,912,000
Which really puts this quote into a different light IMO
“Our current cost structure limits our ability to invest significantly in our customer value proposition,” Schulman wrote in a note to employees seen by Reuters. “We must simplify our operations to address the complexity and friction that slow us down and frustrate our customers.”
Quote Citation: Reuters, “Verizon cutting more than 13,000 jobs as it restructures”, 2025-11-20, https://www.cnbc.com/2025/11/20/verizon-cutting-more-than-13000-jobs-as-it-restructures-.html