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Verizon is cutting 13,000 jobs in its biggest restructuring, citing slowing growth and competition.
Verizon is laying off over 13,000 employees, its largest workforce reduction ever, as new CEO Dan Schulman pushes a major restructuring to cut costs, improve customer experience, and counter losses to rivals AT&T and T-Mobile.
The company cited shrinking postpaid customer growth and the need for operational agility.
A $20 million reskilling fund was announced to support affected workers.
Former executive Tami Erwin shared an emotional LinkedIn message urging empathy and resilience, emphasizing that job loss impacts identity but that careers can evolve with purpose and support.
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Verizon está recortando 13.000 empleos en su mayor reestructuración, citando la ralentización del crecimiento y la competencia.