Verizon, the largest U.S. wireless carrier, said on Nov. 20 that it will cut more than 13,000 jobs.
In a public memo to staff, Verizon CEO Dan Schulman confirmed that the company will begin overhauling its operations.
Verizon Slashing 13,000 Jobs as US Wireless Carrier Restructures
The company is facing stronger market competition from industry rivals AT&T and T-Mobile.
People walk past a Verizon store in Manhattan's Midtown neighborhood in New York on May 2, 2017. Bebeto Matthews/AP Photo
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
