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A memo from CEO Dan Schulman says 13% of employees will be cut across the company, marking one of Verizon's largest workforce ...

The telcom giant becomes the latest to shed thousands of staff, but also sets up a training program for employees it is ...

Verizon lays off 13,000 workers as CEO Dan Schulman warns that "every part of the company will experience some level of ...

Telecommunications giant Verizon is implementing a significant restructuring, announcing the layoff of over 13,000 employees ...

The layoffs will affect about 20% of Verizon's non-union management, Verizon spokesperson Kevin Israel told USA TODAY.

Verizon is set to lay off more than 13,000 employees and every part of the company will be going through some changes, CEO Dan Schulman has confirmed. The company is reducing its headcount and cutting ...

Verizon must "evolve as a company" by slashing costs and restructuring, the wireless telecom's chief executive told employees ...

Verizon is laying off more than 13,000 employees, as the telecommunications giant says it must “reorient” its entire company.

Compay guidance called for $50 million to $75 million in second-half revenue, implying about $50 million in revenue in the fourth quarter. The company is aiming to have 45 to 60 satellites in orbit by ...

It is likely too early to panic, however, some economists told ABC News. While the layoffs reflect a weakened labor market ...

The cuts represent some of the executive’s first efforts to restructure as the company continues to face rising competition ...