Verizon Communications Inc. (VZ)’s CEO Tells Employees Last Month’s Layoffs Were Inevitable

Verizon Communications Inc. (NYSE:VZ) is among the Top 15 Lowest P/E Ratios of the S&P 500 successful 2025. On December 5, Barron’s reported that it had seen a video of the company’s unrecorded worker webcast connected Friday, the archetypal since past month’s wide layoffs.

Photo by Austin Distel connected Unsplash

According to the report, Verizon’s CEO, Daniel Schulman, was blunt successful explaining the downsizing. The institution has mislaid betwixt 5% and 7% of its marketplace stock implicit the past 5 years, which has pressured the telecommunications giant’s apical line, according to Schulman, who besides noted the increasing churn complaint arsenic a effect of rising rates.

Schulman further added that Verizon Communications Inc. (NYSE:VZ)’s lawsuit restitution scores were lagging down rivals, and that the institution was partially liable for the situation, arsenic the employees did not person the ‘financial flexibility’ to bash what was needed of them.

Considering these factors, the Verizon CEO described the layoffs arsenic inevitable and said the cuts would assistance the institution allocate funds to thing larger. He was quoted arsenic saying the pursuing by Barron’s:

“because if we don’t person capable wealth to enactment backmost into our worth proposition to customers, we are going to proceed to shrink.”

Schulman said helium presented his plans for 2026 during his archetypal Board gathering arsenic Chief Executive the anterior week and volition stock much details erstwhile helium speaks with Wall Street analysts next.

However, Schulman’s caller statements suggest that an accrued absorption connected AI and improved lawsuit work volition beryllium among his large goals for adjacent year, according to Barron’s.

Verizon Communications Inc. (NYSE:VZ) provides communications, technology, information, and streaming services to clients worldwide.

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