Verizon cutting more than 13,000 jobs as it restructures [Yahoo! Finance Canada]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Yahoo! Finance Canada
Verizon also said it plans to convert 179 corporate-owned retail stores ?into franchised operations and close one store. 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. "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." A company spokesperson confirmed the job cuts, saying "this is an opportunity for Verizon to reset, restructure and realign our priorities on ways ?that will help us regain our leadership as a communications provider." Reuters and other outlets reported last week Verizon was planning to cut around 15,000 jobs. Most of the cuts are to its U.S. workforce. S
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News
- AT&T to Webcast Fireside Chat with John Stankey at the UBS Global Media and Communications Conference on Dec. 9PR Newswire
- AT&T to Release Fourth-Quarter 2025 Earnings on Jan. 28PR Newswire
- What Do You Know About Black Friday? [The New York Times]The New York Times
- Bernstein Reiterates a Buy on AT&T Inc. (T), Keeps the PT [Yahoo! Finance]Yahoo! Finance
- 77% of U.S. Consumers Would Complete All Holiday Shopping at Small Businesses, According to Latest AT&T Business Holiday Shopping SurveyPR Newswire
T
Earnings
- 10/22/25 - Miss
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Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- T's page on the SEC website