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0.00236813778256188 -0.000215285252960129 0.00344456404736268 -0.000861141011840671 0.000645855758880541 0.00129171151776093 0.00172228202368134 0.0167922497308935
Stock impact report

Dan Schulman, Verizon CEO, on AI, layoffs and punching back [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Schulman, who came out of retirement six months ago to lead the $200 billion telecoms company, reveals that he initially turned the job down — twice. But his mandate is blunt: stop losing customers to its rivals, regain Verizon's “swagger,” and move it from a defensive posture to one that is “playing to win.” That reset has come with hard choices. Schulman discusses Verizon's major restructuring, why he chose to announce 13,000 job cuts all at once rather than “bleed it out over multiple quarters,” and why he thinks CEOs have responsibilities to employees who are leaving as well as those who remain. Schulman describes the job of leadership as defining reality while inspiring hope — even when the reality is uncomfortable. Schulman also looks ahead to the convergence of AI, quantum computing and robotics, and argues that CEOs need to be open-minded, humble and fast-moving. “A quick decision that is wrong and you self-correct,” he says, “is way better than spending months creating Show less Read more
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