Verizon has continued its year-long restructuring efforts by filing multiple WARN notices, resulting in nearly 5,700 job cuts since January. These reductions have been implemented through a series of smaller, ongoing layoffs rather than a single large announcement. The company's CEO initiated a significant restructuring plan last year aimed at reducing operating expenses. While these cuts have improved financial metrics, subscriber growth remains a challenge. The ongoing nature of these workforce adjustments suggests the restructuring is still in progress.
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https://startupfortune.com/verizon-keeps-cutting-jobs-a-year-into-dan-schulmans-turnaround-plan/