Wall Street loves a good layoff. Plus Verizon historically pays great dividends. Getting rid of legacy parts of the business and reducing redundant segments and management is a great move for the company. Buy stock now, it will be doable the trading price once wireline and other segments are sold off and the business is more streamlined.
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Wireless on Razor thing margins? Right... VERIZON Wireless operates on over 50% margins. Far from razor thin. Do market research and see that razor thing margins are single digits. T-mobile at around 30%. Wireless could go to 40 if they wanted but there currently isn't a need for it. With more operational efficiency they could push into the 60% margin range. They will do this by getting rid of non essential people and getting rid of assets. Stock price well into the 60's in 6 months.
Next one year VZ stock will be around 38. Their wireless margins will become razor thin. They knew that and that is why they are investing into cloud, telematics, iot, wireless first video etc. However they are too late in most of these segments.
Sad, but true