Job cuts are expected to hit one of the world’s largest telecommunications companies just over a month after crowning its new CEO.
Verizon, which has operating revenue of $101.81 billion so far this year, plans to cut about 15,000 jobs in the next week, according to The Wall Street Journal, which cited people familiar with the matter. The wireless service and home internet provider looks to pare back costs as it grapples with increased competition, the people said.
