Verizon confirms over 13,000 layoffs in major restructuring
Verizon has confirmed its largest-ever layoff, affecting more than 13,000 employees as part of a broad restructuring aimed at cutting costs. According to a Wall Street Journal report citing CEO Dan Schulman memo, employee notifications begin Thursday. Verizon shares slipped 0.3% premarket, while retail sentiment on Stocktwits trended bearish.