Verizon Communications (VZ) Is Cutting 13,000 Jobs Under Dan Schulman

• Verizon Communications (NYSE:VZ) CEO Dan Schulman has launched an aggressive turnaround plan that includes a cultural reset and cost cuts.
• The overhaul targets roughly 13,000 job reductions as Schulman pushes to strip out entrenched bureaucracy across the telecom group.
• Management points to the strongest net customer additions in five years and tighter spending as early signs of operational change.
• This sweeping restructuring under Dan Schulman at Verizon is a key shift to weigh alongside the rest of our findings. Check out 1 warning sign that Verizon Communications investors should know about.

For a wider view on how critical networks and data plumbing are being rebuilt, it is worth exploring 53 AI infrastructure stocks.

Verizon Communications, a telecom group valued at $191.9b, runs critical communications, technology, information, and streaming services for consumers, businesses, and governments worldwide. As a result, any internal reset affects how a large slice of global digital traffic is supported and delivered.

Does the team leading Verizon Communications have what it takes? See our full breakdown of the management team's track record and compensation.

What Dan Schulman’s reset really tests in the Verizon Communications story

The Verizon Communications Narrative hinges on broadband, 5G and enterprise connectivity doing the heavy lifting, while a long-term cost program protects margins without breaking the customer experience. Schulman’s turnaround push drops straight into that second part of the bet.

"The main thing that has to go right is that Verizon Communications sustains its cost and efficiency program while customer-centric offers like Simplicity and Verizon One continue to support lower churn and healthy margins..."

See how the full story points towards a $51.58 fair value for Verizon Communications.

Schulman’s 13,000 job cuts and cultural shake up sit squarely in the cost and efficiency lane that the bull case already leans on. Paired with moves to redeem US$1.75b of notes and tender for other debt, the leadership team is clearly trying to push Verizon toward a leaner balance sheet and lower structural costs than AT&T or T-Mobile.

The flip side is execution risk on the customer side of the thesis. A hard cultural reset and workforce reduction can distract managers just as Verizon is rolling out AI-driven network automation, private 5G and premium plans like Simplicity and Verizon One, which the Narrative flags as crucial for keeping churn low and returns on that heavy 5G and fiber spend healthy.

Parsing this kind of leadership overhaul really comes down to your view on where Verizon Communications is heading, which is exactly what a clear Narrative is designed to spell out.

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