Verizon Communications Inc.

Table of Contents Verizon will unveil another wave of workforce reductions this Thursday morning, as reported by an employee with knowledge of the situation. The specific headcount impact remains undisclosed at this time. 9% decline. , VZ These upcoming job eliminations represent a continuation of the aggressive cost-reduction strategy CEO Daniel Schulman has pursued since assuming leadership in October 2025. Expense management has become a cornerstone of his operational approach. Back in November 2025, Verizon executed its most significant workforce reduction in company history, eliminating 13,000 positions.

This was followed by an additional, though smaller, reduction round in May 2026. By year-end 2025, Verizon’s total workforce stood at 89,900. During a January earnings conference call, Schulman outlined Verizon ‘s ambitious goal of securing $5 billion in operating expense reductions throughout 2026, emphasizing that workforce reductions would account for a “substantial portion” of these savings. ” He further acknowledged that customer satisfaction metrics were “not great” and pointed out the company’s market share erosion over the preceding five years.

Also on Tuesday, BNP Paribas Exane lowered its price objective for VZ shares from $46 to $44, maintaining its neutral outlook. This revised target suggests approximately 4% potential upside from current trading levels. The overall Street sentiment remains lukewarm. Currently, nine analysts recommend buying VZ, while twelve maintain hold recommendations. 28. Citigroup represents the most optimistic view, raising its target to $55 with a Buy recommendation in March. Morgan Stanley maintains an equal weight stance with a $50 price objective. 21. 82 billion Wall Street projection.

7% compared to the prior-year period. 99. During the first quarter, Verizon secured a net increase of 55,000 postpaid phone subscribers, surpassing market expectations. Earlier in 2026, Verizon finalized its $20 billion purchase of Frontier Communications. Under the regulatory approval conditions, certain Frontier workers have received four-year protections against involuntary termination. Verizon recently introduced a flat-rate “Simplicity plan” last month and has been deploying artificial intelligence technology within customer service operations to drive down costs while enhancing service quality.