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20.11.25 - 21:42
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AT&T Bets on Fiber Growth While Verizon Cuts 15% of Workforce (24/7 Wall St.)
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AT&T (NYSE: T) and Verizon (NYSE: VZ) both reported Q3 earnings in late October, revealing two telecom giants moving in sharply different directions. AT&T leaned into its fiber-wireless convergence bet while Verizon signaled an urgent need for transformation. Fiber Fuels AT&T While Verizon Faces Revenue Pressure AT&T posted $30.70 billion in revenue, missing estimates by ... AT&T Bets on Fiber Growth While Verizon Cuts 15% of Workforce
The post AT&T Bets on Fiber Growth While Verizon Cuts 15% of Workforce appeared first on 24/7 Wall St.....
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20.11.25 - 18:48
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Verizon Begins Layoffs Aimed at 20% Cut in Non-Union Staff (Bloomberg)
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Verizon Communications Inc. announced wide-ranging layoffs Thursday morning that will shrink the company by as much as 20% of its non-union workforce, a major step in a turnaround plan led by new Chief Executive Officer Dan Schulman. The largest wireless carrier in the US gave notice that it will begin by cutting more than 13,000 employees, according to an internal message Schulman sent to employees that was seen by Bloomberg News. Bloomberg's John Butler joins Paul Sweeney and Scarlet Fu to discuss. (Source: Bloomberg)...
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20.11.25 - 16:06
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Verizon Axes 13,000 Workers Just One Week Before Thanksgiving (ZeroHedge)
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Verizon Axes 13,000 Workers Just One Week Before Thanksgiving
Verizon CEO Dan Schulman released a public letter to the company's 100,000-person workforce on Thursday morning, revealing that more than 13,000 job cuts will begin today. The timing is optically displeasing, coming just one week before the Thanksgiving holiday.
"Today, we will begin reducing our workforce by more than 13,000 employees across the organization, and significantly reduce our outsourced and other outside labor expenses," Schulman wrote in the letter.
Schulman said Verizon established a $20 million Reskilling and Career Transition Fund for departing workers, focused on training, digital skills, and job placement in the era of artificial intelligence.
"This fund will focus on skill development, digital training and job placement to help our people take their next steps. Verizon is the first company to set up a fund to specifically focus on the opportunities and necessary skill sets as we enter the age of A...
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18.11.25 - 19:30
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These 3 Dividend Stocks Are Perfect for Any Portfolio (24/7 Wall St.)
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Certain dividend stocks are worth holding no matter what your portfolio looks like. Dividend stocks like Fortis (NYSE:FTS), Verizon (NYSE:VZ), and Atmos Energy (NYSE:ATO), have stood the test of time and do well as long-term strategic plays. Plus, they can act as stabilizers for your entire portfolio if the market starts getting more volatile. The ... These 3 Dividend Stocks Are Perfect for Any Portfolio
The post These 3 Dividend Stocks Are Perfect for Any Portfolio appeared first on 24/7 Wall St.....
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