Verizon’s ‘bold’ new direction will apparently include mass layoffs

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Verizon logo displayed on an Android phone.

Joe Maring / Android Authority

TL;DR

  • Rumors suggest Verizon will announce layoffs and store closures around November 20, though details remain unconfirmed.
  • The company reportedly plans to shut down less-profitable stores and cut staff across remaining locations, while expanding AI automation to fill the gaps.
  • It’s unclear if other big changes will be announced around this time, though it’s possible that there’s more to this coming shift than just layoffs.

Last week, I wrote an opinion about the…



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Verizon’s ‘bold’ new direction will apparently include mass layoffs


Verizon logo displayed on an Android phone.

Joe Maring / Android Authority

TL;DR

  • Rumors suggest Verizon will announce layoffs and store closures around November 20, though details remain unconfirmed.
  • The company reportedly plans to shut down less-profitable stores and cut staff across remaining locations, while expanding AI automation to fill the gaps.
  • It’s unclear if other big changes will be announced around this time, though it’s possible that there’s more to this coming shift than just layoffs.

Last week, I wrote an opinion about the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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