cm0002 to United States | News & Politics@midwest.socialEnglish · 5 hours ago

Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

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Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

cm0002 to United States | News & Politics@midwest.socialEnglish · 5 hours ago

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Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’ | Fortune

CEO Daniel Schulman, who formerly headed PayPal’s global transformation and Virgin Mobile’s $483 million sale, looks to turn around the telecoms giant.

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TrackinDaKraken@lemmy.world
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5 hours ago
“Cost reduction” is another way to say falling sales.
- reddig33@lemmy.world
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  Or maximizing profit. They could be doing fine sales wise, but the number always has to go up.

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