The Brief

• • Verizon plans to cut more than 13,000 jobs as part of a company-wide restructuring under new CEO Dan Schulman.
  • Schulman said Verizon must “reorient” around customer experience and streamline operations to remove costly complexity and improve investment capability.
  • The cuts, affecting nearly 20% of management, could begin next week, though Verizon recently said media reports were “rumors” and no official details had been announced.

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