NYSE:VZTelecom
Why Verizon (VZ) Is Up 5.8% After Major Consumer Leadership Shake-Up And Job Cuts - And What's Next
Verizon Communications Inc. recently announced that Sowmyanarayan Sampath will step down as CEO of the Verizon Consumer Group at the end of the first quarter of 2026, with Chief Transformation Officer Alfonso Villanueva taking over on an interim basis as the company cuts 13,000 jobs and shifts 179 corporate-owned stores to franchises.
These leadership and organizational changes mark a major step in Verizon’s turnaround plan under new CEO Dan Schulman, aligning consumer operations more...