Verizon is preparing to implement a sweeping restructuring plan that will eliminate more than 13,000 jobs, marking one of the company’s most significant workforce reductions in recent years. The initiative, led by the telecom giant’s newly appointed CEO, aims to streamline operations, reduce long-term costs, and strengthen competitiveness amid shifting industry dynamics. As rising network investments and slowing subscriber growth pressure profitability, Verizon’s leadership is pursuing an aggressive strategy to modernize its business model.