Verizon USA plans to lay off as many as 20,000 people.

Bloomberg News reported on the 14th that Verizon Communications is currently discussing announcing layoffs next week. The layoffs may affect 15,000 to 20,000 employees, marking the largest layoff in the company's history. The report cited sources familiar with the matter as saying that these layoffs are a crucial step in the company's transformation under the leadership of new CEO Daniel Schulman. The layoffs could reduce the company's workforce by up to 20%. Securities filings show that as of February this year, the company had approximately 100,000 employees.