Verizon Communications has announced that to manage its losses and undertakes a strategic shift, it is planning to lay off approximately 15,000 employees. A new CEO has been appointed who played a major role in initiating this decision. Several stores will also be converted into franchises as part of the restructuring changes. Amid these significant layoffs and management changes, reports indicate that many major asset management companies and financial institutions have increased their stakes in the company. Institutions like the Foundations Investment Advisors LLC, the Commonwealth of Pennsylvania Public School Employees Retirement System, Geode Capital Management LLC, Jupiter Asset Management Ltd, and the Empower Advisory Group LLC among others have expressed confidence in Verizon's future by buying and increasing their stock holdings. These acquisitions and investment trends come in anticipation of Verizon's upcoming earnings report. Despite the market downturn, Verizon's stock value shows signs of rising, triggered by the planned layoffs and strategic operational shifts. The company has announced an increase in its quarterly dividend, leading Wall Street to hold a bullish stance on Verizon.
Verizon Communications VZ News Analytics from Fri, 08 Aug 2025 07:00:00 GMT to Sat, 15 Nov 2025 21:05:22 GMT - Rating 2 - Innovation -3 - Information 6 - Rumor -5
