Verizon

Quick read

Verizon Communications Inc., a major US telecommunications company, founded October 1983, headquartered in New York City. It operates America's largest wireless network and sells network, security, and 5G solutions to consumers and enterprises globally. The company is integrating Frontier's fiber assets after a regulatory review process and managing a workforce restructuring tied to AI-era skill transitions.

Key facts

Founded

October 1983

Employees

89900

Sectors

enterprise, saas, security

Website

www.verizon.com

Mission

Verizon provides wireless, broadband, and enterprise network services across the US, with a strategic focus on 5G infrastructure, fiber expansion (via the Frontier acquisition), and enterprise security and IoT solutions.

Recent activity

• Jul 2026press
  Verizon reported Q2 2026 earnings on July 24, forecasting full-year EPS of $4.94. The company projected total mobility and broadband service revenue growth of ~3.0% in Q3 and ~4.0% in Q4, up from 2.8% in Q2. gurufocus.com
• Jun 2026product
  Verizon launched 'Verizon Simplicity' and 'Verizon One' plans, eliminating network tiers and activation/upgrade fees. Verizon One bundles mobility and home service on a single $70 all-inclusive monthly bill, managed via the My Verizon app. noticiasnewswire.com
• Jun 2026investment
  Verizon completed private exchange offers and consent solicitations covering 11 series of notes, with final results announced June 17, 2026. globenewswire.com
• May 2026leadership
  CEO Dan Schulman publicly attributed ongoing workforce reductions to AI substitution, telling investors Verizon expects to be 'substantially complete' with its AI tech stack by July 2026 and fully done by November. CFO Tony Skiadas confirmed a $5 billion operating-expense savings target by end of 2026. layoffhedge.com
• 2026press
  Verizon sold 274 company-owned retail stores to independent operators effective August 16, moving approximately 2,500 retail workers off payroll alongside roughly 500 additional corporate cuts. Cumulative job reductions under Schulman exceed 16,600. layoffhedge.com
• 2026press
  Verizon established a $20 million Reskilling and Career Transition Fund for departing U.S.-based employees, offering digital training and job placement support through December 2026. verizon.com
• 2026press
  Verizon announced a $25,000 reward program for information leading to the arrest and conviction of individuals vandalizing critical network infrastructure. verizon.com
• Jun 2026leadership
  CEO Dan Schulman said AI 'will replace a large percentage' of customer service workers in a Bloomberg interview on June 4. Verizon has cut 13,000 jobs since 2025 due to AI automation, with a WARN filing bringing the May 2026 round alone to 621 employees at Basking Ridge, NJ. CFO Tony Skiadas confirmed a $5 billion operating-expense savings target by end of 2026. layoffhedge.com
• Jun 2026product
  Verizon launched simplified wireless plans, dropped activation and upgrade fees, and introduced a new loyalty program called Verizon Loyalty. It rewards postpaid customers with 3% back in Verizon Dollars monthly and perks including free Starbucks coffee and FIFA World Cup 2026 merchandise. A converged plan called Verizon One bundles mobile and home service on one bill for $70. reuters.com
• Apr 2026press
  Verizon raised its annual profit forecast under CEO Dan Schulman, as reported on its Q1 earnings call. Schulman said the company expects to complete its AI tech stack buildout by July and be fully done by November 2026. reuters.com
• Apr 2026leadership
  Dan Schulman appeared at the Semafor World Economy conference in Washington, DC on April 15, 2026, where he discussed AI's impact on the workforce. forbes.com
• 2026press
  Verizon Frontline partnered with FIFA to deliver mission-critical communications and network connectivity for the FIFA World Cup 2026. verizon.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Matt Ellis · CFO
• Erik Huggers · Employee
• Hugh Carspecken · Employee
• John Townsend · Employee
• Hans Vestberg · CEO
  Brief →
• Tony Skiadas · EVP & CFO
• Kyle Malady · CEO, Verizon Business
• Sowmyanarayan Sampath · CEO, Verizon Consumer
• Joe Russo · President, Global Network and Technology

Sources

• Executive Leadership Biographies | About Verizon
• Building a stronger Verizon | Verizon Newsroom
• Reskilling program | About Verizon
• SEC Filings Digest — VZ Board Change Announcement
• Verizon Frontier acquisition California regulatory review
• Verizon Q1-2026 Earnings Report
• https://www.droid-life.com/2026/05/07/verizon-raises-price-on-unlimited-ultimate-plan-with-3-year-price-lock/
• https://www.verizon.com/about/news/feed/verizons-transformation-actions-deliver-growth-profitability-1q26-company-raises-adjusted-eps
• https://www.linkedin.com/in/malady/
• https://www.verizon.com/about/news
• https://fortune.com/2025/10/07/why-verizons-new-ceo-dan-schulman-partner-cfo-market-strategy/
• https://layoffhedge.com/company/verizon
• https://www.reuters.com/business/media-telecom/verizon-targets-wireless-customers-with-new-simpler-plans-drops-some-fees-2026-06-16/
• https://www.forbes.com/sites/quickerbettertech/2026/06/21/small-business-tech-news-verizon-ceo-sends-shocking-message-to-employees/
• https://www.linkedin.com/company/verizon
• https://www.gurufocus.com/news/8977498/verizon-vz-forecasts-revenue-growth-for-fy26
• https://www.noticiasnewswire.com/verizon-breaks-industry-mold/
• https://www.globenewswire.com/news-release/2026/06/26/3318235/0/en/verizon-to-report-earnings-july-24-2026.html
• https://www.verizon.com/about

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