Verizon Is Cutting 3,000 Jobs and Handing 274 Stores to Franchisees Right Before July 24 Earnings. Is the 6.5% Dividend Still Safe? | The Motley Fool

Verizon is streamlining operations under CEO Dan Schulman, selling 274 retail stores to franchisees and cutting 500 corporate positions, impacting around 3,000 employees. Despite concerns, the company’s restructuring appears to bolster its financial health, with Q1 revenue up 2.9% and adjusted EPS growth of 7.6%. With a robust...