Verizon to cut up to 15K jobs as it seeks to cut costs under new CEO

Verizon Communications is planning to cut up to 15,000 jobs this month as new Chief Executive Dan Schulman launches an aggressive cost-cutting drive to make the company leaner. The cuts, expected to begin as soon as next week, will primarily impact non-unionized positions across all segments of the company, a source familiar with the matter told FOX Business. Rich Young, a spokesperson for Verizon, said nothing has been finalized and that the company does not comment on rumors or speculation. VERIZON NAMES FORMER PAYPAL BOSS DAN SCHULMAN AS CEOHowever, the cuts are in line with Schulman's plan