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Dan Schulman Replaces Hans Vestberg as Verizon CEO
CONFIRMED90% CONFIDENCE353 days agoThe release, published Oct 06, 2025 at 12:29 UTC, says Verizon[1] "today announced" Schulman's appointment "effective immediately"; the 8-K dates the board's action to October 4, 2025.Verizon's board named former PayPal chief Dan Schulman, its lead independent director, as CEO in place of Hans Vestberg, and made Mark Bertolini chairman.0.72Verizon Reports Q3 2025 Results, Schulman's First as CEO
CONFIRMED91% CONFIDENCE330 days agoThe release is dated October 29, 2025 and was published at 10:30 UTC (6:30 a.m. EDT); the 8-K exhibit was accepted at 10:31 UTC before the 8:30 a.m. ET call.[1]Verizon's third-quarter 2025 results, the first under new CEO Dan Schulman, showed adjusted EPS of $1.21 but a loss of 7,000 consumer postpaid phones, as Schulman promised to aggressively transform the company's culture and costs.0.67Verizon Cuts More Than 13,000 Jobs in Its Largest Layoff
CONFIRMED84% CONFIDENCE308 days agoThe 8-K says "On November 20, 2025, Verizon ... announced" the workforce reduction, the same day Schulman's note to employees was reported.[1]CEO Dan Schulman told staff Verizon would cut more than 13,000 jobs, its largest single layoff, and franchise 179 company-owned stores, taking a $1.6 to $1.8 billion severance charge.$1.7B0.65Nationwide Verizon Outage Strands Customers in SOS Mode for 10 Hours
CONFIRMED87% CONFIDENCE253 days agoVerizon's[1] update page reads 'As of 10:15 PM ET, the outage has been resolved' (14 January); ABC News[2] quotes Downdetector that customers 'began noticing interrupted service around noon Eastern time on Wednesday'.A software issue took down Verizon Wireless across the US for about ten hours, from around noon until 10:15 PM ET, with Downdetector counting more than 178,000 affected at the peak; Verizon gave affected customers a $20 credit.0.59Nestlé Fires CEO Laurent Freixe, Names Nespresso's Philipp Navratil CEO
CONFIRMED88% CONFIDENCE1.1 years agoStated as firm: Nestlé's ad hoc release, Vevey 1 September 2025, announces Navratil's appointment "following the dismissal of Laurent Freixe with immediate effect"; GlobeNewswire's[1] copy is stamped "September 01, 2025 13:00 ET" (17:00 UTC, 19:00 in Vevey).Nestlé's board dismissed Laurent Freixe with immediate effect after an investigation found an undisclosed romantic relationship with a direct subordinate, one year into his tenure. Nespresso chief Philipp Navratil, a Nestlé lifer who joined as an internal auditor in 2001, took over as CEO.0.57Verizon Sells 274 Stores and Cuts 500 Corporate Jobs
CONFIRMED84% CONFIDENCE70 days agoReuters, datelined July 16: "Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs".[1]Verizon said it will hand 274 company-owned stores to franchise operators and cut about 500 corporate jobs, moves affecting about 3,000 employees, effective 16 August 2026.0.56Verizon Wireless Outage Leaves Phones in SOS Mode
CONFIRMED88% CONFIDENCE1.1 years agoVerizon's[1] network president wrote on 31 August that 'yesterday afternoon and evening' customers lost service; CBS dates the first reports 'shortly after 12 p.m. ET on Saturday' and quotes Verizon that 'by midnight' service was fully restored.A software issue knocked Verizon Wireless customers from California to Florida into SOS mode for much of Saturday afternoon, with Downdetector reports peaking near 23,000 before service was restored by midnight.0.55Verizon Confirms Several Hundred More Job Cuts
CONFIRMED83% CONFIDENCE140 days agoQuartz's report of May 7, 2026 says "Verizon has confirmed a new wave of cuts totaling several hundred jobs"; Zacks dates the confirmation to May 7.[1]Six months after its 13,000-job cut, Verizon confirmed a new round of several hundred layoffs, under 1 percent of its workforce, falling hardest on its Basking Ridge, New Jersey campus.0.55Verizon Completes $20 Billion Frontier Acquisition
CONFIRMED85% CONFIDENCE247 days agoVerizon's[3][4] 8-K: "On January 20, 2026, Verizon Communications Inc. completed the previously announced acquisition of Frontier Communications Parent, Inc."Verizon closed its $20 billion purchase of Frontier Communications, making it a wholly owned subsidiary and extending Verizon's fiber reach to almost 30 million passings across 31 states and DC.0.54Pablo Isla Becomes Nestlé Chairman as Paul Bulcke Leaves Early
CONFIRMED81% CONFIDENCE358 days agoStated as firm: Nestlé's release of 16 September 2025 (Vevey) says "Pablo Isla will become Chairman effective October 1, following Paul Bulcke's decision to step down from the Board earlier than planned"; the pin is the effective day, the announcement having gone out on 16 September at 12:15 ET per GlobeNewswire[1].Former Inditex boss Pablo Isla took over as Nestlé's chairman on 1 October 2025, six months earlier than planned, after Paul Bulcke chose to step down in the wake of the CEO's dismissal. Dick Boer became Lead Independent Director and Vice Chairman.0.53Samsung Cuts 739 New Jersey Roles as Its US Headquarters Moves to Texas
SCHEDULED79% CONFIDENCEin 6 daysThe New Jersey Department of Labor's 2026 WARN Notice Archive lists "Samsung Electronics America, Inc. | Englewood Cliffs | July | 9/30/26 | 739" (effective date and number affected).[1]Samsung Electronics America's New Jersey WARN notice lists 739 roles at its Englewood Cliffs headquarters ending on 30 September 2026, about 62% of its roughly 1,200 New Jersey staff, as the unit moves to Plano, Texas.0.53Nestlé to Cut About 16,000 Jobs Over Two Years
CONFIRMED88% CONFIDENCE343 days agoStated as firm: Nestlé's nine-month sales release (Vevey, 16 October 2025) announces a "planned global headcount reduction of c. 16,000 over next two years"; GlobeNewswire's[2] copy is stamped "October 16, 2025 01:00 ET" (05:00 UTC, 07:00 in Vevey).New CEO Philipp Navratil set out a global headcount reduction of about 16,000 - some 12,000 white-collar roles and 4,000 in manufacturing and supply chain - and raised Nestlé's Fuel for Growth savings target to CHF 3.0 billion by the end of 2027. The shares jumped more than 8%.0.53
