According to @StockMKTNewz, citing The Wall Street Journal, Verizon (VZ) plans to cut about 15,000 jobs, or roughly 15% of its workforce, as soon as next week (source: The Wall Street Journal via @StockMKTNewz). According to The Wall Street Journal as relayed by @StockMKTNewz, most reductions will be through layoffs, and about 200 company-owned stores will transition to franchised operations, shifting those employees off Verizon’s payroll (source: The Wall Street Journal via @StockMKTNewz). According to The Wall Street Journal via @StockMKTNewz, Verizon had roughly 100,000 employees as of February, and the planned cuts would be the carrier’s largest to date (source: The Wall Street Journal via @StockMKTNewz). According to The Wall Street Journal via @StockMKTNewz, the report did not include details on expected cost savings, one-time restructuring charges, or guidance changes, and it did not mention any direct cryptocurrency market impact (source: The Wall Street Journal via @StockMKTNewz).