Thread regarding Verizon Communications Inc. layoffs

Dan Schulman, Summary Profile

Facts, short interview excerpts, and a forward-looking analysis of how he may lead (some AI, some custom):

Dan Schulman

  • Current role: Chief Executive Officer, Verizon Communications, effective Oct 6, 2025. He succeeds Hans Vestberg, who becomes a special adviser through Oct 4, 2026. Mark Bertolini becomes Board Chair.
  • Age: 67. Recent context: Verizon is pushing to reignite growth and integrate a pending Frontier Communications acquisition targeted to close in early 2026.
  • Education: B.A., Middlebury College 1980. M.B.A., NYU Stern.

Career highlights

  • AT&T: 18 years, rising to president of the consumer long distance business and the youngest member of the company’s top executive team.
  • priceline.com: President and COO, then CEO.
  • Virgin Mobile USA: Founding CEO, took it public, later sold to Sprint Nextel. Post-deal he led Sprint’s prepaid group.
  • American Express: Group President, Enterprise Growth, focused on new digital payments and partnerships.
  • PayPal: CEO from 2014 through 2023, leading its spinout from eBay in 2015 and subsequent platform expansion.
  • Selected moves: push for crypto features and a super app strategy, and the roughly 4 billion dollar acquisition of Honey to deepen consumer engagement.
  • Verizon governance: Director since 2018, elected Lead Independent Director in Dec 2024, now CEO.

Key Accomplishments:

  • Customer 1st
    At PayPal he implemented Customer Choice so users could pick how they pay. He noted that the day it was announced, the stock fell 9 percent, yet two years later PayPal reported 70 million incremental customers and lower service calls.

  • Profit Driven
    He is associated with a measurable approach to employee financial health. PayPal introduced the Net Disposable Income metric and moved hourly and entry-level U.S. employees from roughly 4 to 6 percent NDI in 2019 toward mid-teens by 2021, with a goal of at least 20 percent.

  • Crisis Response
    During the 2018-19 U.S. government shutdown, he initiated up to 500 dollar, interest-free advances to furloughed federal workers, committing up to 25 million dollars.

  • Telecom Expertise
    Schulman has prior P&L leadership in wireless at Virgin Mobile and Sprint’s prepaid unit, which gives him domain context for Verizon’s mobility and broadband markets.

Some interview excerpts:

  • On motion and risk: “There’s a philosophy in martial arts which is, ‘Never stand still’.”
  • On choosing the customer over margin: “If we really are going to be a customer champion, what we need to do is give customers choice.”
  • On short-term pain: “The day we announced it, our stock dropped 9 percent.”
  • On purpose: “Profit and purpose are fully linked together.”
  • On values: “Values can’t be propaganda. They have to be something that you not just say, but you do.”
  • On day-one priorities at Verizon: “Verizon is at a critical juncture. We have a clear opportunity to redefine our trajectory.” Also, “reduce our cost to serve, and optimize our capital allocation.”

Let's predict how he will lead at Verizon (guessing, but still):

  • Customer-first offers, simpler choices
    Expect emphasis on plan clarity, fewer gotchas, and tools that increase perceived value without price-only competition. This mirrors his “customer champion” approach that traded short-term margin for long-term engagement at PayPal.

  • Cost to serve and digital self-service
    His own language points to lowering cost to serve. Look for pushes in app experience, proactive care, and churn-reduction through analytics so service costs fall while NPS rises.

  • Growth (bundling + ecosystem expansion)
    At PayPal he broadened the platform with new features and Honey’s path-to-purchase data. At Verizon, comparable logic could show up as smarter bundles across mobility, home internet, and perks that deepen engagement rather than discounting alone.

  • Capital Mgmt
    Telecom is capital intensive. Expect tighter capital allocation guardrails that tie spend to measurable growth in market share and cash generation, consistent with his opening memo themes and the company’s reiterated 2025 guidance.

  • Workforce
    His record suggests a belief that better employee economics and inclusion improve outcomes. While Verizon’s footprint and labor mix differ from PayPal’s, watch for selective moves that support frontline productivity and retention.

  • Telecom operator basics + fiber execution
    Schulman inherits a network built during Vestberg’s 5G push and a pending 20 billion dollar Frontier acquisition aimed at fiber expansion. Expect a pragmatic focus on fiber passings, broadband adds, and unit economics while integrating the deal if it closes as planned.

  • Purpose/Pragmatism
    He is outspoken about acting on values. In a regulated, politically scrutinized sector, expect careful calibration so purpose initiatives remain tied to customer trust and operating results.

What to watch in the first 12 months

  • Postpaid phone net adds, phone churn, and ARPU trends vs AT&T and T-Mobile. Context: Verizon seeks to regain momentum in a highly competitive market.
  • Broadband and fixed wireless net adds, fiber build milestones tied to the Frontier integration timeline.
  • Cost-to-serve metrics and digital adoption rates following any app or care redesigns.
  • Signals on capital allocation and any portfolio or pricing simplifications in mobility and home.

You can use Google to find this:

  • Verizon announcement and Schulman’s day-one remarks.
  • Breaking coverage of his appointment and competitive context.
  • Customer Choice case and measured outcomes at PayPal.
  • Employee financial wellness program design and results.
  • 2019 shutdown advances for federal workers.
  • Honey acquisition rationale.
  • Earlier telecom roles and Sprint-Virgin Mobile deal context.
  • Background on education and early career.
  • Latest coverage on Schulman and Verizon.

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| 3531 views | | 3 replies (last October 7) | Reply
Post ID: @OP+1k6xt45cd

3 replies (most recent on top)

Eleven US lawmakers urged PayPal to end its ban on services for Palestinians in the West Bank and Gaza, calling it discriminatory while the platform serves Israeli settlers, and a shareholder proposal sought a non discriminatory access policy or an impact report. PayPal labels the territories high risk, operates in other conflict zones, and asked investors to vote against the proposal.

https://www.business-humanrights.org/en/latest-news/usa-congress-members-ask-paypal-to-end-ban-on-palestinian-business/

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Post ID: @da+1k6xt45cd

What was the controversy at paypal while he was ceo about???come on lets discuss lol lets see how they moderate the truth. Its only a google away who was shullman discriminating against it went all the way to congress. Ill grab my popcorn to see how they moderate facts to protect images

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Post ID: @cg+1k6xt45cd

as long as he keeps us in the 'no layoffs' zone i am all good.

i doubt it tho, especially given the cost cutting remarks above

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Post ID: @a3+1k6xt45cd

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