U.S. wireless carrier Verizon announced Thursday that it will lay off more than 13,000 employees, marking the company’s largest single reduction in its workforce, as part of efforts to reduce costs and restructure operations, News.Az reports, citing Reuters. 

Verizon on Wednesday reported quarterly profit and wireless subscriber additions that exceeded Wall Street expectations, as promotions tied to recent iPhone launches helped the U.S. telecom giant attract more customers.

Verizon subscribers along the U.S. East Coast experienced widespread service disruptions early Friday morning.

Verizon customers across the U.S. experienced outages early Thursday, October 9, facing issues like "SOS" mode on phones, dropped calls, undelivered texts, and unstable Verizon Fios internet.

AST SpaceMobile announced on Wednesday a new deal with Verizon to provide direct-to-cellphone service from space starting next year.

Verizon announced on Monday that former PayPal executive Dan Schulman will take over as CEO, succeeding Hans Vestberg.