TNB Tech Minute: Verizon Begins its Largest-Ever Round of Layoffs

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 20 November 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus: Investors breathe a sigh of relief after Nvidia reports record sales. And Major League Baseball signs new rights deals with ESPN, NBCU, and Netflix. Zoe Kuhlkin hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Harry.
0:00.7	Hello mate.
0:01.5	Got any tips for the football?
0:02.8	Your best bet is to head over to Bet Victor.
0:04.9	They're giving new customers a terrific welcome offer. If you bet a minimum of £10, they'll give you £30 in three bets. Oh, that's a steel of a deal. It's a good darn deal that'll make your squirrel for real. Neil? My name's not Neil. I know, bet it rhymes. Listen to Harry and make your best bet on the football at Betvictor.
0:23.4	18 plus opt in best bet on the football at BetVictor.
0:23.3	18 plus opt in and bet on any football marketing at odds of evens or greater no, cash out seven-day expiry terms and conditions apply.
0:29.0	Gamblerware.org.
0:31.9	Here's your morning, TNB Tech Minute for Thursday, November 20th.
0:35.8	I'm Zoe Colkin for the Wall Street Journal.
0:39.0	Verizon will begin notifying employees today if they are affected by its largest ever round of
0:43.9	layoffs. That's according to an all-stop email sent by the company's chief executive and viewed
0:49.0	by the Wall Street Journal. Verizon plans to lay off more than 13,000 employees in an effort to aggressively reduce their
0:56.5	entire cost base. Also in the email, the CEO announced a $20 million re-skilling and career
1:02.9	transition fund for employees who are leaving, aimed at preparing them for the age of artificial
1:08.2	intelligence. After Nvidia reported record sales and strong guidance
1:13.4	yesterday, investors worried about the intense pace of the AI boom can now breathe a sigh of relief.
1:19.6	NVIDIA is often thought of as a bellwether for both the health of the tech industry and the market as a
1:24.7	whole, and this quarter the stakes seemed higher. Rarely has an earnings
1:28.8	report from a single company been greeted with such nervous anticipation, as investors have
1:33.6	sold off big tech names in recent weeks. The results appear to be soothing those jitters. Shares
1:38.8	rose about 5% in pre-market trading today. And Major League Baseball has completed new three-year media rights
	...

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