Business Wire
BusinessBoeing moves toward talks with Cathay Pacific on potential wide-body order of up to 50 jetsThe Apex TimesBusinessArista Networks emerges as the quiet “AI networking” alternative as data-center demand risesThe Apex TimesBusinessMastercard shares face a valuation debate after push into stablecoin-linked paymentsThe Apex TimesBusinessDow Jones futures slipped as Disney and Salesforce shares led a rebound; Tesla’s Roadster remained a market talking pointThe Apex TimesBusinessKFC’s Pepsi switch lands a symbolic blow to PepsiCo, analysts sayThe Apex TimesBusinessWalmart shares rise after Deutsche Bank upgrade lifts outlookThe Apex TimesBusinessTesla Energy Chief Mike Snyder Reportedly Leaves as Musk Emphasizes AI and RoboticsThe Apex TimesBusinessiPhone Duo Preorders Set to Start Friday, Stirring Fresh Questions About Apple’s Next-Phase Hardware PushThe Apex TimesBusinessIonQ leans into a broader “quantum ecosystem” strategy, drawing comparisons to Nvidia’s platform playbookThe Apex TimesBusinessGE Aerospace and Lockheed Martin headline contrasting growth narratives, as investors weigh defense backlog against commercial aviation demandThe Apex TimesBusinessPalantir moves AI onboarding into commercial banking with Customers Bank dealThe Apex TimesBusinessJamie Dimon warns markets face a “higher chance” of trouble than Wall Street expects, as JPMorgan reports revenue growthThe Apex TimesBusinessBoeing moves toward talks with Cathay Pacific on potential wide-body order of up to 50 jetsThe Apex TimesBusinessArista Networks emerges as the quiet “AI networking” alternative as data-center demand risesThe Apex TimesBusinessMastercard shares face a valuation debate after push into stablecoin-linked paymentsThe Apex TimesBusinessDow Jones futures slipped as Disney and Salesforce shares led a rebound; Tesla’s Roadster remained a market talking pointThe Apex TimesBusinessKFC’s Pepsi switch lands a symbolic blow to PepsiCo, analysts sayThe Apex TimesBusinessWalmart shares rise after Deutsche Bank upgrade lifts outlookThe Apex TimesBusinessTesla Energy Chief Mike Snyder Reportedly Leaves as Musk Emphasizes AI and RoboticsThe Apex TimesBusinessiPhone Duo Preorders Set to Start Friday, Stirring Fresh Questions About Apple’s Next-Phase Hardware PushThe Apex TimesBusinessIonQ leans into a broader “quantum ecosystem” strategy, drawing comparisons to Nvidia’s platform playbookThe Apex TimesBusinessGE Aerospace and Lockheed Martin headline contrasting growth narratives, as investors weigh defense backlog against commercial aviation demandThe Apex TimesBusinessPalantir moves AI onboarding into commercial banking with Customers Bank dealThe Apex TimesBusinessJamie Dimon warns markets face a “higher chance” of trouble than Wall Street expects, as JPMorgan reports revenue growthThe Apex TimesBusinessBoeing moves toward talks with Cathay Pacific on potential wide-body order of up to 50 jetsThe Apex TimesBusinessArista Networks emerges as the quiet “AI networking” alternative as data-center demand risesThe Apex TimesBusinessMastercard shares face a valuation debate after push into stablecoin-linked paymentsThe Apex TimesBusinessDow Jones futures slipped as Disney and Salesforce shares led a rebound; Tesla’s Roadster remained a market talking pointThe Apex TimesBusinessKFC’s Pepsi switch lands a symbolic blow to PepsiCo, analysts sayThe Apex TimesBusinessWalmart shares rise after Deutsche Bank upgrade lifts outlookThe Apex TimesBusinessTesla Energy Chief Mike Snyder Reportedly Leaves as Musk Emphasizes AI and RoboticsThe Apex TimesBusinessiPhone Duo Preorders Set to Start Friday, Stirring Fresh Questions About Apple’s Next-Phase Hardware PushThe Apex TimesBusinessIonQ leans into a broader “quantum ecosystem” strategy, drawing comparisons to Nvidia’s platform playbookThe Apex TimesBusinessGE Aerospace and Lockheed Martin headline contrasting growth narratives, as investors weigh defense backlog against commercial aviation demandThe Apex TimesBusinessPalantir moves AI onboarding into commercial banking with Customers Bank dealThe Apex TimesBusinessJamie Dimon warns markets face a “higher chance” of trouble than Wall Street expects, as JPMorgan reports revenue growthThe Apex TimesBusinessBoeing moves toward talks with Cathay Pacific on potential wide-body order of up to 50 jetsThe Apex TimesBusinessArista Networks emerges as the quiet “AI networking” alternative as data-center demand risesThe Apex TimesBusinessMastercard shares face a valuation debate after push into stablecoin-linked paymentsThe Apex TimesBusinessDow Jones futures slipped as Disney and Salesforce shares led a rebound; Tesla’s Roadster remained a market talking pointThe Apex TimesBusinessKFC’s Pepsi switch lands a symbolic blow to PepsiCo, analysts sayThe Apex TimesBusinessWalmart shares rise after Deutsche Bank upgrade lifts outlookThe Apex TimesBusinessTesla Energy Chief Mike Snyder Reportedly Leaves as Musk Emphasizes AI and RoboticsThe Apex TimesBusinessiPhone Duo Preorders Set to Start Friday, Stirring Fresh Questions About Apple’s Next-Phase Hardware PushThe Apex TimesBusinessIonQ leans into a broader “quantum ecosystem” strategy, drawing comparisons to Nvidia’s platform playbookThe Apex TimesBusinessGE Aerospace and Lockheed Martin headline contrasting growth narratives, as investors weigh defense backlog against commercial aviation demandThe Apex TimesBusinessPalantir moves AI onboarding into commercial banking with Customers Bank dealThe Apex TimesBusinessJamie Dimon warns markets face a “higher chance” of trouble than Wall Street expects, as JPMorgan reports revenue growthThe Apex Times
Back to front
Verizon CEO Dan Schulman says AI can replace much of customer service work
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 7, 1:28 AM EDT

Verizon CEO Dan Schulman says AI can replace much of customer service work

In unusually direct remarks to Bloomberg, Verizon’s chief executive described a hybrid future where AI handles routine requests while humans take on more complex cases - while acknowledging the workforce implications.

Verizon CEO Dan Schulman told Bloomberg that artificial intelligence could replace “a large percentage” of the company’s customer service work, arguing that executives “cannot honestly” claim AI won’t disrupt certain job functions. The comments come as telecom operators increasingly automate support and route customer requests through digital systems.

Schulman’s framing focused on work he described as repetitive and process-driven - such as password resets, billing questions, plan explanations and account changes - tasks that can be standardized into predictable decision flows. In his view, those requests are especially exposed because AI can address them faster and without the staffing constraints that come with peak contact volumes.

The CEO also emphasized that Verizon’s path is not fully automated. He described a hybrid model in which human workers remain responsible for more complex issues (including escalations and other judgment-heavy conversations), but AI absorbs a larger share of the front-line volume first. The practical effect, according to the report of his remarks, is that remaining customer service roles will change even if fewer positions remain.

The message lands after Verizon cut more than 13,000 employees in late November 2025 as part of a broader effort to reduce costs and simplify operations. The personnel impact gives the AI-and-jobs discussion added urgency for employees and labor stakeholders, while also setting up a debate about whether AI-driven productivity gains are being paired with meaningful transitions.

Verizon has said it created a $20 million Reskilling and Career Transition Fund for eligible employees departing the company. On its website, the company describes “free digital training and other resources,” including thousands of online courses across areas such as AI and data science, plus career support resources and a skill-certification pathway.

Verizon also publishes a “Responsible Artificial Intelligence” program outlining a risk-based approach to AI development, acquisition, deployment and use, including governance processes and principles covering privacy, technical robustness, transparency, and harm mitigation. Whether those policies translate into workforce protections at scale is likely to remain a central question as the company expands AI in customer-facing operations.

Why It Matters

  • Schulman’s blunt language may sharpen investor expectations that AI can reduce customer-service labor costs as automation expands.
  • The comments could intensify scrutiny of whether telecom automation improves customer outcomes or shifts frustration onto AI-driven self-service.
  • A hybrid staffing model implies organizational redesign: fewer front-line roles, with remaining work more focused on escalations and judgment.
  • Verizon’s stated reskilling efforts may become a benchmark - politically and operationally - for how large employers pair workforce reductions with transition support as AI adoption accelerates.

Sources

Key Facts

  • Verizon CEO Dan Schulman told Bloomberg that AI could replace a “large percentage” of Verizon customer service work.
  • Schulman said routine, repetitive customer requests are the most exposed work for automation.
  • He described a hybrid model: AI handles more standard requests while humans handle complex cases.
  • The remarks were reported in the wake of Verizon’s late-2025 reduction of more than 13,000 employees.
  • Verizon says it set up a $20 million Reskilling and Career Transition Fund for eligible departing employees, offering free digital training and other resources.
  • Verizon also maintains a published Responsible Artificial Intelligence program with risk-based governance principles.

Media & Telecom Related

Oct 15, 2:22 PM EDT
The Apex Times

Dividend-yield screen puts Verizon in focus versus Kraft Heinz

A new “high-yield dividend” comparison circulating on financial news sites highlighted Verizon’s dividend yield at about 6.8%, placing the telecom carrier in the same bucket as other higher-yielding large-cap stocks such as Kraft Heinz.

Dividend-yield screen puts Verizon in focus versus Kraft Heinz
The Apex Times
Verizon CEO Dan Schulman says AI can replace much of customer service work | The Apex Times