Verizon is preparing to lay off more than 13,000 employees, or about 13 percent of its workforce. In a message to employees, Verizon CEO Dan Schulman says that the reductions come as part of plans to cut costs and “reorient” the company “around delivering for and delighting our customers,” as first reported by The Wall Street Journal.

The company reported having around 100,000 full-time employees in September. Schulman writes in the memo that Verizon plans to “significantly reduce our outsourced and other outside labor expenses.” Verizon appointed Schulman — who previously headed up PayPal — as CEO last month as the company begins its “next phase” of growth.

“As a customer-first culture, we have to align our teams and resources to create new value for customers and build a faster, strong

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