Politically, I agree with you, but your comment is akin to when republicans blast global warming when a snow storm blows in. Pointing to a single data point as a summary of something super complex is always silly.
Still the economy is going in an upward direction, and Verizon isn't shrinking. Why are they laying off 10K people?
In a more practical consideration, they're very likely going to need less people going forward because they're going to keep losing market share to a more nimble competitor. They'd be the last to admit that of course.