Verizon CEO Dan Schulman Proposes Fortune 100 CEOs Pool $20-30 Million for Worker Reskilling
Dan Schulman, Verizon’s CEO since October 2025, called on Fortune 100 CEOs to contribute $20 million to $30 million each to a pooled fund aimed at reskilling workers displaced by AI. Verizon launched its own $20 million Reskilling and Career Transition Fund in November 2025 following 13,000 layoffs.
SemaforDan Schulman, who became Verizon’s CEO in October 2025, proposed that Fortune 100 CEOs each contribute between $20 million and $30 million to a pooled fund dedicated to worker reskilling. He made the proposal during the Semafor World Economy event in Washington, DC, on April 15, 2026.
Verizon had unveiled its own $20 million Reskilling and Career Transition Fund in November 2025 as a response to the impact of artificial intelligence on employment within the company.
The fund followed Verizon’s announcement of 13,000 layoffs in October 2025. In an October 2025 memo, Schulman expressed his intention to collaborate with other companies and government entities to address technology-driven workforce challenges. At the Semafor event, he stated, "My goal is to work with other Fortune 100 CEOs.
For all of us to put in 20, 25, 30 million dollars. " Schulman has advocated for combining private sector resources with public sector collaboration to manage workforce displacement caused by AI. Prior to becoming CEO, he served as Verizon’s lead independent director since 2024 and was a board member.
He retired as PayPal CEO in 2023 and initially declined the Verizon CEO position twice before accepting it in October 2025.
Story Timeline
5 events- 2026-04-15
Dan Schulman spoke at the Semafor World Economy event in Washington, DC, proposing pooled Fortune 100 CEO contributions for worker reskilling.
1 sourceSemafor - 2025-11
Verizon unveiled a $20 million Reskilling and Career Transition Fund.
1 sourceSemafor - 2025-10
Verizon announced 13,000 layoffs and Dan Schulman became CEO.
1 sourceSemafor - 2025-10
Dan Schulman issued a memo expressing intention to collaborate on technology-driven workforce challenges.
1 sourceSemafor - 2024
Dan Schulman served as Verizon’s lead independent director.
1 sourceSemafor
Potential Impact
- 01
Pooling resources from Fortune 100 companies could increase funding for worker reskilling programs.
- 02
Verizon’s layoffs and reskilling fund may set a precedent for other large companies facing AI-related workforce changes.
- 03
Collaboration between private sector and government may lead to coordinated responses to AI-driven job displacement.
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