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Why not. Verizon can do anything at this point.
Well, those other companies are having at least a decent vision. Verizon? Nah. They've been making many stupid decisions for years, like buying and ending BlueJeans ($600M and more down the drain). So I'd not be surprised that they'd sell VZI out.
Rising Star
Well, you may get surprised. Verizon has done exactly that before. In 2018, they signed a $700M outsourcing deal with Infosys and rebadged/transitioned ~2,500 IT employees (including some in India) to Infosys as part of cost-cutting. Many FTEs got moved over, similar to what rumors are saying now.
They why do they most of the development outsourced to vendors? Employee can do it.