I did a little work as a developer for Verizon's ecosystem back in 2007. Let me just say, from what I could see, they were a huge, bureaucratic company without a single redeeming cultural trait. The managers seemed like a bunch of frat boys who had been raised up into positions of authority through some inscrutable lottery, and none of them seemed to possess an iota of analytical capability or human management talent…
Verizon Labs is however, Verizon's play for Silicon Valley talent and they seem very aware that you need a certain kind of culture, perks, amount of autonomy etc. to compete in that market. I'm quite enjoying my time here.