- 15,000 Verizon workers could be at risk of latest job cuts
- Verizon has a (relatively) new CEO at the helm, driving cost cutting
- “Aggressive” transformations in culture, costs and finances have been promised.
Verizon is expected to cut about 15,000 jobs soon, the equivalent of about 15% of its total workforce, the report reports. Wall Street Journal have claimed.
The cuts would primarily target non-union management and would also include converting up to 200 corporate retail stores to franchise stores.
He WSJ The report claims that layoffs could begin next week, however, the company has not yet formally confirmed whether this is the case.
Verizon could lay off 15% of its workers
Dan Schulman was named the company’s new CEO in October 2025, with a track record that includes a nine-year stint as CEO of PayPal from 2014 to 2023 and positions at AT&T, Virgin Mobile USA and Sprint Nextel (before it was acquired by T-Mobile).
Schulman has been spearheading new cost-cutting measures at the company in the wake of similar moves by other tech giants.
In addition to facing stiff competition from rival network providers and cable companies, Verizon has also struggled with slowing subscriber growth. In the third quarter of 2025, it only added 44,000 postpaid subscribers (much less than its rivals) and also lost 7,000 postpaid connections.
Verizon’s stock prices are only two-thirds of what they were five years ago, but prices rose a bit after the report came out.
Speaking about the company’s most recent earnings, Schulman noted, “We will take bold, fiscally responsible steps to redefine Verizon’s trajectory at this critical inflection point for our business.”
“We will aggressively transform our culture, our cost structure and Verizon’s financial profile to put our customers first, compete effectively and deliver sustainable returns for our shareholders.”
This wouldn’t be the first time Verizon has laid off thousands of workers. Around 20,000 employees left in a three-year period before 2020, 4,800 in 2024 and 10,400 in 2018 (for PakGazette).
TechRadar Pro We asked Verizon to confirm whether it plans to lay off more workers; We did not receive an immediate response.
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