Next week, Verizon is set to lay off about 15,000 employees which is roughly 15% of its workforce, marking the largest job cuts in the wireless carrier’s history as part of its ongoing restructuring. pic.twitter.com/fF4xey2NbH
— Breaking911 (@Breaking911) November 13, 2025
Verizon is planning to cut about 15,000 jobs in the telecommunications company’s largest-ever layoffs as part of a restructuring under its new CEO, a person familiar with the matter told Reuters on Thursday.
The layoffs, affecting about 15% of its workforce, are set to take place as soon as next week, the person said.
Verizon’s shares rose about 1.4% on the news. They have largely stagnated over the last three years, with a gain of 8% compared with the S&P 500’s near-70% rise.
https://www.fastcompany.com/91441513/verizon-job-cuts-15000-restructuring