Verizon Cuts 15% of Workers

Verizon Communications is set to cut 15,000 jobs in the U.S., the largest reduction in its history, as part of a cost-reduction drive led by CEO Dan Schulman. The cuts, representing 15% of the workforce, will include direct layoffs and converting retail stores to franchises. The move aims to streamline operations and reverse recent performance declines amid increasing competition in the wireless and home-internet markets. Schulman emphasizes the need for a simpler, leaner business model to address subscriber losses and improve competitiveness.

Verizon is planning to cut about 15,000 jobs, a person familiar with the matter told Reuters. The layoffs are the largest ever for the wireless carrier and would impact about 15% of its workforce https://t.co/h1x2q1wVd7 pic.twitter.com/kQmYLNRSJK

— Reuters (@Reuters) November 13, 2025