Based on news reporting.
Verizon Communications is undertaking aggressive, multi-phase workforce reductions as part of a $5 billion operating-expense savings target for 2026 under CEO Dan Schulman. The company initiated a major restructuring in November 2025 that eliminated more than 13,000 jobs, followed by several hundred additional U.S. job cuts in May 2026 and further layoffs reported on July 16, 2026. Management attributes the cuts to a broader effort to streamline operations, improve customer focus and capture AI-driven efficiency gains while protecting the company’s dividend and cash-flow profile. These reductions accompany other changes such as franchising roughly 200 stores and follow the integration of the Frontier Communications acquisition that closed in January 2026.
Verizon cut 13,000 jobs as of November 1, 2025.
That is roughly 9.6% of the 135,000 people Verizon employs.
LayoffTalk has tracked 7 layoff events at Verizon since November 2025, affecting a combined 16,500 employees.
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