Location: United States.
Department affected: Nonunion workforce.
Based on news reporting.
Verizon Communications Inc. has announced a significant reduction in its nonunion workforce, cutting approximately 10,000 jobs, which represents a 20% decrease. This move is part of a broader cost-cutting campaign aimed at improving the company's financial performance. The layoffs are expected to impact various locations across the United States, focusing on nonunion positions. The decision comes as Verizon seeks to streamline operations and respond to changing market conditions. The company has not specified a particular date for the layoffs, but they are part of an ongoing restructuring effort.
Verizon Communications Inc. cut 10,000 jobs affecting its Nonunion workforce team as of October 1, 2023.
That is roughly 9.9% of the 101,200 people Verizon Communications Inc. employs.
LayoffTalk has tracked 29 layoff events at Verizon Communications Inc. since September 2023, affecting a combined 53,161 employees.
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