Based on news reporting.
Verizon Communications Inc. has announced plans to cut 15,000 jobs as part of a restructuring strategy aimed at improving operational efficiency. Additionally, the company intends to transition 200 of its stores to franchise operations. These layoffs are part of a broader effort to streamline the business and adapt to changing market conditions. The specific timeline for these job cuts has not been disclosed, but the company is actively working on implementing these changes. This move reflects Verizon's response to ongoing challenges in the telecommunications industry.
Verizon Communications Inc. cut 15,000 jobs.
That is roughly 14.8% 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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Estimated figure based on news reporting. Not yet confirmed by Verizon Communications Inc..
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