Based on news reporting.
Verizon Communications Inc. is considering laying off up to 20,000 employees as part of a restructuring plan under its new CEO. This potential workforce reduction is aimed at streamlining operations and improving efficiency within the company. While specific dates for the layoffs have not been announced, the decision reflects the company's ongoing efforts to adapt to changing market conditions. The exact locations and departments affected by these layoffs remain unspecified, but the move indicates a significant shift in Verizon's operational strategy.
Verizon Communications Inc. cut 20,000 jobs.
That is roughly 19.8% 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.
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Estimated figure based on news reporting. Not yet confirmed by Verizon Communications Inc..
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.