Verizon Plans Up to 20,000 Job Cuts Under New CEO
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
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, including 852 jobs documented in official WARN filings, with 24 additional events known from news reporting.
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