Verizon to cut 17,000 jobs under $5B cost-savings plan
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Verizon announced a workforce reduction affecting 17,000 employees as part of a broader $5 billion cost-savings initiative tied to its Q2 forecast. The company linked the job cuts to efforts to streamline operations and reduce expenses amid its financial guidance for the quarter. The article presents the 17,000 headcount reduction alongside Verizon's Q2 revenue and EPS outlook, signaling the layoffs are a significant part of the company's restructuring and cost-management plan. No specific locations, departments, or exact implementation dates were provided in the article.
Verizon Communications Inc. cut 17,000 jobs as of November 19, 2025.
That is roughly 16.8% 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.
Comments (0)
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.
Affected by this?
Share your story anonymously — it helps others reading this feel less alone.
Share your story →More layoffs at Verizon Communications Inc.
Recent tracked events at this company.