Verizon Cuts Nonunion Workforce by 20% Amid Cost-Cutting Efforts
SOURCENews reportView the filing ↗
What we know
Location: United States.
Department affected: Nonunion workforce.
Based on news reporting.
Summary
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.
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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