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REPORTED · NEWSPublished Dec 10, 2025

Verizon Communications Inc. CEO Addresses Recent Layoffs

EMPLOYEES AFFECTED
1,000
SHARE OF WORKFORCE
~1.0%
EFFECTIVE DATE
Sep 30, 2023
1,000 OF 101,200 EMPLOYEES

What we know

Location: New York, NY, USA.

Based on news reporting.

Summary

Verizon Communications Inc. recently laid off approximately 1,000 employees as part of a restructuring effort. The company's CEO addressed the workforce, stating that these layoffs were inevitable due to the need for operational adjustments. The layoffs occurred at the end of September 2023, impacting various roles within the organization. This decision reflects Verizon's ongoing strategy to streamline operations and adapt to changing market conditions. The CEO emphasized the importance of these changes for the company's future stability and growth.

Verizon Communications Inc. cut 1,000 jobs as of September 30, 2023.

That is roughly 1% 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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SOURCE
News reporting
View original source ↗
V
Verizon Communications Inc.VZ
Communication Services · 101,200 employees
29
EVENTS TRACKED
168K
AFFECTED SINCE 2023
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CREATED DEC 10, 2025LAST UPDATED DEC 28, 2025