Location: New York, NY.
Department affected: Corporate.
Based on news reporting.
Verizon has announced new layoffs as part of its ongoing cost-cutting strategy that is expected to extend into 2026. While specific numbers of employees affected have not been disclosed, the company is implementing these layoffs to streamline operations and improve financial performance. The announcement comes amid broader trends in the telecommunications industry, where companies are adjusting their workforce to adapt to changing market conditions. Further details regarding the exact timing and scale of the layoffs are yet to be revealed.
Verizon Communications Inc. cut 1,000 jobs affecting its Corporate team.
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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Estimated figure based on news reporting. Not yet confirmed by Verizon Communications Inc..
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