Based on news reporting.
Verizon, America's largest telecom company, has announced plans to cut 13,000 jobs as part of its restructuring efforts. This decision comes in response to ongoing challenges in the telecommunications industry and aims to streamline operations. The layoffs are expected to impact various departments across the company, although specific locations and departments have not been detailed. CEO Dan Schulman communicated this decision in an internal memo, emphasizing the need for the company to adapt to changing market conditions. The layoffs are part of a broader strategy to enhance efficiency and reduce costs in a competitive environment.
Verizon Communications Inc. cut 13,000 jobs.
That is roughly 12.8% 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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