A specific layoff date has not been disclosed.
Based on news reporting.
Verizon is considering laying off up to 20,000 employees as part of a restructuring plan initiated by its new CEO. This potential workforce reduction reflects the company's efforts to streamline operations and adapt to changing market conditions. While specific details regarding the timing and locations of these layoffs have not been disclosed, the announcement indicates a significant shift in Verizon's operational strategy. The company aims to enhance efficiency and competitiveness in the telecommunications sector, which has faced various challenges recently.
Verizon Communications Inc. cut 20,000 jobs.
That is roughly 19.8% 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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