Verizon preparing fresh layoffs as it pursues $5B operating-cost cuts
SOURCENews reportView the filing ↗
What we know
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
Verizon is reportedly preparing to announce another round of layoffs as part of a program to save $5 billion in operating expenses in 2026. The report, citing an anonymous Verizon employee and coverage by Barron's, says CEO Daniel Schulman has prioritized cost controls since taking the role in 2025 and indicated a “substantial portion” of the $5 billion target would come from workforce reductions. Details about the scale of the cuts, which teams or locations will be affected, and an exact headcount have not been disclosed. Employees and observers are awaiting a formal announcement expected on Thursday that could clarify how many jobs will be eliminated and which functions will face the reductions.
LayoffTalk has tracked 25 layoff events at Verizon Communications Inc. since September 2023, including 852 jobs documented in official WARN filings, with 20 additional events known from news reporting.
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