Based on news reporting.
Verizon announced it is selling 274 retail stores and trimming its workforce, affecting nearly 3,000 employees. The move is part of a consolidation of store operations and an effort to reduce costs amid changing retail strategies. The article reports the cuts as already occurring in conjunction with the store sales rather than as a future plan. Verizon characterized the transactions as store divestitures that will lead to head-count reductions tied to the transferred locations. The company framed the action as an operational restructuring to streamline its retail footprint and adapt to market shifts.
Verizon Wireless cut 3,000 jobs as of July 1, 2024.
That is roughly 2.8% of the 108,500 people Verizon Wireless employs.
LayoffTalk has tracked 6 layoff events at Verizon Wireless since July 2024, affecting a combined 3,500 employees.
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