Verizon May Announce Additional Layoffs, Potential Cuts to 5G Enterprise Team
SOURCENews reportView the filing ↗
What we know
Department affected: 5G enterprise team.
Based on news reporting.
Summary
Verizon may be preparing another round of layoffs that a Barron’s report says will be announced on Thursday, July 24, 2026, though the scale of cuts was not disclosed. The company previously laid off 13,000 employees in November and cut 121 jobs in New Jersey in May as part of CEO Dan Schulman’s plan to reduce operating expenses and reshape the business. Reports also have suggested rumors of up to 25% cuts to Verizon’s 5G enterprise team as part of larger reductions. Schulman has tied part of the cost reductions to workforce cuts and created a $20 million Reskilling and Career Transition Fund to aid departing employees. Verizon is scheduled to report Q2 2026 results on July 24, when more details may be revealed.
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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