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Verizon to Cut 15,000 Jobs in Historic Layoffs

11/13/2025

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Summary

Story summary

Verizon Communications Inc. will cut about 15,000 jobs starting next week to address competition, marking the largest reduction in its history.
The Wall Street Journal reports the layoffs aim to cut costs and address postpaid subscriber losses over the past three quarters.
Verizon plans to convert about 200 stores to franchised operations.
Verizon Communications Inc.'s CEO Daniel Schulman said cost reductions will be permanent.

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Story summary

Verizon Communications Inc. will cut about 15,000 jobs starting next week to address competition, marking the largest reduction in its history.
The Wall Street Journal reports the layoffs aim to cut costs and address postpaid subscriber losses over the past three quarters.
Verizon plans to convert about 200 stores to franchised operations.
Verizon Communications Inc.'s CEO Daniel Schulman said cost reductions will be permanent.