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Verizon Sells 274 Stores, Cuts 500 Jobs, Launches No-Fee Plans

7/17/2026

42 5 Full Breakdown

Summary

Story summary

Verizon, led by CEO Dan Schulman, will sell 274 retail locations and cut 500 corporate jobs, affecting 3,000 employees, effective August 16.
Verizon will keep 1,000 stores, with 70% of workers at the sold sites moving to six franchise operators running 5,000 stores.
Verizon will launch plans with no activation or upgrade fees, a loyalty program, and a joint venture with AT&T and T-Mobile to close rural coverage gaps.

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Story summary

Verizon, led by CEO Dan Schulman, will sell 274 retail locations and cut 500 corporate jobs, affecting 3,000 employees, effective August 16.
Verizon will keep 1,000 stores, with 70% of workers at the sold sites moving to six franchise operators running 5,000 stores.
Verizon will launch plans with no activation or upgrade fees, a loyalty program, and a joint venture with AT&T and T-Mobile to close rural coverage gaps.