- 15,000 Verizon employees may very well be vulnerable to newest job cuts
- Verizon has a (comparatively) new CEO on the helm, driving price slicing
- ‘Aggressive’ transformations to tradition, prices and funds have been promised
Verizon is anticipated to quickly minimize round 15,000 jobs, the equal of about 15% of its whole workforce, stories from the Wall Road Journal have claimed.
The cuts would primarily goal non-union administration and would additionally embrace changing as much as 200 company retail shops into franchised shops.
The WSJ report claims layoffs might start as quickly as subsequent week, nonetheless the corporate is but to formally affirm whether or not that is the case.
Verizon might lay off 15% of its employees
Dan Schulman was appointed the corporate’s new CEO in October 2025, with a historical past that features a nine-year stint at PayPal CEO between 2014 and 2023 and positions at AT&T, Virgin Cellular USA and Dash Nextel (earlier than it was acquired by T-Cellular).
Schulman has been spearheading additional cost-cutting measures on the firm within the wake of comparable strikes by different tech giants.
Apart from going through sturdy competitors from rival community suppliers and cable corporations, Verizon has additionally struggled with slowing subscriber progress. In Q3 2025, it solely added 44,000 postpaid subscribers (far lower than rivals), and it additionally misplaced 7,000 postpaid connections.
Verizon share costs are simply two-thirds of what they have been 5 years in the past, however costs did rise considerably following the report breaking.
Talking concerning the firm’s most up-to-date earnings, Schulman famous: “We’re going to take daring and fiscally accountable motion to redefine Verizon’s trajectory at this important inflection level for our firm.”
“We are going to aggressively rework our tradition, our price construction, and the monetary profile of Verizon so as to put our prospects first, compete successfully, and ship sustainable returns for our shareholders.”
This wouldn’t be the primary time Verizon has let hundreds of employees go. Round 20,000 staff left over a three-year interval within the runup to 2020, 4,800 in 2024 and 10,400 in 2018 (per Reuters).
TechRadar Professional requested Verizon to substantiate whether or not it has plans to put off extra employees – we didn’t obtain a direct response.
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