Tornado Alley (PROG)

[fuagf]

Trump admin. efficiency - lols - is encouraging others -- Verizon Confirms Mass Layoffs, Will Eliminate 13,000+ Jobs
Updated Nov 21, 2025

CEO Dan Schulman argues that complexity and friction within the organization were slowing it down and frustrating customers.

Jibin Joseph
Contributor

UPDATE: Verizon is set to lay off over 13,000 workers in the coming weeks as part of a cost-cutting and restructuring initiative.

"Today, we will begin reducing our workforce by more than 13,000 employees across the organization, and significantly reduce our outsourced and other outside labor expenses," newly appointed CEO Dan Schulman writes in a memo to employees that it also published online. "Every part of the company will experience some level of change."

Verizon had just over 100,000 employees as of Sept. 30, meaning the layoff will reduce the headcount by 13%.

Schulman says that the company's current costs and structure limit its ability to invest in its "customer value proposition." He also argues that complexity and friction within the organization were slowing it down and frustrating customers. In the last quarter alone, the company lost 7,000 postpaid customers, while rivals T-Mobile and AT&T made significant gains.

Verizon says it set up a $20 million fund focused on "skill development, digital training, and job placement" for the people it's laying off. It touted the fact that it's "the first company to set up a fund to specifically focus on the opportunities and necessary skill sets as we enter the age of AI," which is...an interesting way to spin things.

Those impacted in the US will be notified today, while those in other regions will be notified in the coming weeks, The Wall Street Journal reports.

Original Story (11/14):
Verizon could soon be the latest tech company to announce a mass layoff. The carrier will cut around 15,000 jobs next week, The Wall Street Journal reports.

https://au.pcmag.com/wireless-carriers/114314/verizon-confirms-mass-layoffs-will-eliminate-13000-jobs

Thanks, just a link would have saved me the time.