- 15,000 Verizon workers could be at risk from the latest job cuts
- Verizon has a (relatively) new CEO at the helm driving cost-cutting
- ‘Aggressive’ transformations to culture, costs and finances have been promised
Verizon is expected to cut about 15,000 jobs soon, or about 15% of its total workforce, reports from The Wall Street Journal have claimed.
The cuts will primarily target non-professional management and will also include the conversion of up to 200 business retail stores to franchise stores.
The WSJ The report claims layoffs could begin as early as next week, but the company has yet to formally confirm whether this is the case.
Verizon could lay off 15% of its employees
Dan Schulman was named the company’s new CEO in October 2025, with a history that includes a nine-year tenure as PayPal CEO between 2014 and 2023 and positions at AT&T, Virgin Mobile USA, and Sprint Nextel (before it was acquired by T-Mobile).
Schulman has spearheaded further cost-cutting measures at the company in the wake of similar moves by other tech giants.
In addition to facing strong competition from rival network providers and cable companies, Verizon has also struggled to slow subscriber growth. In Q3 2025, it added only 44,000 postpaid subscribers (far fewer than competitors) and also lost 7,000 postpaid connections.
Verizon stock prices are only two-thirds of what they were five years ago, but prices rose somewhat after the report broke.
Speaking about the company’s latest earnings, Schulman noted, “We will take bold and fiscally responsible actions to redefine Verizon’s trajectory at this critical juncture for our business.”
“We will aggressively transform our culture, our cost structure and the financial profile of Verizon to put our customers first, compete effectively and deliver sustainable returns to our shareholders.”
This wouldn’t be the first time Verizon has let thousands of workers go. Around 20,000 employees remaining over a three-year period until 2020, 4,800 in 2024 and 10,400 in 2018 (per Pakinomist).
TechRadar Pro asked Verizon to confirm whether it plans to lay off more employees – we did not receive an immediate response.
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