Verizon Communications Inc. | Layoff Event

Layoff Details

Reason

Verizon Communications Inc. is undergoing a significant restructuring under its newly appointed CEO (announced November 20, 2025). The company is cutting more than 13,000 jobs as part of a comprehensive efficiency drive following the completion of 5G network buildout, automation of customer service operations, and consolidation of retail locations. The restructuring aims to streamline operations and improve profitability in a maturing telecommunications market.

Affected Locations

US (nationwideparticularly impacting corporate-owned retail stores)US (nationwide)Corporate-owned retail stores (approximately 180-200 stores to be transitioned to franchised operations)

Affected Departments

Non-union management ranks (expected to affect over 20% of this segment)5G Acceleration (5GA) team (20-25% cuts rumored)Non-unionized positions across all segments

Stock Performance Around Layoff

Sources (5)

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