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)

Related Articles

December 2025 Layoffs Report: 35,553 Job Cuts Cap Record Year of 1.2 Million

December 2025 saw 35,553 job cuts announced, the lowest monthly total since July 2024. But the full-year total reached 1,206,374 layoffs, a 58% increase from 2024 and the highest since 2020. Q4 marked the worst fourth quarter since 2008.

January 9, 2026 • 8 min read •

layoffsDecember 2025

Salesforce Layoffs 2025: 4,000 Workers Cut as AI Replaces Customer Support

Salesforce CEO Marc Benioff announced that AI agents have replaced 4,000 customer support workers, cutting the support team from 9,000 to 5,000. A deep dive into the most transparent AI-driven layo…

January 7, 2026 • 8 min read •

Salesforce layoffsSalesforce layoffs 2025

2025 Layoffs Year in Review: 1.17 Million Job Cuts Reshape the American Workforce

A comprehensive analysis of 2025's historic layoff wave, examining 1.17 million announced job cuts across technology, logistics, telecommunications, and federal government sectors. Data-driven insi…

December 29, 2025 • 8 min read •

2025 layoffsyear in review

AI Is Replacing These Jobs Right Now: 2025 Data Reveals Which Roles Are Disappearing

AI displaced 2.4 million U.S. workers from 2020-2024, with another 1.1 million projected for 2025. Customer service sees 80% automation, Salesforce cut 4,000 support roles, and MIT projects 17.7 mi…

December 3, 2025 • 13 min read •

AI replacing jobsAI job displacement

The Job Market in 2026: What to Expect Based on 2025 Data

Employment volatility, AI disruption, and sector shifts in 2025 signal major changes ahead. Here's what workers should expect from the 2026 job market.

December 1, 2025 • 11 min read •

job market2026 forecast