Verizon: 500 jobs cut
Verizon announced plans to lay off approximately 500 corporate employees as part of its ongoing restructuring efforts. This follows a significant reduction of 13,000 jobs in the previous year. The layoffs were confirmed by a company spokesperson and are part of a strategy to enhance competitiveness in the telecommunications market.
Conservative
0
Core Estimate
25
Upper Bound
75
Sources
Verizon to Cut 500 Jobs, Sell 274 Stores
Verizon to Cut 500 Jobs, Sell 274 Stores https://mastodon.social/@BroadbandBreakfast WASHINGTON, July 16, 2026 – Verizon is set to lay off about 500 corporate employees, a spokesperson said Thursday. It’s the carrier’s latest round of layoffs under CEO Dan Schulman, after cutting a largest-ever 13,000 jobs last year and hundreds more in May. Barron’s reported Tuesday that the company was planning to announce a new round of layoffs this week. Learn about the 3-Part Preview of America250 / Tele