Verizon: 3,000 jobs cut
Verizon announced the layoff of 3,000 employees as part of a strategic shift towards franchised retail operations and increased reliance on AI-powered customer service. This move is part of a broader cost-cutting initiative under CEO Dan Schulman, who has previously overseen significant workforce reductions.
Conservative
3,000
Core Estimate
3,000
Upper Bound
3,000
Sources
Verizon Cuts 3,000 Jobs, Transfers 274 Stores to Franchisees
Verizon Cuts 3,000 Jobs, Transfers 274 Stores to Franchisees S&P 500 6,287 +0.42% DOW 44,521 -0.18% NASDAQ 21,103 +0.71% ▲ S&P 500 +12.4% ▲ Briefs Finance Fund +24.8% JOIN THE FUND → # NEWS / Stock # Verizon Cuts 3,000 Jobs, Hands Over 274 Stores to Franchisees Published Jul 16, 2026 [tts_player] Share: ###### Summary: - About 3,000 Verizon employees at company-owned retail locations will lose their jobs. - Ownership of 274 stores is being transferred to independent franchise operat