Don’t miss the full story, whose reporting from Wyatte Grantham-Philips at The Associated Press is the basis of this AI-assisted article.
Verizon is cutting more than 13,000 jobs, representing about 20% of its management workforce, as new CEO Dan Schulman seeks to reorient the telecommunications giant amid rising competition and the need to improve customer experiences.
Some key facts:
• The layoffs affect approximately 20% of Verizon’s nonunionized management workforce.
• Schulman, who took the position last month, announced the cuts began Thursday.
• Verizon had nearly 100,000 full-time employees as of the end of last year.
• This represents the largest-ever round of layoffs in Verizon’s history.
• The company posted Q3 2025 earnings of $4.95 billion with $33.82 billion in revenue.
• Verizon lost a net 7,000 postpaid connections in the third quarter despite prepaid subscriber growth.
• The company faces increasing competition from AT&T, T-Mobile and other major telecommunications players.
• Verizon has established a $20 million “Reskilling and Career Transition Fund” for departing workers.
READ MORE: Verizon is cutting more than 13,000 jobs as it works to ’reorient’ entire company
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