In a major development that has sent shockwaves across the telecom industry, Verizon is reportedly evaluating plans to lay off thousands of employees as part of a companywide restructuring. Early estimates indicate that the cuts could impact up to 15,000 jobs, making this one of the biggest workforce reductions under new leadership.
CEO Dan Schulman, who recently took charge, is focusing on improving Verizon’s operational efficiency and profitability. With increasing market competition, declining subscriber additions, and mounting 5G expenses, Verizon is under pressure to optimize its cost structure.
As discussions continue internally, employees across various departments remain on edge. Analysts say these layoffs could reshape not just Verizon’s organizational structure, but also the employment landscape in the US telecom industry.
