Verizon Communications may soon undergo a large-scale workforce shake-up, with reports suggesting that thousands of jobs could be eliminated in the coming months. The anticipated layoffs — possibly ranging between 10,000 and 15,000 positions — come at a critical time as rising costs and stiff competition challenge the telecom giant’s financial performance.
New CEO Dan Schulman is believed to be driving a strategic overhaul aimed at boosting efficiency and positioning Verizon for long-term growth. The company is focusing on digital-first operations, automation, and streamlined organizational structures to reduce overheads.
While Verizon has not officially confirmed the layoffs, industry watchers believe the decision reflects broader trends in the telecom sector, where companies are increasingly cutting costs to stay competitive in the evolving 5G era.
