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Verizon to cut about 15,000 jobs as it restructures: Report
Verizon will cut 15% of its 100,000-strong workforce, mainly non-union managers, and franchise 200 stores to reduce costs amid growing competition, sources said.
- On 11/13/25, Verizon Communications announced plans to cut about 15,000 jobs, marking the largest workforce reduction in its history.
- Following Daniel Schulman's appointment in early October, Verizon initiated restructuring to reduce costs and reverse subscriber losses amid competition from AT&T and T-Mobile.
- Affecting about 15% of the workforce, the reductions target non-union management ranks, hitting more than 20%, while around 180 corporate-owned stores shift retail-store employees off Verizon's payroll.
- The cuts are expected to begin next week, Verizon's shares rose about 1.4% on the news, and Rich Young, spokesperson, said nothing has been finalized.
- Citing a multi-year overhaul, Schulman signaled large-scale changes ahead, saying `We will invest significantly across all elements of our marketing mix and customer experience to drive mobility and broadband growth, and we will fund these investments by aggressively reducing our entire cost base`, while Bertolini added `We believe that once we have that plan in place, we'll have a good story`.
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38 Articles
38 Articles
The largest telecommunications provider in the US is trying to reduce costs amid fierce competition in the mobile phone market.
Coverage Details
Total News Sources38
Leaning Left4Leaning Right7Center19Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
14%
C 63%
R 23%
Factuality
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