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Verizon to cut about 15,000 jobs as it restructures: Report
Verizon aims to cut 15,000 jobs, the largest in its history, to reduce costs and address subscriber losses amid rising competition in wireless and home internet services.
- Update 11/13/25: Verizon Communications plans to eliminate roughly 15,000 positions, the Wall Street Journal reports.
- Daniel Schulman, chief executive appointed in October, is reshaping Verizon to create a "simpler, leaner, and scrappier business," Verizon chairman Mark Bertolini said Schulman aims to revive the company after prior share losses.
- Most of the cuts will be carried out as direct layoffs targeting non-union management ranks, and about 200 retail locations will be franchised, moving those employees off Verizon's payroll.
- The reductions would mark the largest workforce cutback in Verizon Communications' history and are expected to roll out over the coming week, with about 100,000 employees as of February.
- Facing stiff competition and subscriber losses, the company says cuts aim to reduce costs and reverse losses as Verizon has lost postpaid phone subscribers for three straight quarters, Schulman said last month.
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17 Articles
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New York, Nov 13 (EFE).- The telecommunications giant Verizon plans to cut some 15,000 jobs to cut costs, according to The Wall Street Journal (WSJ) this Thursday. The newspaper, which cites well-known sources of the issue, points out that Verizon plans to carry out these cuts next week, in the face of growing competition in the wireless and home internet services sector (such as fiber optics). These would be the biggest cuts in Verizon’s histor…
The Group is struggling with increasing competition from AT&T and T-Mobile US. It is not the first major job loss in the Group.
·Vienna, Austria
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right5Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 33%
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