#workforcereduction

Apparently, there were some layoffs yesterday. Will it continue today and throughout the week or is that it?

November 19th has been confirmed as a Wednesday blood bath. Then later in the week, or the next week for a 2nd RIF round. I was told not just US staff either.

Bumping this from @we+1k9zcd9zv for important info.

Verizon's number of employees has been declining over the years. Here are the numbers:

• 2024: 99,600 employees, a 5.5% decrease from 2023
• 2023: 105,400 employees, a 9.99% decrease from 2022
• 2022: 117,100 employees, a 1.1% decrease from 2021
• 2021: 118,400 employees, a 10.44% decrease from 2020
• 2020: 132,200 employees, a 2.07% decrease from 2019
• 2019: 135,000 employees
• 2018: 144,500 employees
• 2017: 155,400 employees
• 2016: 160,900 employees
• 2015: 177,700 employees

The decline in employees is part of Verizon's restructuring efforts under new CEO Dan Schulman, aiming to reduce costs and improve competitiveness in the telecommunications market ¹ ² ³.

nterpublic Group (IPG) has reduced its workforce by 3,200 employees this year, including 800 in September. 2026 will be even worse. The folks running the company are clueless and there is a ton of greed. That's my opinion and I do not see things changing any time soon.

Everything is a guessing game at this point.

Customer service and store channels to get a complete overhaul with new leaders and possibly a lot less of them to flatten our business?

Pull back of vendor customer service? By how much?

Work visas to be cancelled?

200 stores will be going to indirect with less support. More to follow?

Value organization to be drastically trimmed and a single brand for all prepay? Total to be sold off?

VSP offered for anyone who wants it?

We will all know soon. Until then. Do your job well. Get your end of year performance documents ready. Stay focused.

Any teams from EDA affected? Anybody from Germany?

Heard the NRB is going to be hit off with the amount of excess engineers hanging around

The fifth round of layoffs since 2022 comes despite a net profit of about $39 million in the third quarter.

https://www.calcalistech.com/ctechnews/article/h1y4ejyg11g

100% confirmed through word of mouth and linked in posts.

Many Sr. Directors were axed today in retail and across other orgs. Everyone else impacted will be notified on Thursday. For Band 6 (Directors & ADs) employees that are impacted, I'd encourage you to take the package they're offering because there will be more cuts and the severance might be worse.

How much are 15k livelihoods worth to him?

So believe me when I tell you right now their going to give up about 200 corporate owned run retail stores to authorized retailers or close completely some locations,but over the next few years Verizon plans to have no corporate owned stores .All 3rd party sellers.I believe if your on the Verizon Wireless retail side start planning to get out . Even if you survive these Layoffs over the year or 2 .The end is near

Seems like there may be another round this week? Any news?

Big trouble for Dell right now as the AI oasis is an actual mirage. Severe cost cutting is about to happen with massive layoffs about to hit.

No specific date yet, but most teams have started to submit names for the early Q1 cut. Very frustrating to see that workforce cuts are proceeding despite a “great” Q3 earnings performance.

We're pulling in new grads left and right now, and that might be fine if the candidates were strong, but they're really not, and it makes the whole situation feel like a huge downgrade from when this place only hired top talent. With all the layoffs happening, it makes way more sense to bring back experienced people who already know the work or at least hire folks who actually understand what they're doing. Instead we're ending up with new hires who are completely lost and not remotely interested in learning, which helps no one and drags the rest of us down. At this point, a hiring freeze would probably be smarter than pretending this current approach is getting us anywhere.

https://www.youtube.com/watch?v=TpuvjxDNrXk

Most of the job cuts will come from Non-Union positions

The North Carolina-based book distributor Baker and Taylor LLC laid off 253 Illinois workers this month after announcing the closure of its Momence facility.

https://www.pjstar.com/story/news/state/2025/11/16/layoffs-ahead-for-over-1500-illinois-workers-heres-what-we-know/87233878007/

there is 15% cuts coming for feb for gp2025, promise due AI efficency. list is being prepared/finalized now...followed by more coming as part of WP closure

Usually, people are thinking about whether they'll survive within their team. These latest layoffs are about whether the entire team will survive or not. I've never been through anything like this in my life, and I've been working for nearly three decades. It's just on a whole new level.

But that’s just my impression. Not that it makes any real difference. Especially not for the people who just lost their jobs, and not for those of us left behind. I imagine the bleeding will continue.

Tis the season

Get ready boys because the layoffs will be coming to our area soon. Meanwhile, our union works against us. The girls from AT&T that run the union are helping them Find ways to get rid of all of us. The union is no longer an asset to us. CO techs, splicers, and anyone working outside plant tickets. Patty doesn’t care because she’s close to retirement anyway. She is an evil person.

This is absolute fact. They are working on the layoff plan right now.

Some in the room have adopted the attitude “just let me survive the Thursday cut and everything will be ok.”

Dan plainly stated “cost reductions will be a way of life for us here”. This is only the first wave. Don’t get comfortable even if you survive this first round. There absolutely will be more RIFs and/or VSPs in 2026 and beyond.

Not pessimistic, just facing realities of the times.

Some people might see that as a positive, but anyone who understands how crucial institutional knowledge is knows it’s a huge mistake to wipe out an entire generation of employees who helped build this company from scratch. The experience and history they carried cannot just be replaced overnight.

Verizon to cut 15,000 jobs as new CEO restructures company

Verizonplans to convert 180 of its company-owned stores to franchises as part of its downsizing efforts. This move is included in a larger strategy that involves cutting approximately 15,000 jobs, representing about 15% of its workforce.

Many managers and lower positions being cut. All over the glove.

https://youtu.be/OKgurZ0CRDE

President Donald Trump said he was “very much opposed” to last month’s controversial immigration raid at a Hyundai plant in Georgia, while South Korean President Lee Jae Myung warned the incident may hinder future U.S. factory construction.

Following urgent negotiations, the workers were returned to South Korea on a chartered flight. The operation, however, leaves the plant with a startup delay of two to three months. The setback comes as Seoul already faces 25% U.S. tariffs on automobiles, compared to 15% for Japanese and European competitors.

In a recent interview with Bloomberg, Lee said the treatment of the workers came as a surprise: “Many in Korea were surprised because our workers who went to the United States to help the U.S. with its manufacturing renaissance received irrational treatment.” He also characterized the experience as traumatic for both workers and their families, noting some that some no longer want to go back. “Unless we completely resolve this issue, I believe that they will not want to return,” he said.

In another thread someone said the field is being targeted with layoffs now? Can anyone verify this and how widespread it is?

Dell will need to keep laying more off by the thousands

Total head count by Q1 2026 will be over 35K employees accross whole company. That’s been confirmed by higher ups in my department.

They are mostly going after call centers and stores. AI implementation.

• Band 3 employee

https://www.reuters.com/business/verizon-cut-about-15000-jobs-wsj-reports-2025-11-13/

Uh oh...

If this is true, the impact could bring the whole company down. You can't just cut 15,000 people and hope the ship does not eventually sink....just sayin...

Many levels of IT management (Managers, Sr Managers, director) riffed today. Hard to say what comes next but it don’t look great for TMO employees

Most employees prob have an average of 3
Lines on their account. 15k layoffs equals losing -about 45k subscriber lines - and another bunch of home internet lines.

My Boss just told me it may not be over. Do they HAVE to wrap this up by a certain day? He said some things are in flux..... But I would be OK.

Strategy since TU acquired Neustar team to replace (cut) TU workforce. You dont know where you are heading; New tune now talking AI and so on. Prangana failed , OneDev 1.0 expired, One Tru & OneDev2.0 frozen; new tune AI 1.0
Soon dump stocks and then out of office.

My interpretation of the articles going around is that this is affecting “management” employees meaning HQ. Retail is its own thing and they are not categorized the same in the financials.

Retail moving to indirect and/or closing down will be its own thing.