Thread regarding Verizon Communications Inc. layoffs

Verizon's CEO practically told employees to worry about their jobs

Verizon CEO Hans Vestberg says that despite a small increase in headcount, job cuts will continue.

By Alan Friedman Published: Jul 23, 2025, 7:58 PM

Verizon CEO Vestberg says that Verizon will continue to cut its workforce
Vestberg told the analyst, ""The headcount – we have been very, very good, and it's going down all the time. So we have been very efficient in managing our resources."

Supino might have asked Vestberg about Verizon's hiring plans because of a slight increase in the headcount last quarter sequentially. But Vestberg's response was to indicate that Verizon is still in cost-cutting mode

With the $20 billion acquisition of broadband provider Frontier Communications about to close soon, Verizon has discussed synergies that it hopes will result in annual cost reductions of $500 million of more annually. The savings come from eliminating duplicate operations and jobs. Some of the jobs lost will come from the Frontier side, which is not such a shock considering that the company has laid off 5,300 people over the last four years reducing its headcount by 29% over those years.

That Verizon is more efficient now cannot be denied. In 2012, a year we discussed earlier in this article, Verizon took in $631,000 in revenue per employee. This has risen to $1.35 million in revenue generated by each Verizon employee.

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| 21371 views | | 51 replies (last October 29) | Reply
Post ID: @OP+1k1pw1h0n

51 replies (most recent on top)

verizon will be bankrupt in about 5 years,just sit and watch.you have the mickey mouse club running this company and many will suffer when the hammer drops,you will see

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Post ID: @e1+1k1pw1h0n

What he or they will not admit is that job cuts will be US only. They will claim it's either too hard or that attrition is high everywhere else and they don't need to cut from outside the US... It's all a song/dance, but any cut will always be on the US side.

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Post ID: @dx+1k1pw1h0n

@dm

Hans doesn’t need to fix Verizon—he’s already auditioning for his next gig. With the right scarf and a scripted soundbite, he’ll slide into a UN post like he’s the second coming of Olof Palme… minus the substance, plus the corporate buzzwords. Visionary? No. But he’s mastered the global executive charade: gut a company, cash the stock options, then rebrand as a statesman.

The board might still be clapping—but history’s already rolling its eyes.

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Post ID: @dr+1k1pw1h0n

You could just interview whichever McKinsey strategist you want that's led them to force reduction and a sub 50 stock price.

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Post ID: @dm+1k1pw1h0n

@d9

Verizon’s still out here pretending “efficiency” means vision, and “headcount going down” is some kind of brag. For those of us who left, it’s not a shock—it’s déjà vu. Same script, different quarter. Leadership keeps trimming teams like that’s the win, while culture, innovation, and morale bleed out quietly in the background.

We didn’t leave because we couldn’t take it—we left because we were done applauding layoffs disguised as progress. So when Hans flexes about the workforce “going down all the time,” he’s not proving anything except that the only thing moving at Verizon is the exit door.

We saw it. We called it. We walked. Mic dropped before it was fashionable.

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Post ID: @da+1k1pw1h0n

@OP

Verizon is financially stable and expanding its infrastructure through the Frontier deal. If you’re in network ops, enterprise tech, or finance tied to performance, there may be solid short-term roles.

But be aware: leadership is focused on cost-cutting, not innovation or talent development. Job security is limited, and internal culture reflects ongoing restructuring. Success depends on your ability to deliver fast in a lean, metrics-driven environment.

It’s stable—but not growth-focused. Enter with clear expectations.

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Post ID: @d9+1k1pw1h0n

Fight the man and join the 99% by calling in sick or using PTO on 9/9!

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Post ID: @cq+1k1pw1h0n

Offer a package and I will go. I won’t go without a package. I won’t leave knowing that I will be leaving money on the table.

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Post ID: @ca+1k1pw1h0n

Hans is a good dude.

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Post ID: @c2+1k1pw1h0n

Imagine how much revenue per employee would increase if they simply replaced our DEI and non-DEI executives with superior and far cheaper AI to make decisions and run things. Jobs that aren't physically hands-on can and should be replaced by robotics.

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Post ID: @bj+1k1pw1h0n

It's a selling point for the value of the company. If you haven't realized that his has been happening around you for years, you must be blind. I would rather them take this approach than the approach they took for years, which was never mentioning it. I also thinks it helps employees positioning when interviewing for their next job, once they are paid a severance to end their employment with VZ.

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Post ID: @aa+1k1pw1h0n

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