AP News
Title: Verizon is cutting more than 13,000 jobs as it works to 'reorient' entire company
URL: https://apnews.com/article/verizon-layoffs-economy-jobs-1aa299fc28b8e7211188f9b084d1048c
Verizon is cutting more than 13,000 jobs, representing about 20% of its management workforce, as new CEO Dan Schulman seeks to reduce costs and refocus the company on customer experience. The layoffs, which began November 20, 2025, are the largest in company history and come as Verizon faces intense competition from AT&T and T-Mobile.
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CNBC
Title: Verizon cutting more than 13,000 jobs as it restructures
URL: https://www.cnbc.com/2025/11/20/verizon-cutting-more-than-13000-jobs-as-it-restructures-.html
Verizon announced it will lay off more than 13,000 workers and convert 179 corporate stores to franchises as part of a major restructuring under CEO Dan Schulman. The company lost 7,000 postpaid subscribers in Q3 while competitors AT&T and T-Mobile posted gains, prompting the need for operational changes.
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The Wall Street Journal
Title: Verizon Begins Laying Off More Than 13,000 Employees
URL: https://www.wsj.com/business/telecom/verizon-begins-laying-off-more-than-13000-employees-b227641f
Verizon began notifying employees Thursday of layoffs affecting more than 13,000 workers, marking the carrier's largest-ever job reduction. CEO Dan Schulman said the cuts are necessary to address the company's cost structure and reverse recent customer losses to competitors.
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The Hill
Title: Verizon laying off more than 13,000 workers
URL: https://thehill.com/homenews/5615298-verizon-layoffs-13000-workers/
Verizon is laying off more than 13,000 workers to trim costs and increase investments, according to CEO Dan Schulman. The cuts represent 20% of the workforce and come as the company lost 7,000 net postpaid phone connections while rivals gained subscribers.
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The Verge
Title: Verizon is laying off over 13,000 workers
URL: https://www.theverge.com/news/824970/verizon-layoffs-13-percent-employees
Verizon is preparing to lay off more than 13,000 employees, or about 13% of its workforce, as part of plans to cut costs and "reorient" around customers. The company will offer a $20 million reskilling fund for impacted workers while also franchising 180-200 stores.
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Bloomberg
Title: Verizon Cuts Nonunion Workforce 20% in Cost-Slashing Campaign
URL: https://www.bloomberg.com/news/articles/2025-11-20/verizon-cuts-nonunion-workforce-20-in-cost-slashing-campaign
Verizon announced layoffs that will shrink the company's nonunion workforce by up to 20%, affecting more than 13,000 employees. New CEO Dan Schulman, who took over in October after two consecutive quarters of subscriber losses, promised a "simpler, leaner and scrappier" business.
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USA TODAY
Title: Verizon laying off more than 13,000 non-union employees, CEO says
URL: https://www.usatoday.com/story/money/2025/11/20/verizon-employee-layoffs/87371341007/
Verizon is laying off more than 13,000 employees due to "cost structure limits," impacting roughly 20% of non-union management. CEO Dan Schulman established a $20 million Reskilling and Career Transition Fund for those affected by the layoffs.
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CBS News
Title: Verizon CEO Dan Schulman says the company is cutting 13,000 jobs
URL: https://www.cbsnews.com/news/verizon-layoffs-13000-job-cuts-ceo-dan-schulman/
Verizon CEO Dan Schulman announced the company is cutting 13,000 employees, or about 13% of its workforce, as it seeks to slash costs and restructure operations. Schulman said the current cost structure limits the company's ability to invest in its customer value proposition.
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Business Insider
Title: Verizon says it will lay off 13,000 workers as its new CEO seeks a 'faster and more focused' company. Read the full memo
URL: https://www.businessinsider.com/verizon-layoffs-13000-workers-job-cuts-dan-schulman-ceo-message-2025-11
Verizon plans to lay off 13,000 employees as new CEO Dan Schulman seeks a "faster and more focused" company through cost reductions. Schulman became CEO last month and has said he wants to create a "simpler, leaner, and scrappier" company after worse-than-expected quarterly earnings.
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Reuters
Title: Verizon cutting more than 13,000 jobs as it restructures
URL: https://www.reuters.com/business/world-at-work/verizon-cutting-more-than-13000-jobs-it-restructures-2025-11-20/
Verizon will cut more than 13,000 jobs in its largest single layoff, while converting 179 corporate-owned retail stores to franchises. The wireless carrier faces mounting market pressure with a shrinking pool of new customers as rivals offer cheaper plans and cable operators enter the market.
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Barron's
Title: Why Verizon Is Firing 13,000 Employees, in the Company's Own Words
URL: https://www.barrons.com/articles/verizon-job-cuts-stock-ceo-letter-e2efc20c
Verizon CEO Daniel Schulman announced over 13,000 employee layoffs in an email to staff, saying the company needs to "reorient" and change its cost structure to invest in market leadership. The cuts represent the largest layoff in company history, coming after Verizon lost 7,000 retail postpaid phone customers in the third quarter.