Verizon is laying off over 13,000 workers

• Verizon confirms plans to lay off more than 13,000 workers
• New CEO Dan Schulman wants to improve operational efficiency
• The company also has a new Chief Transformation Officer

Shortly after rumors began circulating that Verizon would be announcing major job cuts, the company has indeed confirmed mass layoffs, set to affect around 13,000 workers (or 13% of the firm’s headcount).

Verizon CEO Dan Schulman, who was only appointed to the role in October 2025, confirmed the changes in an open letter to workers, describing it as an opportunity for the company to better meet customer needs and strengthen its position in the market.

Schulman explained Verizon operations must be simplified to remove complexity, adding that outsourced labor would also be significantly cut.

Verizon will cut over 13,000 workers ...