Verizon layoffs, biggest in years? More than 13,000 jobs to be cut as the company undergoes major restructuring

Verizon layoffs 2025: Verizon Communications is preparing for its largest job cuts in years, with over 13,000 positions to be eliminated as part of a major restructuring. The US wireless carrier also plans to franchise 179 retail stores and close one. CEO Dan Schulman cited the need to simplify operations and reduce costs to improve customer value and regain leadership.