Verizon Reduces Workforce by Hundreds in the US Following Recent Layoffs of 13,000 Employees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 57 minutes ago
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Source: Businessinsider
Job Cuts at Verizon: Verizon's CFO announced the company is "running leaner" after cutting 13,000 jobs in November, affecting less than 1% of its overall headcount, primarily at its New Jersey headquarters.
Ongoing Reductions: The recent job cuts follow a previous round of layoffs six months ago, with the company indicating that cost reductions will continue beyond 2026.
Impact of AI: Unlike other companies citing AI as a reason for job cuts, Verizon clarified that the latest layoffs were not driven by artificial intelligence, although AI is having a significant impact on the business.
Job Openings Available: Despite the layoffs, Verizon has over 1,000 job openings across the U.S., which affected employees are eligible to apply for.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
