Verizon CEO Dan Schulman says company is cutting 13,000 jobs
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In 2024, Verizon employed 1,520 people in Arizona. It's unclear how many will lose jobs in the company's layoffs.
10hon MSN
Verizon to Cut 13,000 Jobs, Set Up $20 Million “Reskilling” Fund for Laid Off Staff In “Age of AI”
The telcom giant becomes the latest to shed thousands of staff, but also sets up a training program for employees it is handing pink slips to.
In September, Verizon said it had around 100,000 full-time employees, so the layoffs constitute about 13 percent of the workforce. Over the previous three years, Verizon had cut about 20,000 jobs. Meanwhile, a $20 billion takeover of telecoms company Frontier Communications is set to close early next year.
MiBolsilloColombia on MSN
More than 13,000 Verizon workers face layoffs as cuts begin
Verizon is cutting more than 13,000 jobs—about 13% of its workforce—in its largest layoff ever, as new CEO Dan Schulman seeks to streamline operations and stay competitive.
The layoffs will affect about 20% of Verizon's non-union management, Verizon spokesperson Kevin Israel told USA TODAY.
Verizon is laying off more than 13,000 employees, as the telecommunications giant says it must “reorient” its entire company.
Verizon lays off 13,000 workers as CEO Dan Schulman warns that "every part of the company will experience some level of change."