Verizon Cuts 13K Jobs, Streamlines Operations

Verizon, the telecommunications giant, is undergoing a significant transformation, announcing over thirteen thousand job cuts. This strategic move aims to streamline operations and enhance customer experience, as the company faces stiff competition in the wireless phone and home internet markets. The layoffs, which began on Thursday, are part of a broader plan to reduce external labor expenses and simplify operations. Despite reporting nearly five billion dollars in profit and over thirty-three billion dollars in revenue in the third quarter of 2025, Verizon also reported a net loss of seven thousand postpaid connections. This round of layoffs marks the largest in the companys history, following a trend seen across various sectors, including Amazon, UPS, and Nestlé. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.