Layoff history

Verizon layoffs

3 announcements tracked18,500 jobs affected (reported)

  1. Layoff

    Cuts 500 jobs

    Verizon told employees it will sell 274 company-owned stores to franchise operators effective August 16, 2026 and eliminate about 500 corporate roles. The stores stay open under new owners.

  2. Layoff

    Cuts 13,000 jobs

    Verizon told staff via an internal memo that it would lay off more than 13,000 non-union employees, about 20% of its non-union management workforce, citing cost structure limits. The company also set up a $20 million reskilling and career transition fund.

  3. Layoff

    Cuts 5,000 jobs

    Verizon announced a restructuring that will cut nearly 5,000 jobs alongside a roughly $2 billion write-off expected in Q3 2024.