Verizon to Cut About 15,000 Jobs as New CEO Dan Schulman Accelerates Restructuring—Retail Franchising and Management Layoffs Could Begin Next Week
Published: November 13, 2025 Verizon Communications is preparing its largest workforce reduction on record, planning to eliminate roughly 15,000 positions—about 15% of its staff—as part of a sweeping restructuring under newly appointed Chief Executive Dan Schulman. The move is aimed at lowering costs and reversing subscriber erosion in a maturing U.S. wireless market. Verizon shares ticked higher on the reports. Reuters+1 What’s happening now People familiar with the plan say announcements could come as soon as next week. The cuts are expected to land primarily on non‑union management ranks, affecting more than 20% of that group. Several dozen company‑owned retail