U.S. wireless carrier Verizon announced Thursday that it would cut a few hundred jobs nationwide as it continues efforts to revamp its operations.
A company spokesperson stated that as part of the overhaul, "we’re continuing to add headcount to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed." The reductions represent less than 1% of Verizon's overall headcount, which stood at around 90,000 employees as of late 2025.
The layoffs affect workers across the United States, with the largest concentration at the company's headquarters in Basking Ridge, New Jersey, and particularly among smaller business units. Verizon emphasized that these changes are targeted and not driven by artificial intelligence implementations.
This latest round follows a much larger reduction in November 2025, when Verizon eliminated more than 13,000 positions in its biggest single layoff event to date. That move came shortly after Dan Schulman became CEO and aimed to reduce costs amid competitive pressures in the telecommunications sector.
Verizon's chief financial officer, Anthony Skiadas, noted during a recent earnings call that the company is committed to "running leaner" with cost reductions expected to continue beyond 2026. The firm has reported progress in its turnaround efforts, including stronger first-quarter 2026 results, allowing more investment in areas like customer satisfaction and network expansion.
The telecommunications industry has seen ongoing workforce adjustments as companies adapt to technological shifts and market demands. Verizon's actions reflect a strategy to streamline operations while prioritizing growth in high-potential segments, such as 5G and broadband services.
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