Massive Shakeup: Verizon Confirms 13000 Layoffs

Verizon’s "Stronger" Vision: 13,000 Jobs Vanish in 2025

Hold on to your headsets, Verizon employees. The telecom giant just dropped a bombshell: over 13,000 positions are getting axed in 2025. No department is safe as CEO Dan Schulman wields the budget cleaver in the name of "building a stronger Verizon." But is "stronger" just code for leaner, meaner, and missing a whole lot of faces? The move includes slashing outsourcing and external labor, painting a picture of a company pulling back to hunker down for an uncertain future.

Verizon announces 13,000 employee layoffs for 2025

Verizon’s shedding weight, and it’s not just holiday pounds. One store closes, while a whopping 179 company-owned locations morph into franchises. This follows September’s headcount of 100,000 full-time employees, making the announced 13,000 layoffs a significant 13% slice of the workforce. The news arrives barely a week after reports surfaced of 15,000 job cuts as part of a larger cost-cutting strategy. Zooming out, this isn’t a new trend; Verizon’s trimmed roughly 20,000 positions in the last three years alone.

Verizon is poised for a dramatic transformation. Forget baby steps – according to Dan Schulman’s recent earnings call, bold moves and "fiscally responsible action" are the name of the game as the company aims to redefine its future. This isn’t about tinkering around the edges; Verizon’s charting a completely new course.

The company is establishing a $20 million transition fund

"The company’s latest restructuring isn’t about cuts; it’s a strategic shedding of excess weight, according to Schulman, to unleash a laser focus on the customer. Imagine a Verizon unburdened by internal complexities, a Verizon that anticipates your needs before you even voice them. That’s the vision Schulman paints: a streamlined operation, eliminating friction points and empowering teams to deliver unparalleled value. This isn’t just about efficiency; it’s about building a Verizon that’s faster, stronger, and relentlessly proactive in serving its customers."

Verizon is softening the blow of recent layoffs with a $20 million reskilling and career transition fund. Recognizing the seismic shift AI is creating in the job market, Verizon is proactively equipping its displaced employees with the tools they need to thrive in this new era. This bold move positions Verizon as a leader, demonstrating a commitment to its workforce even as it restructures for the future.

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