Overview
- Multiple outlets report Verizon is preparing its largest reduction to date, with about 15,000 positions to be cut as soon as next week.
- The reductions will concentrate on non-union management, with more than 20% of that group affected out of a roughly 100,000‑employee U.S. workforce.
- Around 180 to 200 company-owned retail locations are slated to become franchises, moving those workers off Verizon’s payroll.
- Schulman has signaled a multi‑year cost transformation, saying Verizon must become simpler, leaner and scrappier as growth in postpaid subscribers slows and rivals step up promotions.
- Verizon has not detailed the final scope or timing, and some reports say cuts could reach up to 20,000, with most reductions expected to be layoffs rather than voluntary exits.