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Verizon Layoffs: 15,000 Jobs Cut as New CEO Dan Schulman Launches Major Restructuring

Published Sep 4, 2025

15,000
Employees Affected
15%
Percentage

Verizon Communications announced plans to lay off around 15,000 employees-15% of its workforce-under new CEO Dan Schulman. The cost-cutting initiative includes converting 200 company-owned stores into franchises, marking a major shift in the telecom giant’s operations

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