Verizon layoffs: America’s largest telecom company to cut 13,000 jobs, what CEO Dan Schulman said in internal memo

Verizon layoffs 2025: Verizon has announced it will eliminate more than 13,000 positions in what marks the largest single workforce reduction in the telecom company’s history, a report has said, adding that the job cuts come as the country’s largest wireless carrier struggles with competitive pressures and a shrinking customer base. CEO Dan Schulman, who took the helm in October after serving on Verizon’s board since 2018, cited the need to streamline operations and reduce costs that are limiting the company’s ability to invest in customer value.

“Our current cost structure limits our ability to invest significantly in our customer value proposition,” Schulman wrote in an internal memo obtained by news agency Reuters.