{"id":1021889,"date":"2026-07-18T07:35:47","date_gmt":"2026-07-18T02:05:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1021889"},"modified":"2026-07-18T07:37:55","modified_gmt":"2026-07-18T02:07:55","slug":"verizon-to-sell-274-stores-lay-off-another-500-corporate-employees","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/18\/verizon-to-sell-274-stores-lay-off-another-500-corporate-employees\/","title":{"rendered":"Verizon to sell 274 stores, lay off another 500 corporate employees"},"content":{"rendered":"<p>U. S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring. <\/p>\n<p>The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after \u200cthe sale, effective \u2060August \u206016. Verizon eliminated several hundred jobs in May after announcing in November it was cutting more than 13,000 jobs in its largest single round of layoffs. <\/p>\n<p>Previously, about 70% of employees at retail locations that Verizon sold took jobs with the new companies operating the stores, Verizon said. Six large operators run most of Verizon&#8217;s franchised stores.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U. S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring. The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after \u200cthe sale, effective \u2060August \u206016. Verizon eliminated several hundred jobs in May after announcing in November it was cutting more than 13,000 jobs in its largest single round of layoffs. Previously, about 70% of employees at retail locations that Verizon sold took jobs with the new companies operating the stores, Verizon said. Six large operators run most of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1021889","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1021889"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021889\/revisions"}],"predecessor-version":[{"id":1021902,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1021889\/revisions\/1021902"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1021889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1021889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1021889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}