- Verizon said Thursday that it will lay off more than 13,000 employees.
- The company started 2025 with about 100,000 employees.
- New CEO Dan Schulman said the cuts will make Verizon “faster and more focused.”
Verizon plans to lay off 13,000 employees, its new CEO said Thursday.
The job cuts will make Verizon “faster and more focused,” Verizon’s CEO Dan Schulman said in a message to employees. Bloomberg earlier reported the news.
Schulman’s message said the cuts are meant to reduce costs and focus Verizon on “delighting our customers.”
“The actions we’re taking are designed to make us faster and more focused, positioning our company to deliver for our customers while continuing to capture new growth opportunities,” Schulman said.
Schulman became Verizon’s chief executive last month and has said he wants to create a “simpler, leaner, and scrappier” company.
This is a developing story. Check back for updates.
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