The telcom giant becomes the latest to shed thousands of staff, but also sets up a training program for employees it is handing pink slips to.

U.S. employees will be notified Thursday if they are being laid off in Verizon’s largest-ever round of workforce cuts.

In September, Verizon said it had around 100,000 full-time employees, so the layoffs constitute about 13 percent of the workforce. Over the previous three years, Verizon had cut about 20,000 jobs. Meanwhile, a $20 billion takeover of telecoms company Frontier Communications is set to close early next year.

Shortly after rumors began circulating that Verizon would be announcing major job cuts, the company has indeed confirmed mass layoffs, set to affect around 13,000 workers (or 13% of the firm’s headcount).

Verizon is laying off more than 13,000 employees in mass job reductions that arrive as the telecommunications giant says it must "reorient" its entire company.

In 2024, Verizon employed 1,520 people in Arizona. It's unclear how many will lose jobs in the company's layoffs.

Schulman emphasized that the current cost structure at Verizon restricts the company’s ability to invest in enhancing its customer value proposition. By cutting down on its workforce, Verizon aims to streamline operations and allocate resources more effectively.

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.