Verizon to Cut 13,000 Jobs, Set Up $20 Million “Reskilling” Fund for Laid Off Staff In “Age of AI”

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.

Verizon announces layoffs of more than 13,000 employees

Verizon announced on Thursday that it is laying off more than 13,000 employees as the telecommunications giant seeks to “reorient” the company. The cuts were announced in a staff memo from Verizon CEO Dan Schulman that was seen by The Associated Press and The Wall Street Journal.

Verizon confirms plans to lay off 13,000 employees

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.

Verizon Begins Laying Off More Than 13,000 Employees

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

Verizon fires over 13,000 employees

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.

Verizon says it will lay off 13,000 workers as its new CEO seeks a 'faster and more focused' company. Read the full memo

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.
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