Verizon’s store sale: what does it mean for store staff?
Reuters reported in July that Verizon would sell 274 company-owned stores to independent owners and cut about 500 corporate jobs.…
Companies
Verizon
TelecommunicationsNew York, New YorkVZAbout 89,900 employees
WorkHush has 3 source-backed updates on Verizon workforce changes since November 2025. The latest, added July 16, 2026: About 500 corporate jobs cut; 274 company-owned stores to be sold (announced reduction). Read it with sources ›
What the sources say
All 3 source-backed updates ›About 500 corporate jobs cut; 274 company-owned stores to be sold
Announced reduction · Announced July 16, 2026
Sources: Reuters (via The Daily Record), Light Reading
More about Verizon
Telecom company providing wireless, fiber internet and business network services in the US
Revenue
$138.2B
Fiscal 2025, up 2.5%
Employees
About 89,900
As of December 2025, full-time equivalent, before the Frontier deal
Stock
VZ
New York Stock Exchange
Headquarters
New York, New York
CEO
Dan Schulman
Since October 2025
BrandsVerizon, Total Wireless, Fios, Frontier (acquired January 2026)
Current strategyCutting costs and fixing customer service under new CEO Dan Schulman while integrating the Frontier fiber business bought in January 2026
Recent workforce changesMore than 13,000 positions announced in November 2025, with further rounds in May and July 2026
CompetitorsAT&T, T-Mobile US, Comcast
Related companiesAT&TT-Mobile USCharter Communications
Checked October 11, 2026 · Sources: sec.gov, sec.gov (2), americanbazaaronline.com
Discussions
1 discussion in Restructuring
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