About 500 corporate jobs cut; 274 company-owned stores to be sold
Source-backed update · Announced reduction · Verizon
EventAnnounced July 16, 2026
ReportedJuly 16, 2026
Added to WorkHushJuly 16, 2026
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Sources
Reuters (via The Daily Record) · Jul 16, 2026Supports: Reported that Verizon announced it would sell 274 company-owned stores and cut about 500 corporate jobs, affecting about 3,000 retail and corporate employees, with the sale effective August 16 and Verizon keeping 1,000 stores.Open the sourceLight Reading · Jul 16, 2026Supports: Reported the 274-store sale and about 500 corporate job cuts, citing Reuters and Bloomberg, and that the stores will move to independent owners rather than close.Open the source
Not in the sources
Which teams lose the roughly 500 corporate roles, and how many of the about 3,000 retail and corporate workers Reuters says are affected will be kept on by the new store owners.
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