More than 13,000 positions eliminated
Source-backed update · Announced reduction · Verizon
EventAnnounced November 20, 2025
ReportedNovember 20, 2025
Added to WorkHushNovember 20, 2025
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Sources
SEC Form 8-K · Nov 20, 2025Supports: Verizon said the workforce reduction would eliminate over 13,000 positions, with over 80% of affected employees leaving in December 2025, and that it expected a $1.6 billion to $1.8 billion severance charge in the fourth quarter.Open the sourceAssociated Press (via NY1) · Nov 20, 2025Supports: Reported CEO Dan Schulman's staff memo saying the cuts were beginning that day, the cost-structure reasons he gave, and a $20 million reskilling and career transition fund.Open the sourceLight Reading · Nov 20, 2025Supports: Reported that the cuts amount to about 13% of Verizon's workforce and quoted a spokesperson describing them as a reset of the company's priorities.Open the source
Not in the sources
How the more than 13,000 positions break down by team, location, or union and non-union roles.
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