Several hundred jobs cut, under 1% of workforce
Source-backed update · Confirmed reduction · Verizon
EventConfirmed by Verizon in early May 2026
ReportedMay 7, 2026
Added to WorkHushMay 7, 2026
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Sources
Quartz · May 7, 2026Supports: Reported that Verizon confirmed cuts of several hundred jobs across the U.S., under 1% of its workforce, with the heaviest impact at Basking Ridge, and that the company said AI was not a factor.Open the sourceDatacenterDynamics · May 11, 2026Supports: Reported, citing Business Insider, that Verizon confirmed it is making targeted job reductions without giving a number, with the largest share at its Basking Ridge headquarters.Open the source
Not in the sources
The exact number of jobs and the teams affected; sources say only that the largest share is at the Basking Ridge, New Jersey headquarters.
More job cuts in May 2026 ›