Verizon layoffs, biggest in years? More than 13,000 jobs to be cut as the company undergoes major restructuring

Verizon layoffs 2025: Verizon Communications is set to cut more than 13,000 jobs in its largest layoff in years as part of a significant restructuring effort aimed at cost reduction and operational simplification. The company also plans to convert retail stores to franchised locations and invest in supporting affected employees.