Overview
- Verizon is executing its largest layoff to date, affecting over 13,000 roles across the company.
- CEO Dan Schulman told employees the carrier must “reorient our entire company” around customers and simplify operations.
- A spokesperson said roughly 20% of the management workforce was impacted within a U.S. employee base of about 100,000.
- The company said the cuts are not directly tied to a pivot toward artificial intelligence, according to Reuters.
- Former Verizon Business head Tami Erwin urged affected staff to grieve and rebuild in a widely shared LinkedIn post, as individual employees shared emotional accounts of losing jobs before the holidays.