From AI Perplexity:
Verizon had approximately 99,600 employees as of December 31, 2024, according to recent financial filings and widely cited news sources. This number reflects a period of workforce reductions over several years, including significant job cuts announced in late 2025. The full-time employee count is consistently reported to be close to 100,000 across official and industry sources
Verizon workforce trends and recent layoffs details Verizon is undergoing its largest workforce restructuring in company history, with plans announced in November 2025 to cut roughly 15,000 jobs—about 15% of its workforce. These cuts follow years of gradual reduction and reflect mounting competition and slower subscriber growth in the telecommunications sector, especially against rivals like AT&T and T-Mobile.
?? Recent Layoffs and Restructuring The current wave of layoffs will affect a broad range of departments, including a notable reduction in non-union management and a possible significant cut (up to 25%) in the 5G enterprise segment.? Verizon will also convert around 180 of its corporate-owned retail locations into franchised stores to streamline operations and reduce overhead.? This restructuring is led by the new CEO, Dan Schulman, whose cost transformation strategy focuses on operational efficiency, margin stabilization, and enhanced shareholder returns.??
Workforce Trends 2020–2025 Verizon's workforce has fluctuated, with around 99,600 employees reported at the end of 2024.? Prior to these layoffs, there were signs of gradual contraction; for example, in mid-2025, Verizon had about 64,900 reported employees, reflecting an ongoing modest net reduction in staff.?
The competitive landscape and subscriber losses (notably, Verizon lost 7,000 postpaid phone subscribers in a recent fiscal quarter) have driven this additional push for cost reduction and workforce realignment.?? Industry Impact and Outlook Verizon’s aggressive downsizing mirrors broader industry trends, with telecom giants under pressure to invest in networks, pursue cost savings, and fend off both traditional and cable-based competitors.?
The company hopes these changes will boost profitability and shareholder value, but the full long-term impact on employee morale and customer experience remains uncertain.?
In summary, Verizon’s latest 15,000-job reduction marks a dramatic escalation in its ongoing workforce contraction, linked directly to new executive leadership and an urgent drive to cut costs amid tough competition. |
