Verizon Cuts More Than 13,000 Jobs in Its Largest Layoff
CONFIRMED84% CONFIDENCEThe 8-K says "On November 20, 2025, Verizon ... announced" the workforce reduction, the same day Schulman's note to employees was reported.[1]
CEO Dan Schulman told staff Verizon would cut more than 13,000 jobs, its largest single layoff, and franchise 179 company-owned stores, taking a $1.6 to $1.8 billion severance charge.
$1.7B
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