November 14, 2025 – According to a report from The Wall Street Journal today, Verizon, the largest telecommunications operator in the United States, is planning to lay off around 15,000 employees over the next week. Sources familiar with the matter revealed that Verizon is grappling with intense competition in both its wireless services and home broadband sectors. In an effort to cut costs amid this challenging environment, the company has decided to implement this significant workforce reduction. If carried out as reported, this would mark the largest – scale layoff in Verizon’s history.
Last month, during the release of its third – quarter financial results, Verizon’s management indicated that the company was on the verge of major changes, even though most of its financial metrics for the quarter showed positive performance. The company reported a net income of $5.1 billion, with several key indicators registering year – on – year growth.
However, Verizon faced a notable decline in its post – paid wireless subscribers. In this market segment, the company lost 7,000 customers, a stark contrast to the 18,000 new customers it gained in the third quarter of 2024. CEO Dan Schulman commented, “At this crucial turning point for the company, we will take bold and financially responsible actions to re – chart Verizon’s development path. This won’t be a gradual adjustment.”
The Wall Street Journal also pointed out that while the majority of the layoffs will be achieved through direct terminations, Verizon may further reduce its workforce by converting approximately 200 of its stores into franchise – operated models.
