Verizon laying off 15,000 people

[Standing on business]

America's biggest wireless carrier cuts 15,000 jobs after price-hike gamble backfires​

By DANIEL JONES, US CONSUMER EDITOR 16:43 13 Nov 2025, updated 16:43 13 Nov 2025

Verizon is preparing to cut around 15,000 jobs in the biggest round of layoffs in its history.

America's biggest wireless carrier is battling shrinking customer numbers and rising competition across the wireless and home-internet markets.

The cuts are set to roll out within the next week and will come mostly through direct layoffs, according to the Wall Street Journal who first reported the news.

The company — which has about 100,000 employees — also plans to spin roughly 200 of its retail stores into franchises, shifting those workers off Verizon's payroll.

Verizon — the largest US telecom provider by subscribers — has been losing lucrative postpaid phone customers for three straight quarters as rivals T-Mobile and AT&T step up aggressive promotions.

It caps a disastrous stretch for the telecom giant, which has been losing subscribers at an alarming pace.

Verizon admitted in April that it lost 289,000 monthly wireless customers in the first quarter alone — more than double the losses from the same period last year and far worse than Wall Street expected.

The company told investors the exodus 'reflects the impact of recent pricing actions,' after the company raised rates and scaled back discounts.

The shake-up comes weeks after Verizon named Daniel Schulman, the former chief of PayPal and Virgin Mobile USA, as its new CEO. Schulman has vowed to overhaul the business, reverse customer losses and slash costs across the boardVerizon is preparing its biggest-ever round of layoffs as customer losses mount and price hikes backfire
Once known for big holiday promotions, Verizon pulled back after Christmas last year — while rivals T-Mobile and AT&T kept slashing prices. The decision backfired spectacularly as frustrated customers ditched the service for cheaper competitors.

The shake-up comes weeks after Verizon appointed Daniel Schulman, the former boss of PayPal and Virgin Mobile USA, as its new chief executive. Schulman has pledged to slash costs across the company and stem the steady decline in wireless customers.

'We have a tremendous amount of opportunity to be more efficient, to be scrappier,' Schulman said last month as he discussed the company's third-quarter results.

'Cost reductions will be a way of life for us here.'

 

[MarcMan]

Increasing prices in a slowing economy.

I'm surprised it didn't work.

 

[⠀X ⠀]

 

[the cac mamba]

trump's economy is trash

 

[the artist known az]

CEO fukks up and instead of him taking responsibility, decides to cut 15,000 jobs

 

[AceAge]

Verizon's cash on hand was $7.706 billion for the quarter ending September 30, 2025, which was a 54.52% increase year-over-year.

How big can they make the middle finger to the working class for these massive layoffs.

 

[hashmander]

How big can they make the middle finger to the working class for these massive layoffs.

how dare you. our corporate masters deserve an even bigger tax cut so that their cash on hand can increase twofold. if you aren't voting for politicians who are in favor of tax cuts for corporations and rich individuals then you don't care about making america great again.

 

[VertigoKnight]

At some point, people will crack...

Companies are sitting on billions, but will tell you your position is no longer needed so they can prop up stock returns.

 

[Why-Fi]

i just switched from them and more than halved my bill

 

[Samori Toure]

The economy is doing fine. Golden age. The economy is doing fine!!!!!!!!!!!!!!

 

[Tupac in a Business Suit]

I’ve been going down the rabbit hole on YouTube where this guy goes to visit small towns in America and lists a variety of stats on the towns.

Its crazy how much of these smaller towns were impacted due to the offshoring of jobs and basically are living off the assistance of the American government.

While Watching the videos Frank S and that quote pops into my mind. We used to build shyt but no longer do. I guess it was easier to offshore entire Industries than to provide reparations to the disenfranchise.

 

[SNYC]

Bottom finally dropped?

Verizon was always expensive. The last phone i had before switching to TMo was..

 

[Gloxina]

i just switched from them and more than halved my bill

Breh! I’ve just been too lazy to do it! My bill* keeps increasing but no one has a definitive answer as to why my package/options keep changing price throughout the year


2026 I’m switching.





* Verizon Fios. I don’t have their wireless.

 

[Gloxina]

ALSO——


Uh, with all these layoffs, either a recession is coming or they screwing everyone over as they roll out UBI. This is just getting too weird. All these corporations have record profits yet need to fire 10k + people

 

[Afro]

I’ve been going down the rabbit hole on YouTube where this guy goes to visit small towns in America and lists a variety of stats on the towns.

Its crazy how much of these smaller towns were impacted due to the offshoring of jobs and basically are living off the assistance of the American government.

While Watching the videos Frank S and that quote pops into my mind. We used to build shyt but no longer do. I guess it was easier to offshore entire Industries than to provide reparations to the disenfranchise.

Yea, "The American Dream" for many was killed decades ago.