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Associated Press Finance
Thu, November 20, 2025 astatine 7:57 AM CST 1 min read
NEW YORK (AP) — Verizon is laying disconnected much than 13,000 employees, arsenic the telecommunications elephantine says it indispensable “reorient” its full company.
The jobs cuts began connected Thursday, per to a unit memo from Verizon CEO Dan Schulman. In the letter, which was seen by The Associated Press, Schulman noted that Verizon's existent outgo operation limits the company's quality to put — pointing peculiarly to lawsuit experiences.
“We indispensable reorient our full institution astir delivering for and delighting our customers,” Schulman wrote. He added that the institution needed to simplify its operations “to code the complexity and friction that dilatory america down and frustrate our customers.”
Beyond the occupation cuts crossed Verizon's workforce, Schulman said that the New York institution would besides “significantly reduce” its outsourced and different extracurricular labour expenses.
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