13,000+ positions eliminated in November 2024 — the largest single round in Verizon history. In May 2026, several hundred additional roles were cut, with the heaviest impact at Basking Ridge, NJ headquarters. CFO Tony Skiadas is targeting $5 billion in operating expense reductions by end of 2026.
Start Free AI Mock InterviewIssue 04
NOVEMBER 2025
13,000–15,000
New CEO Dan Schulman announced ~13% workforce reduction to 'reorient' the company — the largest layoff ever at Verizon.
Issue 04
NOVEMBER 2025
13,000–15,000
New CEO Dan Schulman announced ~13% workforce reduction to 'reorient' the company — the largest layoff ever at Verizon.
Issue 03
SEPTEMBER 2024
13,000+ (Nov 2024) + several hundred (May 2026)
Verizon eliminated over 13,000 positions in November 2024, the largest single round of layoffs in company history. CEO Dan Schulman said every part of the company was affected. In May 2026, several hundred additional roles were cut, primarily at the Basking Ridge headquarters. CFO Tony Skiadas is targeting $5 billion in operating expense reductions by 2026, plus an additional $1 billion by 2028. The restructuring is tied to the $20 billion Frontier Communications acquisition and AI-driven automation.
Verizon eliminated over 13,000 positions in November 2024, the largest single round of layoffs in company history. CEO Dan Schulman said every part of the company was affected. In May 2026, several hundred additional roles were cut, primarily at the Basking Ridge headquarters. CFO Tony Skiadas is targeting $5 billion in operating expense reductions by 2026, plus an additional $1 billion by 2028. The restructuring is tied to the $20 billion Frontier Communications acquisition and AI-driven automation.
Issue 03
SEPTEMBER 2024
13,000+ (Nov 2024) + several hundred (May 2026)
Issue 02
Management · Corporate · Network Ops
Cuts focused on flattening management layers, corporate functions, and back-office support across consumer and business units.
Issue 02
Management · Corporate · Network Ops
Cuts focused on flattening management layers, corporate functions, and back-office support across consumer and business units.
Issue 01
Negotiated by tier
Verizon offers tiered severance based on level and tenure (typically 1–2 weeks per year of service), plus extended healthcare and outplacement services.
Verizon offers tiered severance based on level and tenure (typically 1–2 weeks per year of service), plus extended healthcare and outplacement services.
Issue 01
Negotiated by tier
The Playbook · 30 Days
Read the separation agreement carefully before you sign — most have a 21-day window. You have time, so don't be rushed into waiving anything you don't understand.
File for unemployment in your state right away. In most states benefits are backdated to your separation date, so there's no upside to waiting.
Decide between COBRA and an ACA marketplace plan within 60 days. Marketplace plans are often cheaper than COBRA for comparable coverage.
If you're on an H-1B, start the visa-transfer clock immediately. The 60-day grace period is non-negotiable.
Common challenges Verizon employees face after a layoff — and how Final Round AI helps you overcome them.
Verizon-specific certifications and FiOS/5G project work need re-framing for non-telecom recruiters and ATS systems.
Long-tenured Verizon staff often haven't interviewed externally in 10+ years — modern STAR and system design rounds feel foreign.
AT&T and T-Mobile are also cutting. Pivoting to fintech, cloud, or B2B SaaS opens 10x more roles — but requires repositioning.
We also cover workforce reductions at peer companies so you can compare context and prepare cross-company. Explore more layoff trackers related to Verizon.
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