Verizon Cutting More Than 13,000 Jobs As It Restructures (cnbc.com)
- Reference: 0180154611
- News link: https://slashdot.org/story/25/11/20/1445202/verizon-cutting-more-than-13000-jobs-as-it-restructures
- Source link: https://www.cnbc.com/2025/11/20/verizon-cutting-more-than-13000-jobs-as-it-restructures-.html
> U.S. wireless carrier Verizon said Thursday it will [1]cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations. Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations and close one store.
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> Verizon's new CEO, Dan Schulman, said in a note to employees the company would reduce its workforce by more than 13,000 employees across the organization, and significantly reduce outsourced and other outside labor expenses.
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> [2]Related : Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
[1] https://www.cnbc.com/2025/11/20/verizon-cutting-more-than-13000-jobs-as-it-restructures-.html
[2] https://www.cnbc.com/2025/11/20/jobs-report-september-2025.html
Not due to AI? No surprise the stock goes no where (Score:3)
Lousy CEO. The proper explanation is this is due to AI efficiencies.
Biden's economy (Score:2, Troll)
so much winning.
prices falling (Score:2)
The cellular plans for the major carriers in the USA are under some pretty serious revenue pressure. I'm looking at the price of one line on the Verizon website today, it is $45/month. However you can get basically the same service for $19/month at their "Visible (by Verizon)" website; [1]https://www.visible.com/plans/ [visible.com]
You can get unlimited talk/text with limited data over the Verizon network at US Mobile for $10/month. [2]https://www.usmobile.com/plans [usmobile.com]
[1] https://www.visible.com/plans/
[2] https://www.usmobile.com/plans
Re: (Score:2)
Yeah, I jumped ship from T-Mobile to Mint Mobile several months ago. Same network: coverage & performance are indistinguishable. Cost went from $60/month to $15/month (prepaid annually).
And in no way related news (Score:2)
The new Verizon CEO will get a $1000 bonus for every employee that gets laid off.
Franhises are bad for employees (Score:2)
"Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations"
In other words, screw the employees even more which work at these stores as a new franchise owner comes in and demands a cut from the gross income. That cut will probably come from a reduction in salaries, and benefits (If there are currently any to begin with).
Franchise models are even bad for the new owners, as the franchising corporation shifts a bunch of their costs onto the franchise owners. In addition