News: 0180154611

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

Verizon Cutting More Than 13,000 Jobs As It Restructures (cnbc.com)

(Thursday November 20, 2025 @11:46AM (msmash) from the more-pain dept.)


An anonymous reader writes:

> 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.

>

> 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.

>

> [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


Franhises are bad for employees (Score:2)

by hwstar ( 35834 )

"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

Not due to AI? No surprise the stock goes no where (Score:3)

by blahbooboo2 ( 602610 )

Lousy CEO. The proper explanation is this is due to AI efficiencies.

Biden's economy (Score:2, Troll)

by tiananmen tank man ( 979067 )

so much winning.

prices falling (Score:2)

by ZipNada ( 10152669 )

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)

by ihadafivedigituid ( 8391795 )

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)

by Snotnose ( 212196 )

The new Verizon CEO will get a $1000 bonus for every employee that gets laid off.

Youth is not a time of life, it is a state of mind; it is a temper of
the will, a quality of the imagination, a vigor of the emotions, a predominance
of courage over timidity, of the appetite for adventure over love of ease.
Nobody grows old by merely living a number of years; people grow
old only by deserting their ideals. Years wrinkle the skin, but to give up
enthusiasm wrinkles the soul. Worry, doubt, self-distrust, fear, and despair
-- these are the long, long years that bow the head and turn the growing spirit
back to dust.
Whether seventy or sixteen, there is in every being's heart the love
of wonder, the sweet amazement at the stars and the starlike things and
thoughts, the undaunted challenge of events, the unfailing childlike appetite
for what next, and the joy and the game of life.
You are as young as your faith, as old as your doubt; as young as your
self-confidence, as old as your fear, as young as your hope, as old as your
despair.
So long as your heart receives messages of beauty, cheer, courage,
grandeur and power from the earth, from man, and from the Infinite, so long
you are young.
-- Samuel Ullman