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Verizon cuts hundreds of jobs in latest round of layoffs

Business Insider·Dominick Reuter·25 days ago
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Verizon's CFO said last week that the company is "running leaner" after cutting 13,000 jobs in November. Zamek/VIEWpress Verizon is cutting several hundred workers, or less than 1% of its head count. The move affects employees across the US, with the largest share of the cuts at the company's New Jersey headquarters. The company slashed 13,000 roles in November and said this latest round is not the result of AI. Verizon is cutting several hundred workers six months after a move that slashed 13,000 jobs, the company confirmed to Business Insider on Thursday. The company declined to provide an exact number, but said the figure represents less than 1% of its overall head count. The move affects employees across the US, particularly among smaller business units, with the largest share of the cuts at the company's headquarters in Basking Ridge, New Jersey. Filings show telecom rivals AT&T and T-Mobile each planned to cut about 75 workers in New Jersey so far this year.…

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