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Verizon to cut 15,000 jobs, mainly management, in major restructuring to cut costs and boost efficiency.
Verizon is planning to cut about 15,000 jobs—roughly 15% of its U.S. workforce—in its largest restructuring ever, according to multiple sources.
The move, led by new CEO Dan Schulman, aims to streamline operations, reduce costs, and address declining postpaid subscriber growth amid fierce competition from AT&T and T-Mobile.
The cuts will primarily affect non-union management roles, and about 180 to 200 company-owned retail stores are expected to be converted to franchises, shifting employees to third-party ownership.
The company has not officially confirmed the layoffs, but the changes reflect a broader industry trend of cost-cutting and automation.
Verizon recortará 15.000 empleos, principalmente en la gerencia, en una importante reestructuración para reducir costos y aumentar la eficiencia.