Catenaa, Tuesday, November 25, 2025- Verizon is reportedly planning to cut around 15,000 jobs, the largest reduction in its history, as the operator faces intensifying competition in mobile and home broadband markets.
Sources familiar with the matter told the Wall Street Journal that most of the cuts will be executed through layoffs, while about 200 stores will transition to franchised operations, moving employees off the payroll.
The move comes shortly after Dan Schulman, former PayPal chief, assumed the role of CEO, replacing Hans Vestberg. Verizon has struggled with customer losses, including 51,000 retail postpaid phone subscribers in the second quarter, contributing to an overall loss of 9,000 across its Consumer and Business divisions.
Competitors AT&T and T-Mobile US reported gains during the same period.
Verizon’s leadership highlighted the need to redefine its trajectory by growing market share, optimizing capital allocation, and reducing costs.
The operator is also pursuing the $20 billion acquisition of fibre network provider Frontier, a deal financed through $11 billion in corporate bonds and $10 billion in short-term bank funding. Executives said the acquisition is central to regaining market position and supporting long-term growth.
Industry analysts said the job cuts and store transitions are likely part of a broader restructuring to streamline operations and support the integration of Frontier’s network.
Verizon aims to balance cost reductions with investment in fibre and broadband expansion as competition intensifies across the U.S. telecom market.
