Last year, Verizon announced a round of layoffs that would result in 13,000 jobs being cut. But it seems the carrier isn’t done yet. Verizon has confirmed to Business Insider that hundreds more jobs are at risk in 2026.
Verizon cutting hundreds of jobs in new round of layoffs
While Verizon confirmed that hundreds of jobs are being cut, the carrier wouldn’t say how many employees exactly will be losing their jobs. However, Verizon claims that the number was less than 1% of its overall headcount. Based on the number of employees, it is estimated that fewer than 890 people will be affected.
It seems that the largest job cuts are taking place at its headquarters in Basking Ridge, New Jersey. Interestingly enough, Verizon says there are more than 1,000 job listings on its website. Employees who were affected by these cuts are eligible to apply. We’re not sure why they could just move employees around, but that’s Verizon’s call to make.
A company spokesperson also issued a statement on the recent cuts. They said, “We’re continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed.”
Not the only company to do layoffs
That being said, the job cuts aren’t necessarily because Verizon isn’t doing well. In fact, Verizon isn’t the only company conducting layoffs. Since 2025, many companies have conducted massive layoffs. We’re talking about layoffs in the thousands. This includes companies such as Meta, Apple, Intel, Microsoft, Amazon, Google, and Verizon’s rival, T-Mobile.
These types of organizational reshuffling do happen from time to time. This can be a response to the current economy, where supply is outpacing demand, such as post COVID-19. It can also be due to a shift in technologies. For instance, Meta CEO Mark Zuckerberg said AI was one of the reasons behind the company’s layoffs.
While AI isn’t the driver behind Verizon’s layoffs, CEO Dan Schulman seems to agree on how AI has improved its operations. During the company’s recent earnings call, he said AI was having an impact on its business, where it reduced vendor support costs by as much as 70% while also improving software code shipped by as much as 40%.
Obviously, this is not good news for employees, especially those struggling to put food on the table. However, the upside of emerging technologies is that it creates new opportunities. It creates new companies that might be looking to hire.
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