Layoff
Cuts 500 jobs
Verizon told employees it will sell 274 company-owned stores to franchise operators effective August 16, 2026 and eliminate about 500 corporate roles. The stores stay open under new owners.
Layoffs Tracker
Verizon Layoffs 2026: 500 Jobs Cut
Latest announcement (Jul 18, 2026): Verizon told employees it will sell 274 company-owned stores to franchise operators effective August 16, 2026 and eliminate about 500 corporate roles. The stores stay open under new owners. The tracker lists 3 announcements for Verizon since 2024, with 18,500 jobs reported affected. Our coverage: Verizon Shifts 274 Stores to Franchise Owners, Putting 3,000 Jobs on New Footing in 2026
Last updated Oct 2, 2026
Verizon at a glance
- Announcements tracked
- 3
- Jobs affected (reported)
- 18,500
- Layoffs
- 3
- Store closures
- 0
- Return-to-office mandates
- 0
Jobs affected are as reported by each source, summed over the 3 of 3 announcements that state a number.
Latest announcement
| Year | Jobs reported | Announcements |
|---|---|---|
| 2024 | 5,000 | 1 |
| 2025 | 13,000 | 1 |
| 2026 | 500 | 1 |
2026
1 announcement · 500 jobs reported affected
2025
1 announcement · 13,000 jobs reported affected
Layoff
Cuts 13,000 jobs
Verizon told staff via an internal memo that it would lay off more than 13,000 non-union employees, about 20% of its non-union management workforce, citing cost structure limits. The company also set up a $20 million reskilling and career transition fund.
- Our coverage: Verizon Axes 13,000+ Non-Union Employees as Telecom Giant Joins Brutal 2025 Layoff Wave
- Our coverage: Global Layoff Wave Hits Major Companies
- Our coverage: Tech Jobs Face Rising Unemployment Recession
- Our coverage: Major Companies Slash Jobs as Economy Tightens
2024
1 announcement · 5,000 jobs reported affected
Layoff
Cuts 5,000 jobs
Verizon announced a restructuring that will cut nearly 5,000 jobs alongside a roughly $2 billion write-off expected in Q3 2024.
More Verizon coverage
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Data and archives
Free to reuse with attribution to Metaintro
Every published announcement, all years, one row per event. Column names are stable, and jobs affected are blank where no source states a number.
Jobs affected are counted only when a source states a number; “Not stated” means none was disclosed. Methodology, sources and how to cite
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