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Verizon to Cut Several Hundred Jobs in 2026 Following 13,000 Layoffs in 2025
Verizon confirmed the latest round of layoffs to Business Insider on Thursday, six months after slashing 13,000 roles in November 2025. The cuts affect employees across the US with the largest share at the company's headquarters in Basking Ridge, New Jersey. Verizon's CFO said the company is running leaner and that cost reductions would continue beyond 2026.
May 7, 1:24 PM·1m read1 source
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Verizon is cutting several hundred workers in 2026, a move that represents less than 1% of the company's overall head count. The telecommunications company confirmed the latest round of job cuts to Business Insider on Thursday and said the reductions affect employees across the US. The largest share of the 2026 Verizon job cuts are at the company's headquarters in Basking Ridge, New Jersey.
The company slashed 13,000 roles in November 2025. Verizon declined to provide an exact number for the latest round of job cuts. It has more than 1,000 US job openings on its careers site, and employees affected by the latest job cuts are eligible to apply for the company's open positions.
Verizon told Business Insider that AI was not behind the latest round of cuts. Chief financial officer Anthony Skiadas said on an earnings call last week that the company is now "running leaner" following last year's layoffs. Skiadas added that cost reductions would continue beyond 2026.
CEO Dan Schulman said at the time of the November 2025 layoffs that "every part of the company" was affected by the reduction. Schulman said the November 2025 layoffs were intended to allow for more investment in customer satisfaction. On last week's earnings call, Schulman said that AI is having a significant impact on the business.
AI is reducing Verizon's vendor support costs by as much as 70%. AI is improving Verizon's software code shipped by 40%. The report did not include the workforce reduction in its outlook. Filings show AT&T cut about 75 workers in New Jersey this year.
