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Wednesday, November 19, 2025

"Simpler, Leaner, and Scrappier Business": Verizon Slashing 15,000 Jobs - Samfiru Tumarkin LLP

What’s Happening at Verizon?

Verizon is reportedly preparing to conduct its largest-ever round of job cuts: eliminating approximately 15,000 positions.

A person familiar with the matter told Reuters that the workforce reduction — expected to heavily impact non-union management — is set to take place as soon as Nov. 17.

“We will be a simpler, leaner, and scrappier business,” CEO Dan Schulman said after taking the reins of the telecommunications giant last month.

Sources claim Verizon also plans to transition around 180 corporate-owned retail stores into franchised operations.

Impact on Canadian Staff

Samfiru Tumarkin LLP is working to determine if any Canadian employees at Verizon are being let go.

According to LinkedIn, the company currently has more than 200 workers in Canada.

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