Verizon Communications will announce a new round of layoffs on Thursday morning.
CEO Daniel Schulman is leading a reorganization to cut $5 billion in operating expenses.
The company aims to reach this savings target by 2026.
Verizon previously eliminated 13,000 positions.
This major workforce reduction occurred in November.
A smaller round of job cuts followed in May.
Schulman assumed the CEO role in October 2025.
The reorganization addresses declining market share and customer satisfaction scores.
The strategy leverages artificial intelligence to lower costs and improve customer interactions.
Verizon reports second-quarter earnings on July 24.