Verizon prepares for another round of layoffs, expected this week. The move supports CEO Daniel Schulman's strategy to reduce operating expenses by $5 billion by 2026.
The company has not confirmed the precise number of affected employees. This marks the third round of job cuts under Schulman's leadership. Previous reductions included 13,000 employees in November 2025. Additional cuts occurred in May 2026. These reductions aim to streamline operations and address declining market share.