Verizon prepares a third round of layoffs under CEO Daniel Schulman as cost-cutting efforts continue ahead of second-quarter earnings
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More than 37,000 employees were affected by layoffs in the first 10 days of May 2026 as tech, finance, media, and travel companies cut jobs.
Verizon plans its largest-ever layoffs, 15,000 jobs as new CEO Dan Schulman restructures the company to cut costs and regain subscribers.
Field tests are slated to begin next year.