13,000 Jobs Cut: The Price of Profit?

Verizon has announced the largest mass layoff in its corporate history, eliminating over 13,000 American jobs.

Story Overview

  • Verizon cuts 13,000+ jobs in largest layoff in company history, affecting one-fifth of management workforce
  • CEO Dan Schulman frames cuts as “aggressive transformation” despite company’s strong recent profits
  • Layoffs part of broader 2025 jobs massacre with over 1 million cuts announced nationwide
  • Corporate restructuring prioritizes investor returns over American workers and their families

Verizon’s Historic Job Massacre Begins

Verizon Communications has confirmed it will eliminate more than 13,000 positions across its operations, marking the telecommunications giant’s largest workforce reduction in company history. CEO Dan Schulman announced the cuts in a company-wide memo on November 20, 2025, describing the layoffs as part of an “aggressive transformation” at what he calls a “critical inflection point.” The cuts represent approximately one-fifth of Verizon’s management workforce, affecting both domestic and international operations including facilities in India.

The layoffs began immediately after Schulman’s announcement, with reports of mass conference calls delivering abrupt termination notices to shocked employees. Entire departments are being eliminated, and hundreds of retail stores face closure or divestment as part of the restructuring. The company claims these drastic measures are necessary to “reorient” the business and “simplify operations” to improve customer experience, though critics argue the real motivation is appeasing Wall Street investors demanding higher profits.

Corporate Profits Over American Workers

Despite Verizon reporting strong recent profits, executives chose to sacrifice thousands of American jobs to boost stock performance and satisfy investor demands. This decision epitomizes the disconnect between corporate leadership and the working families who built these companies.

Remaining employees face increased workloads, job insecurity, and damaged morale as they witness their colleagues discarded for profit margins. Communities with closed retail locations lose local services and economic activity, while families of laid-off workers struggle with sudden unemployment. This corporate behavior undermines the economic stability that American families depend on and erodes trust in major employers.

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Part of Nationwide Jobs Crisis

Verizon’s mass layoffs contribute to a devastating trend across the American economy, with over one million job cuts announced in the first ten months of 2025—a staggering 65% increase from the previous year. Technology, warehousing, and retail sectors face particularly severe impacts as corporations prioritize automation and cost-cutting over maintaining stable employment. Major companies including Amazon, IBM, Microsoft, and UPS have all announced large-scale workforce reductions, creating widespread economic insecurity.

This systematic destruction of American jobs reflects broader corporate trends toward automation, outsourcing, and digital transformation that prioritize efficiency over employment. The acceleration of job cuts under current economic conditions threatens to undermine economic recovery and further destabilize communities already struggling with inflation and rising costs of living.

Sources:

Verizon begins cutting 13,000 workers as global jobs massacre accelerates

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