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International Business Times UK
International Business Times UK
Business
Jim Manzon

Verizon's New CEO Says Layoffs Are 'A Way of Life' — 15,000 Workers About to Learn What That Means

Verizon Dan Schulman Hans Vestberg TMobile
Dan Schulman took the helm at Verizon in October 2025, inheriting a company trailing rivals and losing customers. (PHOTO: Dan Schulman/LinkedIn)

If you want to understand what 2026 holds for the American workforce, look no further than Verizon

When Dan Schulman took over as chief executive in October 2025, replacing Hans Vestberg, he inherited a telecom giant haemorrhaging customers and trailing behind rivals. His response was to announce the largest layoffs in the company's history, while openly stating that 'cost reductions will be a way of life' going forward.

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