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International Business Times

Business

Verizon to Transform 180 Stores into Franchises, Cutting Thousands of Jobs

Verizon United States Dan Schulman TMobile

A pedestrian walks by a Verizon store on November 13, 2025 in San Francisco, California.

Verizon announced plans to cut at least 15,000 jobs and convert 180 company-owned stores into franchises, marking the largest downsizing in the telecom giant's history.

The move comes as the company faces mounting competition from rivals like AT&T, T-Mobile, and cable providers such as Comcast and Charter.

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