Verizon Announces Further Workforce Reductions and Retail Store Sales Amid Ongoing Customer Losses

Verizon continues to cut costs by laying off over 3,000 employees and selling 274 company-owned retail stores. The move is part of ongoing efforts under CEO Dan Schulman to streamline operations after losing nearly 2.25 million wireless customers in three years due to price hikes and competition.

By Patricia Battle Sat, July 18, 2026 at 8:07 PM GMT+3 4 min read · Yahoo Finance · July 18, 2026, 17:07 UTC

Tickers: $VZ

Topics: corporate strategy layoffs retail transformation

Read the full article at Yahoo Finance

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