"Verizon is cutting several hundred workers six months after a move that slashed 13,000 jobs, the company confirmed to Business Insider on Thursday. The company declined to provide an exact number, but said the figure represents less than 1% of its overall head count. The move affects employees across the US, particularly among smaller business units, with the largest share of the cuts at the company's headquarters in Basking Ridge, New Jersey."
"Verizon has more than 1,000 US job openings on its careers site, which the company said affected employees are eligible to apply for. "We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement. Chief financial officer Anthony Skiadas said on an earnings call last week that Verizon is now "running leaner" following last year's layoffs and that cost reductions would continue beyond 2026."
"Unlike companies this year that have cited artificial intelligence as the driving force behind job cuts, Verizon told Business Insider that the tech was not behind the latest round of cuts. Still, Schulman said on last week's call that AI is having a significant impact on the business, including reducing vendor support costs by as much as 70% and improving software code shipped by 40%."
Verizon is cutting several hundred workers about six months after a prior reduction that eliminated 13,000 jobs. The company did not specify an exact number, saying the cuts are less than 1% of its overall head count. The reductions affect employees across the United States, with the largest share at headquarters in Basking Ridge, New Jersey, and more impact on smaller business units. Verizon has more than 1,000 US job openings and said affected employees can apply. Verizon stated it is adding head count to growing parts of the business while making targeted reductions where needed. The company said the latest cuts are not driven by artificial intelligence, though AI is reducing vendor support costs and improving software delivery.
Read at www.businessinsider.com
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