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Verizon Layoffs Hit 16,600 as Record Quarter Funds the Cuts
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Verizon Layoffs Hit 16,600 as Record Quarter Funds the Cuts
The assumption buried in almost every Verizon layoffs headline is that a company shedding 16,600 jobs must be in trouble. Verizon is not in trouble. In the same quarter it moved 274 retail stores and roughly 3,000 roles off its payroll, the carrier posted a company-record $13.7bn in adjusted EBITDA, grew free cash flow 24.4% to $6.4bn, added 184,000 postpaid phone subscribers, and raised its 2026 guidance. That is the story the layoff coverage k…
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