Verizon Cuts Hundreds Beyond Outlook

Verizon just slashed several hundred more jobs—its second major U.S. staff cut in under six months—even as it boasts rising profits and new hires in growth areas like broadband and software. With CFO Anthony Skiadas signaling cost cuts will keep coming through 2026, the company is doubling down on efficiency, aiming to protect margins and shift resources to high-growth bets. This latest round of layoffs wasn’t in Verizon’s earlier plans, underlining just how aggressively leadership is retooling to defend profits. But here’s the catch: while management insists AI isn’t behind these cuts, CEO Dan Schulman admits AI is slashing vendor costs by up to 70% and ramping up software output. As AT&T and T-Mobile trim staff nearby, Verizon’s “leaner” playbook means fewer free perks for customers and a laser focus on keeping churn—customer turnover—below 0.90%. The question now is whether Verizon can keep up its strong growth in broadband and maintain customer loyalty as it streamlines further. All eyes are on Q2 results: can the company keep margins high and churn low without losing its edge? Powered by Apisod.com