Reuters reported on the 20th (local time) that Verizon Communications Inc., the largest U.S. mobile carrier, plans to cut more than 13,000 jobs.
According to Reuters, newly appointed CEO Dan Schulman of Verizon Communications Inc. said in a memo to employees that the company will cut more than 13,000 positions and sharply reduce outsourcing and external labor costs. The scale of the layoffs is the largest since the company was founded.
Verizon Communications Inc. has cut about 20,000 jobs over the past three years. As of the end of last year, the company had about 100,000 employees in the United States.
Along with this, Verizon Communications Inc. will convert 179 company-owned stores to franchises and will close one store.
Verizon Communications Inc. said the layoffs are not because of artificial intelligence (AI). The company is the largest U.S. mobile carrier, but concerns have risen amid competition in the mobile and home internet markets. The company said the cuts were made in the process of reclaiming its leadership as a telecom operator.
Recently, large U.S. companies have been announcing job cuts one after another. Amazon cut 14,000 jobs last month to respond to AI innovation, and UPS has reduced 44,000 positions so far this year.