Verizon said some 13,000 workers will be let go due to "cost structure limits" in order for Verizon to be "faster and more focused."

Wireless carrier Verizon said Thursday it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations.

Verizon said some 13,000 workers will be let go due to "cost structure limits" in order for Verizon to be "faster and more focused."