Verizon is undergoing significant changes, selling 274 company-owned stores and cutting nearly 3,000 jobs to streamline operations in a competitive wireless market.

Verizon is cutting more jobs this week as part of its $5 billion cost-reduction strategy, having already eliminated over 13,000 positions since 2025.

Verizon will lay off about 3,000 store employees and transfer 274 corporate-owned locations to independent operators as CEO Dan Schulman pushes AI.