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.

July 16 : U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.The moves…

By Patience Haggin and Katherine Hamilton

Verizon will sell 274 retail stores and cut 3,000 jobs as CEO Dan Schulman pursues $5 billion in operating expense reductions amid fierce telecom

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