• A new report claims Verizon plans to cut about 15,000 jobs, roughly 15% of its workforce. • The layoffs are expected to begin next week, matching earlier rumors that changes were coming on November 20. • The scope of the cuts is unclear, though further changes and possible location closures are likely.

Last week, we reported on rumors suggesting that employee layoffs at Verizon were imminent. At the time, there wasn’t much information outside of whispers from employees, but now a new report from Reuters adds further credence to the claims. According to “people familiar with the matter”, Verizon will allegedly cut 15,000 jobs as part of the largest layoff in the company’s history.

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