Verizon is laying off more than 13,000 employees across its company, CEO Dan Schulman told employees on Thursday, Nov. 20.

In an internal memo obtained by USA TODAY, Schulman informed employees on Nov. 20 that more than 13,000 employees will be laid off due to "cost structure limits." The layoffs will impact roughly 20% of non-union management, a pool of approximately 70,000 employees, Verizon spokesperson Kevin Israel told USA TODAY. The cuts do not target a specific area of the company, Israel added.

Layoff dates will vary per state WARN Act laws. However, the federal WARN Act requires employers to provide a "at least 60 calendar days advance written notice" for mass layoffs.

In his memo, Schulman said Verizon has established a $20 million Reskilling and Career Transition Fund for those affected by the layoffs. The fund, Schulam noted, will focus on "skill development, digital training and job placement to help our people take their next steps."

Verizon joins other corporate mass layoffs

Verizon is one of many companies that have recently laid off thousands of workers. Amazon confirmed it cut 14,000 corporate jobs on Tuesday, Oct. 28, while Target reportedly announced plans to cut an estimated 1,800 corporate jobs on Thursday, Oct. 23.

Overall, employers slashed more than 150,000 jobs in October, the largest wave of layoffs in over 20 years, according to a report from outplacement firm Challenger, Gray & Christmas.

Contributing: James Powel, USA TODAY

Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@usatoday.com.

This article originally appeared on USA TODAY: Verizon laying off more than 13,000 non-union employees, CEO says

Reporting by Greta Cross, USA TODAY / USA TODAY

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