Verizon cuts more US jobs after major layoff round

Verizon has confirmed it is cutting several hundred workers in the US, six months after the telecommunications company slashed 13,000 jobs.

As Business Insider reports, the company declined to give an exact number for the latest round of layoffs. Verizon said the cuts represent less than one per cent of its total headcount.

The move affects employees across the US, with smaller business units understood to be impacted. The largest share of cuts is reportedly at Verizon’s headquarters in Basking Ridge, New Jersey.

Verizon says it is running leaner

The latest cuts follow comments from Verizon’s chief financial officer last week that the company is “running leaner” after its November restructure.

That earlier round reduced the company’s workforce by 13,000 roles, marking one of the largest job cuts in Verizon’s recent history.

Verizon told Business Insider that affected employees are eligible to apply for other roles within the company. Its careers site currently lists more than 1,000 US job openings.

Telecom rivals also reduce roles

The cuts come as other major US telecom companies reduce headcount in parts of their businesses.

Filings show AT&T and T-Mobile each planned to cut about 75 workers in New Jersey so far this year.

The reductions point to continued cost pressure across the US telecom sector, as companies balance network investment, customer growth and operating efficiency.

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