If this is the year of publicly-traded companies signaling to Wall Street that they’re going to do more with less, in preparation for an AI-driven economy, add Verizon to the list of giants cutting a substantial number of jobs in a pivot.

The company, newly led by former PayPal mogul Dan Schulman, said Thursday that it is reducing its workforce by 13,000 employees and cutting its outsourced and outside labor expenses. As of the end of Dec. 2024, Verizon had 99,600 full-time staffers, some 88 percent of them are based in the U.S.

If this is the year of publicly-traded companies signaling to Wall Street that they’re going to do more with less, in preparation for an AI-driven economy, add Verizon to the list of giants cutting a substantial number of jobs in a pivot.

The company, newly

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