Verizon is cutting hundreds more jobs just weeks after the carrier slashed thousands of non-core roles.
According to Business Insider, several hundred workers are affected, with the brunt of the cuts impacting staff in its headquarters in Basking Ridge, New Jersey.
Although the precise number of cuts in this latest round of layoffs remains unconfirmed, the report indicates that they affect roughly 1% of the carrier's total employees.
A company spokesperson said in a statement to Reuters that as part of its overhaul, the carrier plans to “continu[e] to add headcount to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed.”
Since taking the reins late last year, CEO Dan Schulman has sought to make Verizon leaner operationally, culminating in several rounds of drastic cost-cutting. Around 10,000 employees were laid off around the turn of the year, with a further few thousand culled in the spring. In addition, outsourced, contracted, and “other outside labor expense[s]” are also facing the chopping block.
Those cuts come as the carrier spent some $20 billion on Frontier Communications, adding millions of fiber locations to bolster its fiber networking offerings.
Previously, Schulman stated that the carrier intends to utilize AI to boost efficiency following staff reductions.
“I intend to use AI as a key tool [to] simplify offers, improve the customer experience, and reduce churn through smart, consistent, and more personalized marketing and offers, and we will leverage AI throughout the company to make it easier for our employees to delight our customers and to dramatically improve service while reducing costs,” the CEO said in prior pre-prepared remarks.
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