Verizon to Sell 274 Retail Stores and Cut 500 Corporate Jobs, Impacting 3,000 Employees

Verizon is accelerating its restructuring strategy by selling 274 company-owned retail stores and eliminating about 500 corporate positions, a move that will affect approximately 3,000 retail and corporate employees across the United States. The latest workforce reduction follows earlier cost-cutting initiatives aimed at streamlining operations and improving long-term profitability. Verizon mobile network The sale of the retail locations will become effective on August 16, after which Verizon wi