what is going on with verizon

Verizon is in a transition-heavy moment: it is cutting costs and jobs, shifting strategy under new leadership, heading into big labor talks in 2026, and preparing an earnings update on January 30, 2026 that should clarify its next moves.

Quick Scoop: Big Picture

• Verizon is restructuring and cutting around 13,000 jobs as part of a cost‑slashing, “evolve as a company” plan described by its CEO, which has raised anxiety among workers and investors.

• In late January 2026, Verizon will report Q4 2025 earnings and give a business update that is expected to spell out strategy and financial outlook for 2026 and beyond.

• At the same time, major union contracts for roughly 20,000 wireline workers in the Northeast and mid‑Atlantic are set to expire on August 1, 2026, setting up a potentially contentious bargaining year.

Labor & Worker Tensions

• Unionized Verizon workers represented by CWA and IBEW have contracts expiring in August 2026, and the parties agreed to start limited talks in January to explore a contract extension.

• Key friction points highlighted by labor sources include retiree health‑care cost spikes for pre‑Medicare retirees, two‑tier benefits for newer hires, and long‑term workforce shrinkage as Verizon invested more in fiber and wireless.

• Past strikes (like the seven‑week 2016 strike) are shaping expectations that 2026 could again see serious labor confrontation if concessions on benefits and job security are not reached.

Cost Cuts, Jobs, and Strategy

• Verizon’s CEO has framed the 13,000 job reductions as necessary to streamline operations, slash expenses, and “restructure” so the company can compete more aggressively in wireless and 5G.

• Alongside layoffs, Verizon is pitching a “significant customer experience transformation,” including a revamped app and upgraded support, trying to offset negative sentiment around cuts with promises of better service.

• Industry watchers expect more clarity in 2026 on how Verizon will position itself against T‑Mobile and AT&T, especially in 5G, pricing, and whether it changes course on wholesale cable/MVNO deals.

What To Watch Next

• January 30, 2026: Q4 2025 earnings call, where Verizon plans to present results and a business update; markets and customers will be listening for guidance on 2026–2027, including network investment, pricing, and any further cost actions.

• Early‑to‑mid 2026: Progress (or lack of it) in union negotiations around the August 1 contract expiration; escalating rhetoric here would signal higher risk of disruptions.

• Ongoing: Customer chatter on forums and social platforms, where frustration over billing, device upgrades, and customer service continues to flare, feeding into the broader narrative that Verizon is in a bumpy transition period.

Information gathered from public forums or data available on the internet and portrayed here.