Verizon employees 2007-2023
In 2023, approximately 105,400 people worked for Verizon Communications as employees. The vast majority of Verizon’s employees are located in the United States.
Workforce changes and future
Even though Verizon is mostly active in the United States, the company provides products and services in more than 150 countries. The operator's number of employees has been decreasing steadily; in 2018, the company stated that it would reduce its workforce in order to better position itself for future growth. According to Verizon, the reasons for the recent cutback include reducing costs and preparing for 5G technology. The largescale workforce reduction was achieved by offering employees who volunteered to leave compensation and other benefits.
Verizon in the telco industry
Verizon is one of the largest U.S. telecom companies, alongside AT&T and T-Mobile US. AT&T leads the wireless market when measured by connections. As of the first quarter of 2023, around 46 percent of U.S. wireless connections were operated by AT&T, while Verizon and T-Mobile US operated around 30 and 24 percent respectively. Despite this, Verizon generated the most revenue of the three operators in 2022, with AT&T having spun-off its interests in the media company WarnerMedia.
