Verizon employees 2007-2020
In 2020, 132,200 people worked for Verizon Communications as employees. The vast majority (just under 130 thousand) of Verizon’s employees are located in the United States.
The number of employees has been decreasing recently; 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 (such as employee benefits- and pension plan contributions) and preparing for 5G technology. The largescale workforce reduction was achieved by offering employees who volunteered to leave compensation and other benefits.
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. About thirty percent of that international workforce was female in 2018.The number of employees has been decreasing recently; 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 (such as employee benefits- and pension plan contributions) and preparing for 5G technology. The largescale workforce reduction was achieved by offering employees who volunteered to leave compensation and other benefits.
