---
title: "Verizon to sell 274 stores, cut 500 corporate jobs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293040292.md"
description: "Verizon is restructuring by selling 274 corporate-owned retail stores to franchise operators and cutting approximately 3,000 jobs, including 500 corporate positions. This move aims to reduce costs and optimize operations amid intense competition from AT&T and T-Mobile in the saturated telecom market."
datetime: "2026-07-17T13:01:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293040292.md)
  - [en](https://longbridge.com/en/news/293040292.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293040292.md)
generator: "portal-rs"
---

# Verizon to sell 274 stores, cut 500 corporate jobs

Major store sell-off: Verizon will transfer 274 corporate-owned retail stores to franchise operators, retaining about 1,000 under its ownership. Job cuts continue: About 3,000 positions will be affected, including 2,500 retail roles and 500 corporate jobs, following previous large-scale layoffs. Competitive market pressures: The restructuring aims to cut costs and optimize operations as Verizon battles AT&T and T-Mobile in a saturated telecom market.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**