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Bloomberg: Verizon Communications to Shed Regional Offices

1 min read

Bloomberg Business is reporting that Verizon Communications has informed employees that the company is reorganizing its wireless operations by reducing the number of regional offices and that it will cut an unspecified number of jobs.

Verizon’s South Central regional headquarters is in Little Rock. Local Verizon spokesperson Ginger Daril referred questions to Verizon’s corporate office. 

Jeffrey Nelson, vice president of Verizon’s Global Corporate Communications, told Arkansas Business late Thursday afternoon that he couldn’t provide any specifics but said, “We are constantly working to evolve our operations to best support our customers’ changing needs.”

The Bloomberg report said the company will reduce its 20 regional offices to six, and sales and retail store employees won’t be affected by the layoffs.

More from Bloomberg:

Verizon, which had a workforce of 177,900 as of the end of the third quarter, is seeking to cut costs as U.S. households give up their traditional home phones in favor of mobile technology.

The company gets about 29 percent of its revenue from landlines, and is investing in wireless and Internet-delivered content. Last month Verizon introduced go90, a free mobile video service with shows aimed at teens. In 2000, landline operations accounted for 67 percent of revenue.

Verizon’s South Central regional headquarters was created after the company purchased Alltel in 2008.

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