American telecommunications giant Verizon is reportedly planning to lay off approximately 15,000 employees.

According to informed sources, the new CEO of the American mobile communication giant Verizon plans to lay off about 15,000 people, marking the largest layoff in the company's history. Sources say that this layoff will affect approximately 15% of Verizon's employees and is expected to take place as early as next week. The sources also added that this layoff will result in a reduction of over 20% of Verizon's non-union management employees, and the company plans to convert approximately 180 company-owned retail stores into franchise stores.