AT&T and Verizon continue to aggressively eliminate staff. You have to wonder where the bottom will be in staffing levels.
In September 2024, Verizon announced that it would cut 5,000 positions. As of January 1 of this year, the company had 99,600 employees, down 5,000 from the beginning of 2024. As of January 1 of this year, AT&T had 140,990 employees, down 8,910 people during 2024. At the beginning of 2000, the two companies employed over 475,000 people, and since that time have shed a little over half of their employees.
The following graph shows the employees of the two companies since 2000.
Verizon has steadily cut full-time employees during this century. The graph doesn’t show any disruption from Verizon’s purchase of AOL in 2015 and Yahoo in 2017. The graph also doesn’t tell the whole story since Verizon has also outsourced positions during this time. I recall a controversy at the end of 2018 when the company outsourced 2,500 IT jobs to India.
AT&T employee counts are a lot more complicated since AT&T acquired a lot of companies this century, including BellSouth in 2006, Leap Wireless in 2013, DirectTV in 2015, and Time Warner in 2018. AT&T subsequently shed both DirecTV and Tim Warner. Even with the turmoil caused by purchasing and ditching subsidiaries, AT&T has steadily been eliminating staff.
Both companies are currently actively striving to eliminate copper networks, with Verizon is much further along with this effort than AT&T. However, Verizon is slated to merge with Frontier sometime this year, which will bring new employees and a return of a lot of copper networks that Verizon had ditched to Frontier in the past.
Both companies also say they are considering how AI might streamline operations, which probably means even further cuts in staffing over the next few years.
This is all a far cry from the time when AT&T was the telephone monopoly and had over 1 million employees, making it the biggest employer outside the U.S. military. It’s anybody’s guess how much more these companies can slash staff and remain viable.







