Eurodollar University BREAKING: Verizon Firing 15% of Workers!! (What You Must Know)
Nov 14, 2025
Verizon is reportedly looking to cut 15% of its workforce, pointing to a dramatic shift in the labor market. The discussion dives into the dynamics of the Beveridge curve, showcasing how declining demand is fuelling rising unemployment rates. Recent data reveals surging layoffs and fragile consumer sentiment, suggesting a looming economic urgency. The implications stretch to the credit market, hinting at greater risks ahead. With tightening liquidity and potential Fed asset purchases on the horizon, there's much at stake for the economy.
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Labor Market Hit The Flat Part
- The labor market has shifted from 'no-hire, no-fire' to a flat part of the Beveridge curve indicating weak demand for workers.
- That flat region makes further declines in hiring quickly turn into rising unemployment.
Verizon's Large Workforce Cuts
- Verizon is reportedly planning to cut 10,000 to 15,000 workers, around 10–15% of its workforce.
- The announcement just before Thanksgiving underscores urgency across large service firms.
Dwindling Service Backlogs Signal Trouble
- ISM non-manufacturing backlogs plunged to levels not seen since 2009, signaling weak service demand.
- Low backlogs force firms to consider layoffs rather than relying on work-in-progress to occupy staff.