AI & Jobs Verizon's Layoffs Cross 16,600 as Record Profit Undercuts the AI Story
On August 17, the Supreme Court declined to hear Verizon's appeal to recover a $47M FCC fine over customer location-data sales. The same stretch, Verizon's Q2 numbers showed record profit alongside 16,600+ cumulative job cuts since October 2025, and the company says AI has nothing to do with it.