November tech layoffs: Verizon, HP, Apple and HPE confirm thousands of job cuts

Layoffs

November turned into another tough month for employees across the tech world. Several well-known companies, including Verizon, HP, Apple and Hewlett-Packard Enterprise, either announced fresh layoffs or continued job cuts that had already started. While the reasons differ slightly, the overall picture is clear. The industry is trying to cut costs, simplify operations and shift focus to new priorities in a slowing market.

Verizon delivered the biggest shock of the month when it confirmed plans to lay off more than 13,000 employees. A memo sent to workers explained that the company wants to “simplify” how it works. According to the memo, customers often face delays and unnecessary complications, and Verizon wants to remove anything that slows down the experience.

Sam Schulman, who sent the memo, said the company needs to focus its energy on setting Verizon up for long-term success. He added that becoming faster and more focused will help Verizon serve customers better and find new opportunities.

However, not everyone believes job cuts alone will fix Verizon’s problems. Industry expert Dominick Miserandino told TheStreet that the layoffs will not be enough to get the company back on track.

HP also made headlines in November. The company announced that it may cut between 4,000 and 6,000 jobs worldwide by 2028. The goal is to streamline the business and rely more on artificial intelligence to speed up product development.

HP believes these changes will make its overall operations more efficient. The company has been dealing with lower demand for computers and printers, and it now wants to reshape itself to keep up with changing market conditions. Although the cuts will happen gradually over several years, the announcement added to the growing concern about tech jobs.

Apple, known for being steady even during tough market conditions, also made adjustments this month. According to Bloomberg, the company is cutting several sales positions that handle business accounts, schools and government agencies.

Apple is looking to reorganize how it sells large numbers of devices and services to institutions. The company believes this area can be handled with a smaller, more focused team. The cuts are not huge compared to other companies, but they show that even Apple is tightening its structure.

Hewlett-Packard Enterprise continued its layoffs through November, cutting 52 jobs at its San Jose campus. These cuts affect people in cloud development, engineering and product management.

The layoffs actually began last month but carried into November. While the number is smaller than the cuts at Verizon or HP, it is part of a steady pattern across the tech industry.

Taken together, these layoffs show that many tech companies are entering a rebuilding phase. The market is not growing as fast as it once did, and competition is increasing. Companies now want to become leaner, more efficient and more adaptable.

But for thousands of workers, November became a month marked by uncertainty and change. As the year comes to an end, many are watching closely to see if these job cuts help companies regain stability or if more layoffs are waiting in the months ahead.