Verizon expects $1.6 billion to $1.8 billion severance charge, cutting over 13,000 jobs
Verizon said it expects to record a severance charge of $1.6 billion to $1.8 billion in the fourth quarter of 2025 as it cuts over 13,000 positions under a previously announced cost reduction plan. The filing says over 80% of affected employees will leave in December 2025, and the company expects a significant reduction in outsourced, contracted and other outside labor expense. The charge is a large one-time cost, while the cuts aim to lower ongoing costs.
Key points
- Expected fourth-quarter 2025 severance charge of $1.6 billion to $1.8 billion
- Elimination of over 13,000 positions
- Over 80% of affected employees expected to exit in December 2025
- Significant reduction in outsourced, contracted and other outside labor expense expected
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.