[8-K] VERIZON COMMUNICATIONS INC Reports Material Event

Rhea-AI Filing Summary

Verizon Communications Inc. plans a major workforce reduction as part of its ongoing cost-cutting program. The company expects to record a severance charge of $1.6 billion to $1.8 billion in the fourth quarter of 2025 tied to these actions. Verizon plans to eliminate over 13,000 positions, with more than 80% of affected employees expected to leave the business in December 2025. The company also expects its broader cost reduction efforts to include a significant cut in outsourced, contracted and other outside labor expenses, signaling a wider restructuring of its labor base.

Positive

• None.

Negative

• Verizon expects a substantial Q4 2025 severance charge of $1.6–$1.8 billion tied to eliminating over 13,000 positions, which will weigh on near-term earnings.

Insights

Equity analyst – telecom and large-cap restructuring

Verizon announces a large Q4 2025 severance charge and over 13,000 job cuts.

Verizon expects a severance charge of $1.6 billion to $1.8 billion in Q4 2025 related to a sizeable workforce reduction. This is tied to its previously announced plan to reduce its cost structure, indicating a significant restructuring of operating expenses.

The program includes eliminating over 13,000 positions, with more than 80% of impacted employees exiting in December 2025. In addition to direct headcount cuts, Verizon states it will pursue a significant reduction in outsourced, contracted and other outside labor expense, extending the cost actions beyond internal staff.

In the near term, the severance cost will pressure Q4 2025 earnings, while any longer-term benefit depends on how much structural expense is removed and how services are maintained after over 13,000 roles and outside labor are reduced.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 _____________________________________________________________________________

FORM 8-K

 ______________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: November 20, 2025

(Date of earliest event reported)

 ______________________________________________________________________________

Verizon Communications Inc.

(Exact name of registrant as specified in its charter)

 _______________________________________________________________________________  

Delaware						1-8606			23-2259884
(State or other jurisdiction of incorporation)						(Commission File Number)			(I.R.S. Employer Identification No.)
1095 Avenue of the Americas									10036
New York,			New York
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.10

VZ

New York Stock Exchange

Common Stock, par value $0.10

VZ

The Nasdaq Global Select Market

1.375% Notes due 2026

VZ 26B

New York Stock Exchange

0.875% Notes due 2027

VZ 27E

New York Stock Exchange

1.375% Notes due 2028

VZ 28

New York Stock Exchange

1.125% Notes due 2028

VZ 28A

New York Stock Exchange

2.350% Fixed Rate Notes due 2028

VZ 28C

New York Stock Exchange

1.875% Notes due 2029

VZ 29B

New York Stock Exchange

0.375% Notes due 2029

VZ 29D

New York Stock Exchange

1.250% Notes due 2030

VZ 30

New York Stock Exchange

1.875% Notes due 2030

VZ 30A

New York Stock Exchange

4.250% Notes due 2030

VZ 30D

New York Stock Exchange

2.625% Notes due 2031

VZ 31

New York Stock Exchange

2.500% Notes due 2031

VZ 31A

New York Stock Exchange

3.000% Fixed Rate Notes due 2031

VZ 31D

New York Stock Exchange

0.875% Notes due 2032

VZ 32

New York Stock Exchange

0.750% Notes due 2032

VZ 32A

New York Stock Exchange

3.500% Notes due 2032

VZ 32B

New York Stock Exchange

3.250% Notes due 2032

VZ 32C

New York Stock Exchange

1.300% Notes due 2033

VZ 33B

New York Stock Exchange

4.75% Notes due 2034

VZ 34

New York Stock Exchange

4.750% Notes due 2034

VZ 34C

New York Stock Exchange

3.125% Notes due 2035

VZ 35

New York Stock Exchange

1.125% Notes due 2035

VZ 35A

New York Stock Exchange

3.375% Notes due 2036

VZ 36A

New York Stock Exchange

3.750% Notes due 2036

VZ 36B

New York Stock Exchange

3.750% Notes due 2037

VZ 37B

New York Stock Exchange

2.875% Notes due 2038

VZ 38B

New York Stock Exchange

1.875% Notes due 2038

VZ 38C

New York Stock Exchange

1.500% Notes due 2039

VZ 39C

New York Stock Exchange

3.50% Fixed Rate Notes due 2039

VZ 39D

New York Stock Exchange

1.850% Notes due 2040

VZ 40

New York Stock Exchange

3.850% Fixed Rate Notes due 2041

VZ 41C

New York Stock Exchange

3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56

New York Stock Exchange

5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56A

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

On November 20, 2025, Verizon Communications Inc. (Verizon) announced that it expects to record a severance charge in the range of $1.6 billion to $1.8 billion in the fourth quarter of 2025 in connection with its plans to reduce its workforce as it implements its previously announced plan to reduce its cost structure. The workforce reduction will include the elimination of over 13,000 positions, with over 80% of the affected employees exiting the business in December 2025. Verizon also expects that its cost reduction efforts will include a significant reduction in outsourced, contracted and other outside labor expense.

Forward-Looking Statements

In this report we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Verizon Communications Inc.

(Registrant)

Date:

November 20, 2025

/s/ Mary-Lee Stillwell

Mary-Lee Stillwell

Senior Vice President and Controller

FAQ

What did Verizon (VZ) announce regarding severance charges in this 8-K?

Verizon announced it expects to record a severance charge of $1.6 billion to $1.8 billion in the fourth quarter of 2025 as part of its workforce reduction and cost structure plan.

How many jobs is Verizon (VZ) planning to eliminate?

Verizon plans to eliminate over 13,000 positions as it reduces its workforce under its previously announced cost reduction plan.

When will most affected Verizon employees exit the business?

Verizon expects that over 80% of affected employees will exit the business in December 2025.

How will Verizon’s cost reduction plan affect outsourced and contracted labor?

Verizon states that its cost reduction efforts will include a significant reduction in outsourced, contracted and other outside labor expense, in addition to internal headcount cuts.

Does this Verizon (VZ) filing include forward-looking statements?

Yes. Verizon includes a forward-looking statements section, noting that its expectations are based on estimates and assumptions and are subject to risks and uncertainties, and it invokes the Private Securities Litigation Reform Act safe harbor.