Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees ...

(Bloomberg) -- Verizon Communications Inc. will take a pre-tax charge of as much as $1.9 billion in the third quarter tied to 4,800 planned job cuts. The biggest US mobile carrier said it ...

Verizon Communications shares fell after the ... including a $1.7 billion severance charge related to job cuts and voluntary redundancies. The company also incurred a $374 million charge related ...

and for those who don’t take the severance option, the affected employees will be “informed of their future” at Verizon on June 23. The restructuring warning comes a month after Verizon ...

Verizon Communications recorded a smaller profit ... including a $1.7 billion severance charge related to job cuts and voluntary separations for certain management employees in the U.S. The ...

According to the report, which cited a Verizon spokesperson, the voluntary severance deal offers employees three weeks' pay for each year of service with the carrier, which the spokesperson ...

Verizon's net income declined to $3.4 billion from $4.9 billion a year ago due to $1.7 billion in severance charges resulting from a voluntary separation program and other headcount reduction ...

What Else: On the cost front, Verizon’s net income dropped to $3.4 billion from $4.9 billion a year ago, largely due to a $1.7 billion charge tied to severance payments from its voluntary ...

This decrease was primarily driven by severance charges of $1.7 billion ... NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported third-quarter ...

Verizon has been enhancing its 5G capabilities ... Another critical factor was the $1.7 billion severance charge impacting operating income, part of strategic restructuring efforts to streamline ...