---
schema_version: "secwatch.filing_event.v1"
accession: "0000732712-24-000056"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:21:23.017707+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Verizon expects $1.7B-$1.9B severance charge in Q3 2024; 4,800 to separate

## Summary
- Voluntary separation program for U.S. management employees: ~4,800 eligible; over half exit Sept 2024, rest by March 2025.
- Records severance charge of $1.7B-$1.9B ($1.3B-$1.4B after-tax) in Q3 2024.
- Also records asset and business rationalization charges of $230M-$380M ($170M-$290M after-tax) from ceasing real estate and exiting non-strategic businesses.

## SEC filing metadata
- accession: 0000732712-24-000056
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000073271224000056/0000732712-24-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000073271224000056/vz-20240912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000732712-24-000056
- JSON: https://secwatch.observer/filing/0000732712-24-000056.json
- Plain text: https://secwatch.observer/filing/0000732712-24-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.