---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-107066"
form_type: "8-K"
ticker: "LUMN"
cik: "0000018926"
company_name: "Lumen Technologies, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:28:06.438213+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lumen Technologies cutting workforce by less than 7%; expects $90–$100M severance costs

## Summary
- Workforce reduction via involuntary and voluntary separations totaling less than 7% of employees.
- Severance and related costs estimated at $90–$100 million, expensed in Q2 2024.
- Reductions expected to be substantially complete by end of Q2 2024.
- Part of ongoing transformation and cost reduction initiatives aligned with strategic priorities.
- No other material impairment or exit costs anticipated from this plan.

## SEC filing metadata
- accession: 0001193125-24-107066
- form_type: 8-K
- ticker: LUMN
- cik: 0000018926
- company_name: Lumen Technologies, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18926/000119312524107066/0001193125-24-107066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18926/000119312524107066/d799398d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-107066
- JSON: https://secwatch.observer/filing/0001193125-24-107066.json
- Plain text: https://secwatch.observer/filing/0001193125-24-107066.txt

## Key facts
- Restructurings & Charges
  Lumen Technologies, Inc. announced a restructuring with charges of approximately $90 to $100 million (less than 7%).
  - Type: restructuring
  - Charge: approximately $90 to $100 million
  - Headcount: less than 7%
  source text: completed by the end of the second quarter of 2024. As a result of this plan, the Company expects to incur severance and related costs in the range of approximately $90 to $100 million, substantially all of which we expect to record in the second quarter of 2024. Other than these costs, the Company does not expect to incur any material impairment
  evidence_url: https://www.sec.gov/Archives/edgar/data/18926/000119312524107066/0001193125-24-107066-index.htm

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