On April 19, 2024, Lumen Technologies Finalized Plans To Reduce Workforce By Less Than 7% Through Combination Of Involuntary And Voluntary Separations - Filing

These initiatives are expected to be substantially 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 it expects to record in the second quarter of 2024. Other than these costs, the Company does not expect to incur any material impairment or exit costs related to this plan.