Verizon Stock Today (VZ) – November 21, 2025: 13,000 Job Cuts, $1.8 Billion Severance and a 6.8% Dividend Yield in Focus
Verizon shares rose 1.1% to $41.22 late Friday morning after the company announced over 13,000 job cuts and a $1.6–$1.8 billion Q4 severance charge. The layoffs, confirmed by new CEO Dan Schulman, mark Verizon’s largest ever and include converting 179 stores to franchises. Over 80% of affected staff will exit in December. The company reaffirmed its dividend, now yielding about 6.8%.