T · 8-K · 20261021PR000370

Headcount / Restructuring

AT&T INC. · 2026-10-21 · Importance 28 · Surprise 42

Employee separation charges were recorded in the third quarter and reduced reported earnings relative to adjusted results. The charges contributed to the $3.6 billion year-over-year increase in consolidated operating expenses and were included among the adjustments between reported EPS of $0.13 and adjusted EPS of $0.65. Adjusted EPS included a $0.09 per-share adjustment for employee separation charges. Legacy operating costs declined as copper-network decommissioning reduced personnel and other direct costs.