#allhands

Heard a rumour that the whole all employee call this week is going to be created by AI to show everyone what it can do…can’t wait to see if this is true

The all hands on Monday were being nothing burgers. They did not say anything new. They sent an email with the changes then schedule an all hands over a week later to say the same thing? This is why VZ fails. Redundant and inefficient. Bet Friday’s call will be the same. It’s evident that things will not change. Dan the hatchet man is that, the hatchet man and will sadly pass it off to Scampath who will continue to tank the company. Leave while you can. VZ will not survive this 13k RIF. Culture, morale is dead there’s no coming back from losing trust in your people.

What’s this all about?

Any news?

So, on Monday we have a Consumer Group all-hands with Sampath. Immediately followed by one with DK for Value. I normally hate all-hands calls, but this should be interesting. Any bets on topics?

Time for hundreds to go sit in a war room and pretend like it’s the 80’s and we don’t have laptops to support from home. Put on a smile, wear holiday sweatshirts and pretend to be honored when leaders show up or in the case of MD send a video of thanks from Seattle.
Everyone gather for a photo to be shared in the all hands and come to work sick next week from the shared germs. Happy Holidays

While the plan was being developed to layoff 15,000 people a retention bonus was extended to Sampath and the CFO Skiadas. Each received $4,000,000 in stock. Hans will collect close to $25,000,000 for 2025 and will continue to get paid as an advisory member of the board. Dan's salary is $1,500,000 with long term incentives that will mature to $60,000,000.

Let that sink in while you navigate your job search. For those that have expressed guilt because you still have a job and your peers were let go, ask these execs how they manage to sleep at night. They are making a windfall while others suffer. Sam can speak to this in the next all hands and explain how execs and the front line are treated equally.

Surprised to see Gina’s internal email in the press already! 😀.

Will be interesting to see how the board addresses this in the all hands next week and their comments on share price + continued transformation.

As a TSYS Issuer TM I was very excited when I heard we were getting AWAY from GP and joining forces with a company I thought MAY know how to do us better. I figured it definitely couldn't get any worse than being treated like the ugly stepchild like GP has done us. With that being said I'm losing confidence daily and at this point just hope I have a job in this cr-ppy market. I'm sorry and I hate that you all have been going through all the same cr-p that we have (McKinsey) recently. Just to add a little icing on the cake your CEO and Chief People Officer joined our Issuer All Hands this morning and we're about as happy and excited as anyone could be. Hard to imagine they could be so happy at the exact same time their TM's were being fired via Google Meets. Really makes me feel warm and fuzzy about joining the team! Not an ounce of regret or remorse in either of their voices. 🤬

At first they mentioned how we outperformed booking revenue and we hit all these expectations and more. Then they briefly mentioned layoffs and the just said they can’t say anything about it and just to put your head down and wait for the storm to end. Looks like it’s happening even when we are over performing in some segments.

Anyone notice that a few SVPs weren’t included in the Q&A today? Yolanda, Julie, Kwame? What could this mean? Do they have nothing to contribute? Some of the questions involved their groups… I would have like to see them speak.

Love that he kept the meeting and is actually addressing the issues (well, sort of). Still, much better than all the "leaders" who are simply hiding and too chicken to talk to their employees (like Kyle or Shankar)

Is the all hands on Thursday to announce a new CEO or just the standard quarterly earnings BS?

In today's all hands meeting, the CTO pretty much said Citi will follow the lines of Amazon and Meta and will be laying off people. He didn't say specific numbers and exactly when but the message to me sounds like there will be layoffs coming.

Legg all hands. Share your perspectives here

Lots of uncertainly and nervousness after yesterday=Some nice recognition--finally !

We don't get many pats on our backs any more=just kikks in the aarse+The CEO is starting to lose the rank and file=Only 55% of company in attendance=We used to get 90% on these meetings=The sales guys seemed down and had low energy=Seemed like deers in headlights=Compassion & passion is gone+Thought process is always changing like flags flapping in wind=Meps, Peps, and fops, gops, mops, (huh?) wtf? are labor intensive, high maintain, low margin that we don't want anything to do with.

Sampath cancelled the VCG All hands meeting for next week. Is he on the way out?

Is Joey available to go tell Frank he is a fraud and low life parasite? I remember Frank on the all hands calls in 2014-15 saying he was a real estate guy and did not know much about payments. That was probably the most honest thing I ever heard him say.

Also remember Franco used First Data money to buy thousands of copies of his side-kick Joey's lame book, and mailed it to employees. I read it, a complete waste of ink and paper, and used it as a door stop for awhile until a flood in the office made it moldy.

Seriously, ever heard of an all hands ‘ live via slack? this is VBG and a massive organisation in VBG; that is everything under the CRO besides direct sales…
All hands via a slack channel ‘ask leadership and business partners anything slack channel…
Also hearing via a via that a merger with BT global ( international) isn’t off the cards yet. … who have been for sale for 2 years or so.
Anyways also heard it’s 20 to 30 percent reduction.

Reminds me of 2003 when Mci world com fired people via sms…

ELT has made it clear they frequent this site, so, what burning questions do you have but don't want to ask through their supposedly anonymous form?

What are the chances that if earnings don’t go well on Wednesday, they won’t do the standard all-hands call (like the cowards didn’t in Q2).

I guess It’s too hard to fellate each other on stage when your incompetence is laid out in black and white for all to see.

If 17 years at company has taught me anything, nothing good ever came from an All Hands Meeting. They're not announcing new jobs or pay raises. Hopefully those impacted by what's coming have been given a good heads up and nice Payoff.

Still tuned to this thread on Nov 6th.

Canceled abruptly!

What do you think will be addressed at today's townhall? What do you think will happen?

There was supposed to be an Accommodations in the Workplace presentation by AbsenceOne, this coming Tuesday, 10/21. It was postponed with no new date announced.

Could 10/21 be the day?

So there is an All Employee call on the 23rd. So i guess that means there wont be a layoff on that day? Who knows

Quoting Proverbs. He is starting to get desperate. I wonder if that's because he knows who is new boss will be and recognizes he will soon be without a job.

John and other leaders answer your questions on the state of our company…

Have a question for John, Pascal, Jenifer, or Kelly ?

Post it in advance on Viva Engage. Then be sure to attend or tune into the “live only event” to confirm that it has been completely ignored.

567.

Word on the street is that new CAO Scot Rogers summoned ALL VP+ roles from around the world to Possible LA this week. Everyone VP and above. Seriously? Why? Most of those people have zero to do with sales or customers. That's a TON of expense for a company that is underperforming at epic levels and laying off really good people every few months. Has anyone at the top even looked at the stock price recently? TD is being SO poorly managed. Why hasn't the Board fired Steve McMillan yet? He's clearly incapable of steering the ship around the giant iceberg directly in front of him.

Was his message: We did a few layoffs to invest in ai, but it was not performance based AND our focus for the next 6 months is to integrate AI in all our code so that they can more easily get rid of us?

Anyone here attended it? Was it any good? Anything important discussed?

Any guesses as to the subject(s)

Look at the counts of views on today's posts here. Over 13,000 alone in one of them. A large percentage of the employees come here for info now, where the company can't control it. Boycott his next town hall to show him how little you care about his BS speeches. He doesn't care about you. The company doesn't care about you. If they want a disengaged workforce, give them a disengaged workforce.

Anyone excited about the"coffee with J" session next week. Considering the continued beat downs, I'm sure he's excited about it. He'll get all the awkward silence he loves so much as no one will speak up for fear of retaliation.

Personally feeling, it seems like the execs talked a lot but in the meantime it means nothing to me in the end.

We received an email today from our group leader to say that he ‘strongly’ advises us to attend the CES town hall next week. First time we’ve ever had an email like this so we immediately started getting our conspiracy thinking hats on to try and come up with an idea of what’s happening.
Maybe it’ll be more of the same or maybe a big announcement, who knows.
Anyone got any clues as to what it is?