#rumor

Verizon to focus on Verizon brands

More layoffs are coming tomorrow… Update your resumes.

Yes you heard it here first a high up manager confirmed.

Maybe people need to understand that one team could get hit at 30% and another at 15%. That doesn't make peoples posts a lie. It just means when they say 30% it may not be for everyone. Most Verizon employees have zero understanding of what goes on across the entire company.

If some layoffs still happen, I just hope it won’t be as massive as everyone’s been expecting. I need this job. We all do. At least until things get better. Then we can decide to hate it, change it, or move on. Right now, it’s a total sh-tshow out there. My family can’t afford even one of us being jobless for more than a month or two. So, fingers crossed we’ve been wrong all along.

“We have nothing new to report and we cannot comment on online rumors and speculation, though much of what has been reported is false and inaccurate,” Spokesperson - Kevin Israel (Crisis Communications and Reputation Management at Verizon)

You all will be very disappointed very soon when you find out you are expecting a Drama Movie and the movie ends being a comedy....live on. There will be big changes and the normal EOY sheet cleaning but nothing extraordinary like you all falsely claim here....believe me not?....wait and come back here in two weeks

Someone is spreading fake news here. Nancy just got new meaty role.

Stop spreading rumors if you do not know

https://www.the-sun.com/money/15469725/verizon-denies-rumors-employee-layoffs-mass-closures/

made today's list huh

https://x.com/TheLayoff/status/1988302663214383307?s=20

Open thread.

Initial thought: Pete sounds like he has no interest in being on this call. Perhaps Gail is leaving and he's been told he's not the heir apparent.

On the floor at BR.. seeing many VPs ,Sr Dr are having meetings that are not work related.

Sr Dr are meeting one by one with this VP.. most likely lists are getting generated.

Have Houston layoffs started yet? Maybe they have changed their minds.

I’ve heard 11/13 or 11/20. Which is it? And what’s the scope and the extent?

An AD I know got let go today. More to come for sure.

You realize this will happen in Freddie few weeks from now?

It appears at least some level of layoffs are in progress at Viasat

So if rumors are true, looks like Boulben’s org is being hit hard. Deservedly so. I counted at least 20 AVP’ers and above. Seriously? For an org that really drove us to a lot of the issues we’re having. Kept raising prices and a lot of questionable value-prop decisions. If the trend continues, I applaud Dan’s decisions.

Heard there was a call this morning with FTEs.

Haven't heard from Sampath since announce of nee CEO. Is Sampath on his way out? If so, would guess to think big changes for VCG and possibly even Sampaths baby Case Management??

Android Authority (link below)

Rumors suggest Verizon will announce layoffs and store closures around November 20, though details remain unconfirmed. The company reportedly plans to shut down less-profitable stores and cut staff across remaining locations, while expanding AI automation to fill the gaps. It’s unclear if other big changes will be announced around this time, though it’s possible that there’s more to this coming shift than just layoffs.
Last week, I wrote an opinion about the current state of Verizon, as well as some of the moves it might need to make to right the ship. I also mentioned it seemed obvious that store closures would be part of this process and that Verizon’s situation would likely get worse before it got better. It seems this may be happening sooner rather than later, as rumors of imminent closures are flying around on online communities like Reddit and The Layoff. Likewise, a few publications have also picked up on the rumors, such as Phone Arena.

First, it’s important to be clear about this: none of the people I spoke to had specific details, only reports from their managers suggesting layoffs are on the way and likely to be announced on November 20. These cuts will reportedly include both complete store closures and staff reductions in locations that remain open. I also learned of an internal email from the new CEO late last month stating that the company will take “bold actions to make the company leaner,” which was similar to the remarks made during the company’s last earnings call. Like the previous call, the email offered no specifics.

From what little has surfaced, Verizon is expected to close underperforming corporate locations while “optimizing” those that stay open. The total number of affected stores remains unknown. There are also rumors that AI automation will play a larger role in the surviving stores, allowing them to operate with smaller staffs. For those unaware, this sounds somewhat similar to T-Mobile’s recent in-store changes that rely on T-Life.

Verizon has already embraced AI, so this part of the rumor isn’t all that surprising.

Earlier this summer, the company unveiled Project 624, an overhaul of its customer service using AI to streamline the experience. It also introduced an automated shopping tool that attempted to upsell me during a recent line addition for my son. Based on that, I’m skeptical that AI-driven retail changes will do anything other than accelerate the decline of Verizon’s brick-and-mortar business.

Further changes beyond closures and automation are possible, but we’ll have to wait until later in the month to know more. It’s also important to remember this is all rumor for now, and is subject to change.

https://www.androidauthority.com/verizon-shutting-down-stores-3613951/
Joe Maring / Android Authority

So, what's the scoop and how many will be laid off? Who do they target.

https://stocks.apple.com/AoOinDLVBRT-cbsHb5qkPGg

The layoff train is coming and the next stop is pound town.

I’ve been hearing rumors of layoffs being planned before year‑end. Normally I wouldn’t worry about those kinds of rumors, but I’ve heard the same story from several completely unrelated sources now, and it’s starting to stress me out. If anyone has additional info (or can say with confidence that it’s not happening) I’d really appreciate you sharing it.

Ok someone somewhere knows exactly what is coming in the next 4-6 weeks, if I am getting a layoff then some time to apply to other better companies would be very welcome! Someone has walked by a conference room and seen the closure lists or the new Org charts so come on spill the beans? Orlando got a big bunch of the frontline gone and by my calculations we need about 2500 more to go to hit the number we all keep hearing about!

She knew (as is knew-knew, iykwim) about BL and covered up. Done 1/1!

Has anyone heard about DE’s plans for Pluto? I’ve seen rumors here that Plutos days may be numbered… but would it make sense to spend all this time and money converging P+ and Pluto to then just ki-l Pluto?

Thank you for your attention to this matter.

I hear notices going out. Please share what you know

Any truth to it? I don’t personally know anyone, but that doesn’t mean it didn’t happen.

I guess they aren’t going to bother to address the quiet layoffs they’ve had this week at HQ?

Heard from 5 people in different departments that that 25% number being floated around is basically accurate.

is this really going into the 50's? i seriously expected a bounce into the 80's by now. this is bad

rumor has it that Corp Risk will be impacted

I keep seeing post about RIF's / layoffs / etc, but wondering if those have more to do with local field maintenance technicians and not Building Automation staff.

I haven't heard of anyone in the few hundred people I deal with on a monthly basis getting let go. I'm not based out of any major hub.

While we don't know exact count, rumour and water cooler chats are a buzz about ~1k cuts at each location / BU.

Majority of these are are level 6,7,8, squad leads, scrum masters and few 4,5 to make it seem random "business strategy alignment"

Sick joke, FU Bob 🖕🏻

https://www.moneycontrol.com/europe/?url=https://www.moneycontrol.com/technology/ibm-to-cut-2-700-jobs-as-experts-warn-more-tech-layoffs-loom-this-year-article-13656587.html

Anyone heard anything about this?

So with Edmundo moving on to greener pastures. Any ideas who will be taking his place? I have heard Dave Marino is in the running to pick up where Edmundo left off. Let's hope this is true.