#vsp

Give job title, yrs of service and offer

I got my VSP offer this morning and am considering it. I'm trying to figure out what I would get if I don't accept it, and get laid off instead. Does anyone know what the typical severance is during these rounds of layoffs? I'd like to compare it to my VSP offer.

Do we have any idea how many need to accept the VSP to ensure there is no need for a follow up involuntary round?

I can't take the constant stress of worrying about layoffs anymore. I even convinced myself, foolishly, that working hard might help me keep my job. It's strange how our minds turn against us when we're backed into a corner. A change of scenery, even a forced, prolonged holiday, would help me break free from that trap.

So if we get the email tomorrow about the VSP, we shouldn’t worry because everyone is getting them, or should we worry?

Certain employee groups are ineligible for the VSP “ “.

What are the specialized roles and core initiatives that would be “safe”

Are new team members exempt from the upcoming layoff or just not eligible for the VSP?

Senior executives- VP and up?

Some departments have been laying off staff for months now. Was that a separate initiative?

Why aren't any of the CEO's who make millions and millions of dollars a year taking the VSP and being transparent about it?

LEAD BY EXAMPLE!!

UNSTABLE PILLARS - FOSTER A HEALTHY ENVIRONMENT, DRIVING BUSINESS ACCOUNTABILITY

So now we have a Voluntary Separation Program. So quitting with extra steps.

:)

Want a huge bump to the stock price? Offer a package to the union side of the business. I believe many associates would take the offer!

I think with a vsp the termination play is out versus a vtp. Does anyone know

Are all areas facing issues with complete chaos in their depts because they lost the good leadership (and valuable associates) they had with VSP? My area is crumbling and the management we have been left with is relatively new with not enough knowledge to properly manage. I’m not sure her skillset has even included managing people before. It’s become a free-for-all with some associates logging on barely 4 hours a day doing pretty much nothing. We were swept under a new director who also had no experience with our departments responsibilities so he exists but has been 100% absent. We were already understaffed before VSP but the past 6 months we are sinking fast. Is this just my area’s reality or is this being felt across the company ?

I wish her the best and appreciate what she did for all us employees during Covid and the tough times we went through. She could have laid off many of us, and most kept their jobs, or took a generous VSP. I say this as an employee and not an investor, and I will always think she is one of the best, if not the best CEO for employees. Thank you again Vicki and enjoy your retirement. From a personal standpoint you made my retirement much easier with the VSP, and I know it could of been different.

For the folks who can't just quit. Does gain well offer a Voluntary Separation Program? I still would like to get unemployment but I cant just quit.

allowed to come back to work at VZ. Anyone else heard this?

The VSP and enhanced severance employees in 2024 were not supposed to be re-hired

Hi guys, I’m wondering how is the situation for our German colleagues.
I applied for an internal position there.
I heard that lot of people left by applying to the last VSP and now many teams are understaffed

Not talking about some C-Suiter who sent out an email about their new chapter in life, but someone you actually worked with or "adjacent" to (or at least in your building). I have over 10 years with VZ and can only name 2 people. Plus one more who took VSP at the time they were about to retire anyway, so make it 3 people who actually retired. What does that say about VZ?

I have seen several posts today from people who say they are leaving Verizon. Is this VSP or something else?

Can former VSP recipient be eligible for rehire after 12 months?

Anyone out there who quit, were VSP, ISP(Rule of 70) and didn't go to another financial firm, keep the LP at EJ?

Does anyone recall the details of the VSP offer from a few yrs back? Just curious how that stacks up against the current severance.

Also interesting to see Microsoft's August approach making VSP available if Ur age + YOE > 70. So long, old timers with experience, don't let the door hit u on the way out!

May should be interesting with the big exodus. Who will be out?

Can anyone who has been ISP'd tell me the severance differences between the VSP and being ISP'd? My position is about to be terminated. I was offered the VSP but didn't take it because Im nowhere near retirement. I know the VSP offered 2 weeks per each year worked. Does the ISP work the same, or am I going to be shorted severance because I didn't take the VSP? Trying to figure out my life after giving 18 years to a place I thought I was going to retire that has turned into a complete dumpster fire.

Are all the chemicals sites offering SVS or just US sites? Only heard of Geismar. Not sure about the others.

Can Dan or Sam offer a VSP already! Heard people were let go last Thursday. Nothing was communicated to our group. We were surprised to hear of anything. On top of that what happened to leadership communicating additional layoffs around the business?

Okay, turning in my 2 weeks soon then. Peace out y'all, the ships sinking fast and I'm making sure I get a lifeboat. GLTA

Is anyone able to clarify what to expect on the 26th. Is this just Europe, Middle East, Asia (EMEA) or is this also in the states? Is it an offer of a VSP or a RIF? The posts have been vague.

Are VSPP offers enhanced any or are they just regular layoff/severance package rates?

Have there been any offers to anyone other than Techs?

Anybody have any updates on layoffs or VSPP offers for outside techs now that the fiber is gone? Being as short handed as we were when I retired in December I can't imagine they would but the people running the show aren't exactly the smartest people in world.

I am in the January VSP group. What a relief to receive AIP today, and the net amount was around what I expected, maybe even a little higher. It's nice to close another chapter. Party at my place!!!

My area is getting rid of our contractors, and not backfilling even after a large VSP leave. Checking to see if other areas are experiencing the same in the very near future. Is CF trying to get the rest of us that’s left to just quit? Entire company has fallen apart more in the past few months, just when I thought it couldn’t get worse but yet HR pretends we’re stronger than ever? Have they read comments from our members or providers or even employees? Leadership definitely doesn’t know how to read the room.

I saw here that union folks might get the option. If Verizon's planning another big round of cuts, even if mostly retail, wouldn't it make sense to start with VSP and then reassess? That way, people who really need to stay have a better shot, while plenty of people I know would jump at a voluntary package. I know I would.

Does anyone have any information on upcoming RIF or VSP? Please share what you know.

I was expecting a piece of mail from Lake Mary FL last week. I got a photo of it from the USPS but I never got the actual letter. Can anyone tell me what it is and if it's worth the trouble of tracking down?

I assume most posters here are from the commercial side. Does anyone have insights into how things are going on the FEPOC side? Morale? VSP impacts? The organization became very top-heavy over the years, and I know a lot of VSP electees were MLT/SLT/ELT. However, there were also some seasoned "regular" employees with tons of technical and/or business knowledge who departed.

Great source called me and said there's chatter of VSP in March. Anyone else hearing anything? I bet a lot of ppl sign up for this one. I'm in!

During our end of year reviews several of us have been told that there is a good chance of a VSP in March. I find this hard to believe so soon, but it keeps coming up! Has anyone else been told this?

Anyone else heard the rumor of a VSP in March?