Or are we still in rumorland? I’ve been hearing similar things, but nothing certain.
15% RIF across the board, notice on Nov 20, off payroll Dec 19 is what we were told.
OP: @d5+1k89bz5ta
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Caught it today at 8:35am. Im still waiting to receive the details of the severance. I was in the field and top in productivity. This is devastation when you see people with lower results keeping there jobs. 12/19 off the payroll.
@3zy You should have raised your hand months ago.
@3zn is that just speculation, or is it based on something you've heard?
Does anyone know how I can request to be cut? I’m in my 35th year and ready!
@3dc ok Hans, pole smoker!
Retail will be hit the hardest this time around. They were mostly kept around previous RIFs because they were "making the sales." This time around it's sales teams that dropped the ball and didn't generate the revenue they usually did.
Also, non-domestic employees will be impacted as well as the plan to hire them for less backfired. The company is getting below average quality work from them and is causing duplicate work and increased medical leaves due to stress for over worked tenured employees.
Good luck to everyone that works there.
@3sr Band 6 can (if asked) makes suggestions, but Band 5 makes the final call.
@3js band 5 or band 6 make that call ?
Sorry you guys are going through this. I worked for VZ for 25 years, I skated through countless of layoffs. My gut told me to take the VSP. Glad I did. I knew this BS was coming. Prayers for you all.
@269 Your ranking in your group will determine whether you stay or go so folks ought to be cognizant of where they stand. That is unless your manager plays favorites and does not care about contribution.
Andy Brady is confirmed out. Anyone else know anything else? Worried in my region that means I am as well.
I for one hope to see the Board increase the dividend once again after said RIF takes place. I feel for all of you, but I'm so close to paying cash for a brand-new Vette.
Keep humping team VZ, stockholders genuinely do appreciate those of you being RIFd and those of you that survive.
@320 if your allowed to take vacation on one of the busiest sales weeks of the year then your job isn’t that important and your probably getting riffed.
I wanted to check whether there’s been any update regarding the senior directors. Have they been informed yet, or is that still in progress?
@2db so after notification has been made, laptops, cellphones and ID cards are turned in? If planned vacation was scheduled for the Thanksgiving week, one better cancel those days since they can't work without a laptop. Correct?
@ae Only if the last day is the day they tell you. WARN is minimum 30 days, some states are 60 or even more.
If we get notified in 11/20 that's when they will file WARN with the states in accordance with their minimum notice duration.
@2we Where do you ck that list?
Any updates on this guys? Which teams? Which org will be affected the most? I am hardly going to office even after 3 day mandatory rule.
I saw the town hall new CEO said layoffs are coming and they need to save money he was on day 22 day 25 he will now the route he is going day 45 we will now his plan. And the layoffs are not if it is when.
@26r nothing for New York State on their WARN site....maybe we missed this round
It is NOT a RUMOR it is True, for those who worked the last week of October your leaders had an “OR” Meeting as they call it and were gone for hours or entire day, that was the meeting in regards to cuts with HR on the call for guidance, some leaders have already been notified the post several post above were right about the timeframe being given…
@bc can we get an update?
@16b definitely
@2db Do you have any info on what percent of capex contractors will be impacted or how decisions about contractors will be made?
Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)
⸻
Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only
⸻
Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band
⸻
Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change
@ay most states have public sites to check. Search it up and you may see for your state what they submitted.
Vz is a joke. Left there years ago and still laugh at how often they use layoffs to cover pi-s poor management decisions around awful strategic decisions but hey, always excited to see the next #vzslogan of the day. Loving the slow crumble.
My managers told me there was a list already compiled and they would be told on the 20th
For those who are impacted, wondering if all benefits will end on 12/31 or if Vz will extend by 3 or 6 months?
@15n Congratulations!
@1aj tell your manager you volunteer , they may give you your wish and save someone who isn't ready
@1j5 Not enough time for it to be a RIF. Notified 11/20, off the books 12/20. Merry Christmas and Happy New Year. Our network and customer service may not be as reliable as it once was, but the Verizon annual Home For The Holidays program hits every year like clockwork. Go V Teamers!!!
@OP Another VZ home for the holidays. Sorry to hear it. Good luck to all of you still working.
@1j5 when will you be notified if your gone or safe ? Who decides, your band 6 or band 5 leader ?
@ae Will be interesting to see if this will be a standard RIF or another VSP opportunity.
The Worker Adjustment and Retraining Notification (WARN) Act is a U.S. federal law that requires certain employers to provide 60 days’ advance notice of plant closings or mass layoffs to affected employees, unions, and government entities.  The key thresholds that trigger WARN Act requirements are as follows:
Employer Coverage Threshold
• The Act applies to employers with 100 or more full-time employees (defined as those working at least 20 hours per week and employed for at least 6 of the 12 months preceding the notice date). 
• Alternatively, it covers employers with 100 or more employees (full- and part-time combined) who work a total of at least 4,000 hours per week, excluding overtime.  Employees with fewer than 6 months on the job or those working fewer than 20 hours per week are not counted toward the 100-employee threshold.
@1af In recent years Vz has always included STI as part of the RIF or VSP packages. Hopefully the new CEO will continue this.
It’s hard to believe reset the cuts will be massive considering from December of last year and March of this year there was a reduction in workforce through voluntary severance. I believe the cuts based on Dan’s history which is about 7-10% will be about 7-10,000 employees. If it’s more I’ll be shocked. As to when think we will hear something around mid November. Just my rational thoughts not the fear mongering I’m seeing in here.
@12d good, pick me. 38 years is enough
@OP company deserves what gets. Greedy as ever.