Thread regarding Verizon Communications Inc. layoffs

@OP apparently you know sh-t about what's happening in Europe

Why apologize for stating what is true? All prophesied here has largely come to be other than there being a mass union layoff and even there buyouts will likely be used to lower headcount before August. Dan has a plan he has been quite clear about and yes it includes more layoffs at least for the coming year or so.

@ca ya …. Sounds familiar… most of cwa rejected 2012 too where we started paying for healthcare due to ACA …. A lot rejected 2016 too when forced back to cover hurricane disaster after out 7 weeks …. … so it’ll get forced thru guaranteed

@f5 small correction he is here for himself to be rewarded for driving stock price up so the board members can ALL cash in their stock options for a hefty profit … once we see 60’s you’ll see them all start to dump their holdings . It’s a predetermined number they are driving the price too and they’ll all sell once getting close to maximize

@f5 Facts!! We're just another statistic & the end game is golden parachutes for the big wigs.

@sq You are automating yourself out of a job.

Hahah. They have me literally automating my own position now and they want it done ASAP.. So tell me what exactly that means? They are getting rid of a sh-t more ton of people. It's coming.

@cm Are you kidding me ? Plan ? THERE IS NO PLAN, other than the "master" cash in the most he can. The guy has no leadership skills whatsoever. He's not here for Verizon ! He's here for him, and him alone. We're his "pawns" in this game. And " mixed martial arts" ? ....my @$$ - He is a nobody, a tool.

You have to be kidding. Tiger has only begun. There will be at least another year of slashing.

@cv I’m not saying nothing will happen on March 19th, but I highly doubt it. I imagine March 19th is just the last day for the last round of people to come off the books from the November 2025 layoffs.

@cv are you being funny, correct?

@cm the keyword being "voluntary" true?

@cm I know it doesn’t seem likely if you ask around the company but imo the extra cost of a vsp is worth the ability to make another big cut that everyone suspects is coming and say ok let’s move on from the distractions.
Give an out to the ones that want it and a little bit of confidence in the ones that stay. Guess we’ll just have to wait and see.

@cw you are in a much better place than i currently am at this juncture?

Please 🙏. Let it be me with a big severance package 📦

March 19th is the day for the next round.

@OP absolutely 100% wrong. NO MERIT!!! STOP POSTING!!!! YOU NO LONGER PROBABLY EVEN WORK AT VERIZON!!!

@ca: laced up and counting down, yes......... irrespective its time for the CWA to unequivocally feel and share the pain!!!!

@cm: you are wrong. stop your biases. sadly, this is the best at its going to get thus need to accept reality.

@ca CWA: will handle, dont worry. Hope you never ever return!!!! We dont need you!!!!! Uneducated freeloaders!!!!!!!!

@ca literally every CWA VZ employee i spoke to was pleased with the contract. Most people just want to work and go home, so long as things stay relatively the same they are more than happy

We are just back to the baseline of this site. BUT you'd be a fool to forget what Dan said- they are cutting 5 BILLION dollars from OPEX( operational expenditures). A large chunk of our OPEX is salaries. And he is always talkign about being leaner, what do you think that means ? Obviously cuts will continue, doesn't do anyone any good to put their head in the sand about this reality.

I have heard VSP from both a SVP and an AD. I find this hard to believe but its what they are saying. Maybe management should stop toying with employees. The CEO is responsible for all of this turmoil. He could follow through on the things he promised i.e... share the long term plan with us. He also could address employees and tell them not to worry about any more layoffs. Instead he spends his time on selfish narcissistic pursuits like, look at me I'm a cowboy, I'm rich, I'm a mixed martial arts master, I am an AI expert because I use it to write my wife a beautiful poem, and publicly firing an employee during a meeting. He has plenty to be ashamed of. Verizon needs some young smart leadership not and old tired looking narcissist.

@OP wtf lol, liar. total debt increased to 131 billion in December. VZ also issued hybrid bonds ($3.3 billion) in Europe just a few weeks ago presumably to fill a war chest for layoffs in Europe, still blocked by EWC

Nobody from the execs said sh-t about lowering the debt. Opex/Capex cuts will be used to buy back stock to increase its price artificially.... yeah this is great for big investors and CEO but the debt remains the same

Clean house at management levels. They add no value to the company.

Don’t speak too soon. New names were requested by next week.

Every week? Lol! We’re not out of the woods yet! They’re looking at another 15k and that’s not a secret. Su-ks but is what it is. Always keep your options open!

Don't accept unless stock together is continued.

@OP most of CWA has rejected the proposal so lace up ya boots and be ready to cross the lines!! I got a lot of trash in my truck to chuck at u!!