Thread regarding Verizon Communications Inc. layoffs

@aa A company is not always required to provide notice if it offers severance benefits, but it must comply with the WARN Act or state laws for mass layoffs and plant closings.

If an employer fails to give the required 60 days' notice under the federal WARN Act, it can provide a severance package instead of notice. The severance package can serve as payment in lieu of notice and may be used to offset any damages the company owes. However, the severance package must be "voluntary," meaning it isn't already required by another law, contract, or company policy.

Key points about WARN Act and severance

WARN Act notice: For qualifying employers, the federal WARN Act requires 60 days' advance written notice for mass layoffs or plant closings.

Severance as pay in lieu of notice: An employer can offer a severance package as an alternative to the 60-day notice period. This package can include pay and benefits for the 60 days.

Offsetting damages: If an employer provides a voluntary severance package, it can be used to offset the back pay and benefits the company would otherwise owe for violating the WARN Act.

Voluntary payments: The severance package must be "voluntary," meaning it's not something the company is already legally required to pay under a separate law, contract, or established company policy. If it is a mandatory payment, it cannot be offset against WARN damages.

State-level laws: Some states have their own "WARN" acts that may require longer notice periods or have different requirements than the federal law.

@OP the best thing I did was leave in Sept 2024 with the volunteer program. Coworkers (young ones too) were dying and ending up in the hospital. People were and still are miserable there. Leaders ruled through tyranny and would stop at nothing to make you feel like a worthless you know what. That place nearly cost me my own life. Doing more with less became a common saying but the reality is you will work yourself to death. No company is worth it. My thoughts are with all of you. If you are impacted consider it the gift of life. I promise you the grass is much greener outside of that miserable place.

@OP, grateful for your insight and courage to post.

I think with all the panic posts coming in, everything is aging past page 1 pretty quickly.

Thanks again, tho.

Thanks for you uber insight. Feel like sharing the power ball numbers with us

You get the “I told u you so ribbon”. Thanks sport - hope that helps you at night…

@aa Depending on the state, only 30 days may be required. Some states are 60 and others are 90 days.

@ac yes.

@OP, when you say last week does last mean last week 11/2 - 11/6? Or the week before

Is there a minimum severance for less than a year?

I thought federal WARN laws require at least 60 days notice. how can anyone be released as soon as December?

@a2
I heard you loud and clear.Thank you

Einstein, you forgot dividend decrease.

Tracks with what I'm seeing and hearing

@a4 I posted everything I was provided. We’ll have to wait until Thursday assuming we’re all peons.

How did you learn this?? Do you know the percentage and if some are entire orgs being wiped?

@a1 IT IS LITERALLY HAPPENING RIGHT NOW.

OP here - whats funny is that when I posted this I was told I was making a big deal about nothing and there would be no layoffs and that I was hurting employees by posting this... I bet everyone believes it now that IT IS HAPPENING... I would believe it bc it is direct from our company. I was just trying to help everyone be prepared as soon as I could.

All lies