Thread regarding Verizon Communications Inc. layoffs

9 EVPs, 77 SVPs… 25% by 2030… so 6% a year tracks

This is AT&T’s “2020 Vision” but 10 years later, and the reduction goal being 25% instead of 1/3 of the workforce. I don’t know if there will be the COURTESY of another VSP but the HCL selloff was just a slap in the face. You had people with 30 years get denied the STANDARD severance, given NO runway.


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| 1972 views | | 3 replies (last October 14) | Reply
Post ID: @OP+1k7dn1ys7

3 replies (most recent on top)

My group was not eligible for the VSP, so some of us may be given no runway either; even from inside VZ.

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Post ID: @j4+1k7dn1ys7

@a8 after November 1, our exit money is significantly reduced every day until 2027 when it goes to 0. Layoffs announed every six months until their contract expires.

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Post ID: @aa+1k7dn1ys7

Are you saying some folks were transferred to HCL (Indian headquartered company running in US) and some of those transferred are being laid off without severance?

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Post ID: @a8+1k7dn1ys7

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