I heard from a very reliable source 15% of the VEC MDU team is being impacted(Fios or Fixed Wireless) leaders have already had meetings with the HR Team and senior executives at the end of October to go over which employees will be impacted in the roles includes Client Executives,Associate Directors, Directors, and Senior Directors, basically each team will now have 4 client executives and covering more areas, 1 Associate director for the entire state, No more director roles, Q1-Q2 employees last day on payroll not December…if you dont believe me ask your leader what there “all day meeting was end of October” and see if everyone is giving vague answers, this layoff is starting from the top and trickling down to the bottom. calender invites will be sent out Nov 19th end of business day and your leaders will have two meeting Nov 20th, one is with the impacted employees and the other will be with the remaining team to notify them of what is happening. If your received a Leading you are technically safe, if you have any correction action disciplinary/attendance action, or your area is not performing or has decline in performance that might be an opportunity. There will also be a meeting being held with the new business module this week everyone should have a calender invite, I cant confirm any other areas of the business being impacted just this one!
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@1kb heard of a few CE's and BDM's that were cut.
Any news from VEC in the West?
T minus 48hrs. Anyone hear anything else for VEC??
It will be interesting how wireline maturing markets will be managed from a headcount and outsourced vendor model.
@an this is a gross misrepresentation of what that team does. Unfortunately, a small handful of bad employees have created this perception, but there are a ton of hard working folks in VEC that drive a ton of value. The ones who do what you described are being terminated.
I heard the Account Managers have no direct quota and basically watch other sales channels like Call Center and Vendor’s Door Knockerd actually do the sale. VEC also has a Client Executive group with monthly sales targets to get Fios units built and sell Fios Bulk services. So not all of VEC able to hide.
@bn doing the job of three people that barely do anything doesn’t even equal one full job. Partners have d2d people that only get paid per activation. B2B even when not selling are cold calling and being managed by saleforce. VEC has none of that. They don’t even have a hard quota.
New York, and i can tell you it is definitely true we generally do well in the Northeast in VEC, its all about ROI in investment we buy starry but we are trying to grow the profit not increase headcount basically you will have more territory to cover make more money for the business do the job of three people working leaner as Dan would say..the name of the game is shareholder and stakeholder ROI
@am it also makes sense that the purchase of starry and frontier could be the cause of workforce reduction in VEC?
I challenge anyone to spot check what the VEC CEs do daily and then comeback and tell us that group is viable. They set up a table and pass out flyers a few times or once per week. Some got busted for having another full time job during work hours. They call in and check in on the the leasing manager and that is basically the job. It is the easiest near 6 figure job in the company.
I’d be surprised, they just acquired Starry and Frontier. They’d need a lot of man power on the ground. Also, notified now, but let go in Q1/Q2? That doesn’t make sense either, what state are you in, OP?
VEC - Verizon Enhanced Communities is responsible for marketing and sales of FiOS and 5G home in residential apartment buildings (MDU)
In the MDU space, didn’t VZ just a few weeks ago announce the acquisition of Starry in the MDU space?
Definitely over staffed at Director levels. As for ADs… I believe they cover multiple Regions today.
Verizon Enhanced Communities - selling services to apartment buildings
Verizon Enterprise Circuits? MDU as we all know is Multi Dwelling Unit.
What is VEC ? Sounds non-profitable and expensive and Dan should get rid of entire org if so.