Thread regarding Verizon Communications Inc. layoffs

Client Execs in VBG handed notice this week, off payroll 12/19. 3 weeks/yr.


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Post ID: @OP+1k8y0be8t

12 replies (most recent on top)

Anyone has any details about the severance package information? Curious if it includes stock grant (RSU)?

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Post ID: @hh+1k8y0be8t

@a1 poor top line means sales isn’t selling enough. They go straight to sales to make cuts because they’d be turning those teams over anyways for some new blood.

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Post ID: @dp+1k8y0be8t

@dm no one forces the money into your hand. You can 1.) CHOOSE to accept severance, in exchange for signing a hold-harmless arbitration agreement, 2.) CHOOSE to decline severance if you plan on suing over your termination, 3.) CHOOSE to pursue another position within the company, and do neither 1 nor 2.

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Post ID: @dn+1k8y0be8t

@av What does "offered" mean?
You get offered if it's voluntary.
You get notified if it's involuntary.

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Post ID: @dm+1k8y0be8t

Well if it is on Reddit then it must be true

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Post ID: @be+1k8y0be8t

It’s true. Friend of mine who is a client executive was let go today

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Post ID: @b3+1k8y0be8t

@a8 there’s people talking about it on Reddit in r/Verizon

The guy who actually GOT notice confirmed he was offered 3 weeks for each year of service.

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Post ID: @av+1k8y0be8t

How is the calculation?

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Post ID: @an+1k8y0be8t

Fakes news and cruel. Zero 3 week offers.. even with enhanced severance done previously

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Post ID: @a8+1k8y0be8t

@a5 If it is Fake news, tell us when and who cause seems like you must know something

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Post ID: @a6+1k8y0be8t

Fake News!!!

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Post ID: @a5+1k8y0be8t

Dang straight to sales is scary to hear.

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Post ID: @a1+1k8y0be8t

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