Thread regarding Verizon Communications Inc. layoffs

From #LinkedIn: https://www.linkedin.com/posts/sowmyanarayan_your-boss-doesnt-have-time-to-talk-to-you-activity-7367601549381931008-wx61?
Sowmyanarayan Sampath -
Chief Executive Officer - Verizon Consumer :
1d • 1 day ago • Visible to anyone on or off #LinkedIn

Companies are reducing middle managers - increasing spans, reducing layers. Both good things to do as it prevents micro-management (bigger spans) and decisions get taken faster (fewer layers).
BUT

1. Will create fewer career progression options for employees - So folks will be open to moving between companies - Higher attrition
2. Talent pipeline and succession will be more difficult as the pool is smaller
3. Will need to create in band salary increases which are often very tough to administer and always drives a feeling of inequality.

https://lnkd.in/esSKcUfA

@a7

Funny how this “efficiency” play is always sold as a win for speed and agility, yet the hidden cost is churn, lost mentorship, and a hollowed-out talent bench. Flattening looks great on paper until you realize people stop seeing a future where they are — and start seeing the exit door.

I don’t know who ever bought into Level Up, but you’re supposed to get a 10% raise for an increase in title if the pay band minimum doesn’t take you even higher.

Level Up gets you a promotion without a requisition, but at 3% without ever getting your other 7%.