If you get notified that you are included in the RIF. When will your last day of work be?
Will your severance package be paid out in tax year 2025 or 2026?
Will you get to look for other positions inside the company?
Any other wisdom you might have to share.
As a remote employee I received a cryptic meeting invite from my VP. Called in to find him on the call with HR. He read a script and at the same time emailed me my severance package. Whole thing took 5 minutes.
So a few ways I have seen this go down in the past 20 years.
1st…. They were closing the location, so everyone who had no “write ups” were given 30 days to find a job within the company, if not you had to sign your severance by a certain day and leave the company. Back then it was great, they even offered you relocation assistance if you found a job within the company and it was over 100 miles from your current location! It didn’t matter what job, it was just Verizon wanting to keep you and help you in your situation.
I have also seen it where the employees are notified that they are no longer to work for the next 30 days, but are still on the payroll. They are to use that time to find a job within Verizon or outside of Verizon. But effective immediately they were no longer to work in their current role. By a certain date they had to have signed the severance package or secured a new position within the company.
You are told when your last day to work will be. You are advised that you will continue to work doing your job but you will need to create a document that outlines what you do and how you do it. This will be used to train your replacement if your position is out sourced or pass to pass it on to the person being left who will now do their job and yours. Still given the option to find a job within Verizon in a certain time frame.
The only time in all of the situations that I have had team members affected and they were not offered to find another position within the company was if they had some type of an hr incident on their current record…. Examples of attendance issues, final warnings for performance, code of conduct violations etc…. Those people were just advised here is your package…. Goodbye!
Good luck everyone! I feel like we are all going to need all the luck we can get. This is rumored to be very large numbers that we have never seen before.
There's a very detailed severance plan with FAQ on the intranet. In the past, when you were given the official or-l notice you got a letter with your specific numbers and official package by email a few minutes later. The package says some people will be required to work,it depends on job/manager.
Will employees be provided with their package details on November 20th?
Notification will go out 11/20 and they will still on payroll until 12/20 but they will be asked not to work. Package information is not available yet
I got Rif’d…with severance. Severance payout 30 days after last day.
Cobra medical starts 1st day off payroll.
They offered outsourcing services.
Overall was very professional
In the past, 60 day notice.
I heard last day of work will be Dec. 20th if it's normal circumstances.
@OP They will most likely tell people to work from home on that day. When you log in in the morning check your calendar, if you have a calendar invite for 15 minutes. Your hit! Your Mgr will have a script to follow explaining your package. You will be terminated effective immediately.
They might want to clear the books by 12/31 but note sure, being this will be a RIF versus VSP.