Thread regarding Verizon Communications Inc. layoffs

Not to be the bearer of bad news

Everyone keeps asking for specific names, which is understandable but nobody here has them…. The SVP,Vp and band5s affected were already notified - everyone else including AD will be tomorrow

Here is the bad news… someone already posted it on here, but so much stuff is being posted that it moved all the way down.

The stock together award along with the KPIs that made it up are no longer on VZ web, that is being changed up - https://www.thelayoff.com/t/1kaejqjzn

How many people would actually like to go, assuming they take away our stocks and Short term incentive?

Dan is cutting everything


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| 9021 views | | 14 replies (last November 19) | Reply
Post ID: @OP+1kaf03ba4

14 replies (most recent on top)

@a9 i still see the pie chart on total rewards page. Stock
Together isn’t listed on that page, accept in the menu but it still has its own page and my total amount is shown there.

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Post ID: @ag+1kaf03ba4

@ab Band 6 and up got an email in September that Stock together is no longer being paid like before. It was changed lol I’m not sure why you are acting like this isn’t a known thing.

Now you have to sell your stocks manually, they do not pay out automatically anymore.

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Post ID: @ac+1kaf03ba4

@a9 I never said fidelity nor did I even look there. It is clearly listed in About You, for me. Again, sorry if it isnt there for you. I can clearly see mine exactly as it has always looked, which I 100% know how it looked bc I used it in a large purchase this year and had to reference it. Again, god speed you with your RSU situation and further employement!

Also - you can keep trying to insult my intelligence bc I know everyone is scared and I hope it makes you feel better! I will do what I can to help! :)

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Post ID: @ab+1kaf03ba4

@a9 I am not the one you responded to. I’m band 6 as well and still see the pie chart in my pay.

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Post ID: @aa+1kaf03ba4

@a8 reading is fundamental, on the original post it said in the intranet… find me the pie chart with your totals and how they are calculated in “my pay”….. you can’t because it’s gone

It’s still in fidelity, which I don’t know if you knew? Is a different company that VZ.

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Post ID: @a9+1kaf03ba4

@a5 well bad news for you is that I do work "here" and have for a very long time and I still see my RSUs. I am also not a band 7 or 8 so maybe it is just impacting those bands... if that is the case I am sorry for you. I can easily find my RSU balance in VZWeb.

God speed tomorrow!

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Post ID: @a8+1kaf03ba4

Troll alert 🧌🚨

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Post ID: @a7+1kaf03ba4

Comp changes are to be expected with reorganizations. Hopefully something equally as good gets put into place.

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Post ID: @a6+1kaf03ba4

@a4 you either do not work here in which case go fly a kite

Or

You do work here and are mentally on the spectrum.

It literally says FAQ where stock together was. It’s not there! It used to be all layered out for you

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Post ID: @a5+1kaf03ba4

@OP I am literally looking at it on VZWEB right now... stop being a troll

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Post ID: @a4+1kaf03ba4

@a1 you tell me? Why is it gone…. It’s in our fidelity but not in Vz web anymore, they are changing it that’s for sure.

On Monday it had a pie chart showing the KPI’s, what each one meant etc and now just an FAQ thing.

My thing is…. The secrecy behind it, why do we have to find out you changed our stock together or possible eliminating it for band 7 -8 through an online gossip site?

Unreal

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Post ID: @a3+1kaf03ba4

I'm hoping to get the severence, personally. I dont plan to stay either way given how they handled this and treated everyone. Not that I expect a corporation to act like family, but I do expect a shred of decency.

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Post ID: @a2+1kaf03ba4

Don’t we have employment contracts with Sti and stocks?

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Post ID: @a1+1kaf03ba4

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