Thread regarding Verizon Communications Inc. layoffs

Says the guy posting this on a LAYOFF board and when does Verizon ever do anything logically.

@ak I was in meetings by now for the first round, there has been absolutely zero similar talks happening for this round, at least in GN&T.

@am I love how moe-rons downvote the posting of an sec link 🤡

Yeah, enough with the Verizon layoff talk on the Verizon layoff board!

Everybody, just stop - @OP+1kh579hpq said so!!

@here are you all not tired woodying this constant layoffs? they are beyond our control. best way is just prepare and ready during rainy days.

Chief Executive Officer Compensation Arrangements

an RSU grant with a target value equal to $9.5 million to compensate Mr. Schulman for incentive compensation that he forfeited upon resignation from his service relationship with an investment firm in connection with his appointment as Chief Executive Officer, which will be granted on October 17, 2025 and will vest on December 31, 2026, generally subject to his continued employment through such date;
(ii)
an RSU grant with a target value equal to $20 million, which will be granted on October 17, 2025 and will vest on December 31, 2027, generally subject to his continued employment through such date;

Chief Executive Officer Compensation Arrangements

On October 6, 2025, Verizon filed a Current Report on Form 8-K disclosing, among other things, the appointment of Daniel H. Schulman as Chief Executive Officer, effective as of October 4, 2025. Verizon is filing this Amendment No. 1 to such Current Report to provide information regarding Mr. Schulman’s compensation arrangements that were entered into after such Current Report was filed.

On October 13, 2025, Verizon entered into a letter agreement with Mr. Schulman, which provides for his continued role as Chief Executive Officer through December 31, 2027. Mr. Schulman will continue serving as a member of the Board of Directors of Verizon (the “Board”) and will be nominated for reelection to the Board at each annual meeting of Verizon’s shareholders during the term. In consideration of his employment as Chief Executive Officer, Mr. Schulman will be paid an annualized base salary of $1,500,000 and will be eligible to participate in the Verizon Short Term Incentive Plan with a target incentive opportunity equal to 250% of his base salary, prorated for fiscal year 2025. Mr. Schulman will also receive the following Verizon equity awards in the form of Verizon restricted stock units (“RSUs”) and Verizon performance stock units (“PSUs”), which collectively represent Mr. Schulman’s exclusive long-term incentive compensation during the term:

Here is the 8- K/A URL
https://www.sec.gov/Archives/edgar/data/732712/000119312525237997/d51725d8ka.htm

OP that is wishful thinking. we appreciate it but you are not based in reality. I am in meetings choosing employees to layoff. I also happen to know many will be laid off above me. this upcoming round will be markedly high in Directors and above. you will put your house up for sale if you own it, want to be prepared, and have a brain. be smart!

Can anyone point to the source of this?

" Dan's compensation and bonus is all based on stock price."

I keep seeing comments here saying that and and I'd like to read through the document that has that in it.

Sorry the pain will continue...fact!

When the CEO tells you there will be layoffs first quarter of this year, then believe it. Stop asking about and just always be prepared.

@OP sorry but you are WRONG!!! Welcome to the world of Verizon and the Verizon way. I dont like it and yes I do not sleep at night.

There are some structural problems which need to be resolved, the craft/labor union, active and retirees, and the management employees, Associate Director and above.

1) Yes, because after acquiring over 10k frontier employees consolidation is a necessity.

2)Verizon for the past 15 years has had a layoff every quarter. Not going to stop now. That's how they make their FCF and OpEx numbers.

3) Fat has not been trimmed. It's all at the Band 5 level and below. Their LTI grants makes the stock and you nonsense absurd chump change.

4) Stock is a bit higher, no way near the $60 high.....by artificially fudging the numbers on churn and net adds.

5) Wake up. This company will be a shell of itself in years. Current leadership will bleed it dry and leave crumbs in the wake. Dan's compensation and bonus is all based on stock price. Every slurp of that coffee is another 2k employees job lost.

And on a final note. For all you Verizon dividend investors. Look at the below numbers.

10k invested in VZ and an S&P index fund 30 years ago, WITH dividends reinvested.
You would have over 3 times the amount with the index fund.
VZ = $34,372.22
S&P = $107,946.36