If you do not believe that layoffs are coming, then just scroll past.. do not have to respond it saying fake news..
I want to hear from someone here if anyone has first hand info on layoffs.. which orgs are being targeted and is it targeting individual contributors or managers or evenly distributed
I'm cleared out my locker at the office in anticipation of the news this week coming week.
Fake News
Finance has already built the reductions in. As someone said below. Targets where given, up to leaders how to achieve them. but some have already been cut so bad, RIFs are the only way left to get down to the number they need.
All lies.
@hz Fake news! There will be no layoffs next week, people are just making stuff up here!
@m9 Fake news.
so total head count would 102k with frontier so 15% of only management ( VZ 60k plus frontier 5k) means another 10k employees layoff by June ?
Yes.. NO RIF next week. Total BS.
10%. Mostly managers and directors for both VZ & Frontier
RIF on Thursday, 5/7- 10% company wide. Many teams have already been told to WFH.
Yes.. I have info... it is not going to happen and that is a fact!
This one is not flat across all orgs. EVPs were given budget targets by Tony and rolled those down to their reports. A 15% RIF is the obvious way to hit those, some orgs appear to have decided differently and are focusing on contractor spending instead (for example some IT orgs under Vivec).
Notification 5/7, exit 6/4 unless in CA or NJ.
Standard packages just like November.
All these details are confirmed with Band 4 leader and HR.
Was told today to WFH next week.
@aj So the next quarter can be the “best quarter ever.”
@d1 they made us all go to office in November. It was horrible!
I am praying 🙏 it's me.
@b2 ad has become so damn unbearable I hope I'm on that list.
Y’all will know when they tell you to work from home on thursday
@b0 thank you 🙄
This thread has predicted 25 of the last 3 layoffs
5/7 is the day all of you. Confirmed!!!
Wait for the morning calls
The amount of ppl that don't know what they are taking about on here are the same ones I hope get let go
Travel costs are cut, but Sales Operations wastes money by flying people in from the UK and elsewhere for the Ops Talent program in Basking Ridge. Tone deaf and terrible
Lay me off! Please...
I also heard 5/7 is when people will be notified
@az you have no idea what you are talking about just like just about everyone else on here. EXPENSE = opex.
@ab FTE is considered as OPEX, contractors as Expense. So they can cut FTE and try to pivot them to expense structure. And it would be easier to cut contractors out once switched in my opinion.
Old dashboards flicker
Future knocks, but no one hears
Red checks fade to dust
@aj layoffs happen whether the company is doing well or not.
Why would there be a layoff after the best quarter... ever?
@OP 5 the mayo
@a6 what do you mean rebadging to contractor?
Management will get list on Monday but will not be allowed to say until Thursday
@OP wether layoffs or not...always be prepared and live without fear
Been hearing this bs since January. Heard from a guy who heard from a guy. 🤣
@OP 90% chance of layoffs in May. But only a 30% chance of it happening. Hope that helps
Heard May 7 would the d-day. BR L5 SD were called to a meeting today and folks suspect that's for it. Rebadging for FTE to contractor transition may come either.
Not sure what orgs but travel has been paused through June for parts of the business and the initial pause was only April and then May... so to do a straight pause through June and it was mid April was very telling.
yes