Thread regarding Verizon Communications Inc. layoffs

A few practical things I would recommend to anyone impacted by layoffs before your final day:

• Remove any pending vacation time if your company pays out unused PTO. You do not want approved future vacation causing issues with payout processing.
• Download or screenshot your annual reviews, performance feedback and any recognition awards. You will use these later for resume bullets, interview stories and measurable accomplishments.
• Save copies of paystubs, W-2s, benefits information, commission statements and PTO balances.
• Schedule annual medical, dental and vision appointments before insurance ends and refill prescriptions if needed.
• Start applying for jobs NOW. Do not wait. Build your LinkedIn network aggressively and use AI strategically. Gather 10 job descriptions for roles you want, feed them into AI and tailor your resume/LinkedIn around the keywords, metrics and business impact repeatedly showing up in those postings. Focus on measurable results, not responsibilities.
• Save personal contact information for coworkers, leaders and recruiters while you still have access.
• Take pictures/screenshots of dashboards, workflows, presentations, trackers or work examples you personally built so you can later recreate sanitized versions for portfolios or interview discussions. Obviously do not take confidential company or customer data.
• Focus your remaining time on transition work, documentation and knowledge transfer. Stay professional until the end. The world gets very small during layoffs and reorganizations.
• Understand your severance, COBRA costs, unemployment eligibility, 401(k)/HSA options and any RSU or stock impacts before your final day.
Most importantly: do not freeze after a layoff. The people who recover fastest usually start networking and applying immediately.

Excellent advice, bumping from @b3+1krbx7cem for visibility.


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| 1 view | | 7 replies (last May 14) | Reply
Post ID: @OP+1kreh4fh2

7 replies (most recent on top)

@e2 what benefits do you get from it? Discounted gyms?

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Post ID: @g1+1kreh4fh2

If you have a Wellhub subscription, be sure to change it to your personal email so you can continue using it. The fee will increase slightly but it's still a great deal overall.

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Post ID: @e2+1kreh4fh2

From my experience, if you are moving over your work phone number to personal , start now . It takes a long time . Change your voice mail message while it’s in corp acct

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Post ID: @dt+1kreh4fh2

Also, depending on your country, apply for a tax rebate.

Here in the UK they tax assuming you will earn the same every month of the tax year so some of your pay is taxed at a higher rate from the 1st month of the tax year long before you've earnt enough to incur higher rate tax

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Post ID: @at+1kreh4fh2

When you are off payroll, remember to file for unemployment insurance the following Monday.

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Post ID: @as+1kreh4fh2

Great advice - especially the “do not freeze” part. Was laid of twice and bounced back both times pretty quick because I moved in a high gear towards the next step.

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Post ID: @an+1kreh4fh2

DO NOT DO THIS -
• Take pictures/screenshots of dashboards, workflows, presentations, trackers or work examples you personally built so you can later recreate sanitized versions for portfolios or interview discussions. Obviously do not take confidential company or customer data.

It is very clear in the severance package about any documentation regardless if customer or private info.

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Post ID: @a2+1kreh4fh2

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