I don't think the company will offer any VSP's if they do headcount reductions. I think they will lay off first.
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WHAT? A hot/cold travel bottle? Lumen Swag? I've been given 1 shirt in 10 years and Customer Success Exec had to buy it out of his own pocket!
Maybe this answers the reason for the super low stock price. We can't be wi--y nilly giving out cheap cr-ppy Chinese trinkets to our employees, we just can not afford it! Did you see how I used the SLT's new buzz word, Super?
'I have not seen, in the areas of the company that I have worked, that they have done anything to retain employees.'
Hey now, they did send me a really nice hot/cold travel bottle a few weeks ago. Kept my coffee piping hot this weekend for a good 4 hours. That's something!
I have not seen, in the areas of the company that I have worked, that they have done anything to retain employees. They are chasing them out the door with woke policies and actions, no annual merit increases, RIFFS/layoffs, no backfills, increased workloads, and decreased internal opportunities to inhance your career.
Thankfully, they did eventually embrace WFH and have held the line on the cost of health-care.
I know some took an enhanced VSP in late 2016.
Then there were more VSPP in 2020 and a couple months later a co-worker in about my same situation got released with no pkg.
I doubt the enhanced pkgs are offered again ... it seems they cannot afford to do that and have honestly tried to retain people in recent years
It was offered at least twice over the past 5-7 years and proved to be so popular that they got more interest than they were looking for. My question at this point is whether they can afford to do that, and pay the 33.3% incentive that they did on both previous occasions. No reason to take it if they don't.
A decent company would offer some sort of inhanced package to make it more attractive to a certain segment of the work force to take it and there by hopefully reduce the number of forced reductions that are needed. However, packages cost $, so it would be more attractive to the company to say "position eliminated", here's your basic severance, and here's where to send your laptop. Unless the company can use some sort of tax loophole to write off the enhanced packages, you know they know all of those.
Lots of bad press and investor pressure that goes along with a forced reduction.
I seemingly remember CenturyLink offering an enhanced package at some point within the past 9 years.