between now and end of year altice is planning 650-900 layoffs targeting middle management and operations. they are hiring consultants at lower wages (foreigners) to do the work of staff who have been paid well because they are with the company for too long. there have already been a few random layoffs- many more coming.
22 replies (most recent on top)
The Performance Stats are rigged. The tools are inoperable, don't work most of the time. Customer's do not receive your agent emails, repeats are the result of management policies, tech cancellations. The Sales tool and performance metrics do not add up. Management is saving their lazy friends, supervisors that fix their personal computers.
No layoffs
Please commence the layoffs!
What You Want To Know About SEVERANCE BENEFITS (1/1/17)We believe our employees are our most valuable resources. It is with that in mind that we design programs and policies to assist employees in all facets of their employment with us. From time to time, there may be circumstances when a position is eliminated due to restructuring or reorganization. In these situations, we are
committed to providing you with severance benefits to support you with this transition.
As a benefits eligible employee you would be qualified to receive severance benefits if you are employed with us up to your separation date and return a severance agreement provided for you to execute within a required time period.
The severance program, as aligned with market best practices, would include the following components:
Severance is calculated using your base rate of pay
The calculation formula is 2 weeks for every completed year of service
Depending on your position, severance payment baseline minimums are:
All employees up to Directors – 4 weeks / Directors – Vice Presidents – 26 weeks / SVP & Above – 52 weeks
Severance payment maximum is 52 weeks
Severance payments are bi-weekly on the payroll cycle
Bonuses, commissions, incentive payments and overtime are excluded from the severance calculation. Any commission earned as of the date of the separation of employment will be paid out in line with your commission plan.
Depending on when the separation occurs within the performance year, exempt bonus-eligible employees may receive a pro-rated bonus
Employee Assistance Program (“EAP”) provided for 12 weeks
This company will do you dirty every chance they get! Do not give them the satisfaction! Cover your a$$, document everything. They are not your friends.
That's not the severance policy "furious dog". Policy was updated 1/17 and has details included.
I will cut every fiber can I can get my hands on .. if no packages are offered !!! Too many years invested...
SEVERANCE
In general, severance will not be awarded except where jobs are eliminated for economic or other business reasons. Economic job elimination occurs if and when Cablevision restructures its operations or eliminates a position for economic or other business reasons, and no other job within the Company for which you are qualified is available.
Cablevision has the right to determine whether and to what extent severance will be paid to an employee whose employment is involuntarily terminated. In any instance, the Company may grant severance, determine the amount thereof, and impose conditions for receiving any awards. The Company also may determine that no severance is appropriate in any given circumstance. No employee is entitled to severance benefits except as determined by the Company in its sole discretion.
Ready to go, if they lay you off then they have to give you a severance pay. It depends on how long you work for the company. Just keep in mind, this is not a VRP which I took last year ( 3 weeks pay for every year of your tenure) I work for the company close to 30 yrs.
Will they be giving severance or no? I am personally ready to go!
"That article is from June 2016. Many layoffs happened since!"
Yes, that is absolutely correct, however, the point being made is that we're dealing with a management team that continues to deceive its employees into believing that everything is all good when nothing could be further from the truth.
Dolan+Dexter+Drahi = Death | Post ID: @USBwzMm-1kkx
That article is from June 2016. Many layoffs happened since!
@ USBwzMm-1leg points are irrelevant now
Some critics have said that the only way to achieve its cost cutting goal is to decimate customer service. Goei said that couldn’t be further from the truth: “Why would we ever do that? Why would we ever make our customers unhappy that they would want to churn and go somewhere else? That’s not what we’re talking about. This is not about doing large cuts in the workforce.”
https://www.multichannel.com/news/altice-closes-cablevision-goei-says-company-will-take-its-time-405824
I guess that 1.1 billion In cuts was not enough 🗡 (to the bone)
And it’s always the well paid employees coincidentally your numbers are bad final warning stop with the fake numbers clown and giving these dirtbags excuses
-
4 supervisors from Jericho call center informed that they're being let go next month.
-
another 4 being reassigned to other positions.
-
all long tenured employees.
-
it's a crying shame what Altice has been able to get away with.
Could extend to under performing technicians according to a supervision I spoke with. Keep your numbers up. Looking at points and repeat percentages from what I was told. Keep making the company money$$$$$$$$
Why say anything the guys that didn’t take the VRP know what they are in for.
Make as much as they can and get letgo
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Altice USA, Inc. (“Altice” or the "Company") (NYSE: ATUS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Altice securities pursuant or traceable to the Company's initial public offering ("IPO") on June 21, 2017 at $30.00 per share.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
The Complaint concerns whether Altice's filings with the U.S. Securities and Exchange Commission in connection with the IPO contained untrue statements or omitted material information, specifically regarding the Company's relationship with its parent company, Altice N.V.
A class action lawsuit has already been filed. You can review a copy of the Complaint or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Altice you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.
https://www.bgandg.com/atus
FAKE NEWS
I don’t think there’s 900 implies working for altice. It’s not good let’s putted that way am surprised that the FCC and PSC is not looking into this situation.