Thread regarding Verizon Communications Inc. layoffs

<20 years - included in buyout?

Any speculation on if wireline managers with less than 20 years will be eligible for this rumored buyout offer?

Managers with 17-19 years, for example, would have a similar #weeks pay severance (albeit slightly less) as those with 20 years.

It would make sense to include all managers as that would get a lot more people off the books if VZ wants to reduce by 20-30k headcount as stated. Clearly the less years of service the less compelling the math is so it self-regulates the buyout take rate as you move down the years of service scale.

Thoughts?

by Anonymous
| 2641 views | | 8 replies (last September 18, 2018) | Reply
Post ID: @OP+VaiQ47N
Comment! It's anonymous!

8 replies (most recent on top)

Our Thursday meeting is for all Band 5's, not just those with 20 years of tenure. I would assume that they would offer it to all Band 5's to avoid allegations of age discrimination.

by Anonymous
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Post ID: @3wry+VaiQ47N

It will be most difficult to have 10.000 the volunteer if strictest limit 20 years the management worker. Most skill on shore IT worker high dedicate off shore effort. They no accept poorest decisions.

by Anonymous
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Post ID: @2djl+VaiQ47N

I hope that I could make the cut with 29 years, especially if no cap. If did not make the cut after waking up to the pension freeze announcement on cnbc when i was 46, I might lose my mind.

by Anonymous
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Post ID: @2aca+VaiQ47N

I heard they are capping it at 10k mgrs and I heard that you have to decide by 10/19 even if u take the latest date in June 2019 as well.

by Anonymous
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Post ID: @2mvj+VaiQ47N

This will certainly be an interesting next few weeks.

by Anonymous
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Post ID: @2auh+VaiQ47N

20 years is as of which date..? any guess ?.

by Anonymous
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Post ID: @kue+VaiQ47N

Out with the old in with the new,that dont know anything about the job.and you wonder why experienced tech would never take the management job.

by Anonymous
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Post ID: @xug+VaiQ47N

I’ve been around for a long time and I can say that it is pure guesswork trying to figure out what this company will do. All you can do is wait for any offers to come out or not.

Just because it seemingly makes sense to do something doesn’t mean they will.

by Anonymous
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Post ID: @lwa+VaiQ47N

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