Thread regarding VeriFone layoffs

Verifone 2018 Layoffs: NO ORG WAS SPARED

Facts:

  • 1000-1500 full-time employees gone.

  • Some yesterday, a large portion Nov 30, and Dec 30;

  • Expect customer facing support to get much worse.

Executive management mandating contractors will not be renewed unless deemed critically necessary (another ~1000 gone in the next 90 days).

  • No org was spared; security, IT, supply chain, everything.

  • Expect entire product lines and functions to be terminated in the next 90 days with little to no warning.

  • Massive cuts to tool-sets as well.

  • Security should have fun while being told to cut nearly 30% of their staff, critical tools, and operations center staff in addition to "we will not be renewing support on many maintenance contracts".

This is only the beginning, I'm afraid of what this place will look like in 6 months. I like many others who were spared have already started looking to get out before the ship sinks...

by
| 9781 views | | 17 replies (last September 2, 2019) | Reply
Post ID: @OP+VggcF5H

17 replies (most recent on top)

Verifone will sack 15 people in spain before October, 4th

by
| | Reply
Post ID: @5Aeji+VggcF5H

TPE layoff list will be executed on 10/3(Wed), thanks for the guy who works hard in Verifone....WTF~

by
| | Reply
Post ID: @bnkt+VggcF5H

TEP have announce to Department of Labor(Taiwan), assume lay off around 30%, but not sure when to do it...........

by
| | Reply
Post ID: @amcb+VggcF5H

Who knows the status of TPE...? it is said around 30% layoff....?

by
| | Reply
Post ID: @7tnc+VggcF5H

"Please come back Doug Bergeron !!!"

To the person who wrote it - when Gores bought VFI from HP - they wiped VeriFone Germany completely in one day... So you say - "please Doug, come back and finish'em".

EU: Portugal, Germany, Poland done. UK anounced, will be processed this week.

Any news about Philippines ?

Yeah, could morale drop lower ?

by
| | Reply
Post ID: @3vvl+VggcF5H

I don't know about mnl being all.but that day we heard they are being wiped out in large quantities!sad state of affairs.what was so great about the previous ceo then that he could still be hired if he destroyed this comp.I mean the current one didn't think too well about the comp otherwise why close offices and sack everywhere.

by
| | Reply
Post ID: @3mtj+VggcF5H

MNL office 100% ppl are gone!

by
| | Reply
Post ID: @3nca+VggcF5H

That person who said no lay off in lcn is a big fat liar.Almost half of the ppl are gone!!! I'm talking about ppl with knowledge and hard working ppl minus a few lazy ones.given two hours to go only.

by
| | Reply
Post ID: @3jav+VggcF5H

I don't know about 1000 but a lot of ppl are affected globally.in Asia a lot.in us, tons.in Europe too but a bit delayed due to labor law.We are talking about huge chunks of dept of an entire dept gone.how the ppl left over will function is beyond me.Best is to find another job soon.before take over, they are praising paul and team.after take over, we were f left and right for being complex.As if any of these decisions were ours in the first place.try speaking up, see if you have your job tomorrow.We fired, then we hired.We close Down offices then open ten more.geesh.while we all are suffering for the actions of the top, the previous ceo has moved on to make another comp complex.

by
| | Reply
Post ID: @2crw+VggcF5H

Please, open your eyes, this is real, not a fake news.

by
| | Reply
Post ID: @2vvy+VggcF5H

No Layoffs at Verifone in Lincoln. A September filing of a layoff notice with the EDD indicated layoffs were anticipated at the Rocklin and Lincoln offices. The GM of the Lincoln office said there will be no layoffs at Lincoln and that more jobs at this location will develop. - City of LincolnCA

by
| | Reply
Post ID: @2eda+VggcF5H

To me this looks like fake news. Too sensationalist. I am not saying it was not terrible and that great people who really not deserve was gone. But it was not 1k people and that more 1k people will go in the next 90 days. Except TPE that was not announced yet for legal reasons, and people who have their contracts finishing in the next two months (that were informed last week) no more cuts are expected in mass portion.

by
| | Reply
Post ID: @2qau+VggcF5H

The new ceo is a non human, an id--t, and dont know the human resourses fired. Only trust in your poor mind. Please come back Doug Bergeron !!!

by
| | Reply
Post ID: @hue+VggcF5H

source: verifone hr

by
| | Reply
Post ID: @zgj+VggcF5H

Confirmed

by
| | Reply
Post ID: @laa+VggcF5H

F--- you verifone

by
| | Reply
Post ID: @krd+VggcF5H

How do you know that?

What's your source?

by
| | Reply
Post ID: @nre+VggcF5H

Post a reply

: