He is accused of using his previous position as a director of the company’s global supply chain division to establish a new program under his leadership. The project reportedly entailed identifying and commissioning third-party vendors to negotiate... — read more
My old department called me
My old department asked me to come on as a contractor after my 6 months was up I laughed and told them no
Lowell McAdams just sold a boat load of stock.
Time to get out now. The Verizon boat is sinking. https://www.google.com/amp/s/www.barrons.com/amp/articles/verizon-stock-sale-ceo-lowell-mcadam-51551901698
State Tax on Severance - When work and residence were in different states
What is the rule of thumb for the severance state taxation if a person worked in one or more states than the residence. I understand the person won't be taxed twice where one state tax can potentially be a credit for the other. I am worried that if... — read more
Eisp rumors
Rumors were coming out of the ying yang for months and now nothing! What’s going on? Is it poor planning? Maybe the company doesn’t know what direction it is going? Anyone hear anything or did the eisp go away until the end of the contract?
Verizon to purchase Frontier, Centurylink
Big Red, in a push to gain momentum with 5G and FTTP, will acquire both Frontier and Centurylink. Frontier’s value has fallen since the purchase of California, Texas, and Florida and will be at a heavy discount. Centurylinks value is in its fiber... — read more
Could Verizon Media Group be on the chopping block again soon?
Think that the leadership is getting fed up with this segment of the company. From what I see not much has changed after the restructuring, same poor results just with fewer people. When we add to that that Hans's leadership didn’t like that idea in... — read more
Incompetent management
The real truth is these managers, directors have no idea how to plan and deal with negative times. They are like deer caught by the oncoming headlights. They are blinded, ill prepared with no planning skills, for that matter they don't even know what... — read more
Anything cooking for April?
Anyone Heard anything what's gonna happen in IT
Relo
Has anyone on this page received a relo package before? How is the relo amount determined? Share some figures and relo distances if you don’t mind.
March VSP
Does anyone else feel like our management team hasn't used this extra time wisely for those of us transitioning out the door in March? There is no one hired to take over my work as of yet and they keep giving me a ton of stuff every day. What will... — read more
Is verizon expanding there fios in n.y.c
Or is it beating a dead horse
Do VSP get 3% in 401k
For those of us that took VSP in December does anyone know if we will get that deposited in my 401k? How is it calculated? 3% of total salary including sti?
Stock Bonus Forst Half
Has there been any news on the stock bonus we were supposed to get? Is that happening at the end of this month? Is there anyway to tell how much we will actually be getting?
Question for the people in closing stores
Before the closings were announced, did you have any indications that it might be coming? Or did it come as a total surprise? I'm just trying to figure out if there is a way to predict ahead that a certain location is slated for closing, so that I... — read more
An Example of a Growing Company
Aldi. Unfortunately they're not American, they're from Germany. In 2016 they had about 25,000 employees and about 1,600 stores. In 2016 they announced a capital growth program and funded it. This included remodeling about 1,400 stores (making them... — read more
B2B Sales Changes
Notice how your quotas are all sky high and all the intense micromanagement lately? Yeah, they are cleaning up to gear up for 2.0. Here are the rumors so far 1) WBG and MAMs will be merged. Bottom performers from both groups will be sent to the... — read more
IT VP's Getting fired
2 IT VPs were fired but not IT CIO yet. Lot of discussions around they favored vendor companies. Truth is Shankar Armugavelu and Vivek Gurumurthy favored Infosys. All IT VPs should be fired except 1 or 2 and most of the ED's and D's. Hire or Promote... — read more
Can we expect any shifts by the end of the year?
I doubt that they will stop reorganizing the company, especially since 2019 is a year in which the company needs to take shape before the 5G rollout. What moves will the leadership take in the context of further reorganization of Verizon and when can... — read more
NJ unemployment being stopped / denied.
I know of several people that collected a few weeks and then were denied.
Selling Management to Infy
Hans should have kept just his direct reports and the first layer managers from the bottom and sold off every directors, VPs, and sr managers to infosys at 3 for 1 price and kept all the talented IT employees to the company. That would have saved the... — read more
ESP vs VSP
VSP was a choice and those on VSP should be very much thankful of vz for their paycheck so far and for the fat VSP check that will be on their way and repay back vz with their best intentions but ESP are the ones who barely escaped the slave trade... — read more
If case of new massive outsourcing, is a buyout mandatory?
I don't know, maybe this is a stupid question, so if it is forgive me. In light of the rumors about further outsourcing of some segments of the company I was wondering, if that situation was to happen are they in obligation to perform a buyout like... — read more
Contract extension
I am not complaining , but why did VZ give that 5 year extension ? Work is slow , no o t and a lot of temps . Some of us probably won’t take an eisp if offered because we still have 4 years guaranteed . So what did they do it for ? Is a sale coming ?
Any thoughts on AT&T and Time Warner merger?
Will it affect us in any way? Other then more people with same knowledge and expertise being laid off from both companies and saturating the job market in our field? Which, in all honestly, is the only thing I'm worried about. The harder it is to... — read more
Offer imminent late March or early April
Survey was sent out to local managers to find out how many people they can let go, company wants all the retired in place people gone. Also, company wants to get rid of the do nothing millennial temps that think they are owed a job and hire the good... — read more
Any new leaks or guesses what is gonna happen in Verizon in next few months
Any news .now adays no one is giving accurate information..
VES
When is Hans going to get around to doing something with the VES org. Absolute bunch of unethical management running this org unchecked. Boundaries they silently cross is beyond compare. Outsourcing to Manilla and marrying the folks they train, or... — read more
What is happening with IT
will it survive 2019
Writing on the wall
Don't like layoffs. But if you're in a bisuness unit built around a product, and the Swedish Chef announces a new org structure built around customer type, the writing was on the wall. This. How can people still be surprised by or unprepared for... — read more
Obviously, they are satisfied with the Infosys deal
I’m taking the rumor about further outsourcing very seriously. It’s something that’s very realistic and logical. Obviously, the earlier wave of outsourcing to Infosys work out for the VZ leadership, in terms of cost-saving and what was achieved with... — read more
STI Payout for those RIF in 2018
Did anyone who was let go in 2018 get the short term payout on Friday 2/22? I assumed those RIF would get the payout same time as current employees?
Verizon Connect, Thank You
Last Thursday was rough for the Verizon Connect world. Many great people got let go from departments that directly work with our customers. All while the motto is putting customers first, yet the company will run leaner and have unmanageable... — read more
Network Change Management to infosys?
Is anyone hearing that I.T. will be outsourcing network change management? What else is going to IBM, Infosys, etc?
Negativity
Doesn’t anyone have anything positive to say about the company they work for or does everyone truly believe the company is getting rid of all its employees?
The company doesn’t want a stable workforce
Sad to say this, especially as I have in my mind that the business looked like 10 or 15 years ago. The fact is that a career process of getting a job working hard, expanding your knowledge, skills, giving everything to the company and then retiring... — read more