Verizon just admitted that its media business, Oath, is essentially worthless. Verizon (VZ) announced Tuesday that it would take a $4.6 billion writedown on its the media unit, which includes Yahoo and AOL. Oath is now worth just $200 million... — read more 

So now you got your release date. Now it's time to go away. Bye bye. There is no need for any of you who are leaving to post here anymore. If you made the correct decision, it's time to move on. If you didn't , s--- it up and move on. Either way go... — read more 

"The Bureau of Labor Statistics still counts "voluntary" buyouts as layoffs, so the Verizon employees will go in that category when they leave the company." Thank you cnn for telling us what verizon execs refused to admit the whole time. This makes a... — read more 

For people with December March and well even June dates... Do they expect people to be fully mentally at work? Knowing people will be looking for jobs and their next moves. Knowing more vacation, personal and sick the key will be used... Again what... — read more 

Those who have been denied, what's your next move? I'm still trying to decide...

I thought that the numbers would be at least twice as higher compared to the ones that were announced. Don’t get me wrong i knew that estimated number of 44k would be never reached, but I figures that at least half of that number would get the... — read more 

Of cause that this brings a wide range of opportunity, especially in the long run, as new technologies emerge, but I don’t see this as something that can bring a lot of revenue in short term. It will take time for people to shift to home broadband... — read more 

If 44k got the offer and only a quarter (roughly) accepted, how many does that leave to be laid off? I'm assuming it's not 30k as some are saying, that'd be way too many, but do we know what was their goal? And are there areas where fewer people... — read more 

Accepted and ready to jet... I had the opportunity to work with some great people, on some great projects, made some life long friends, learned to tolerate those who were not like me, and suppress bouts of negative emotions that my managers often... — read more 

Married to a Vz employee who volunteered and got picked, but now we are seeing that the actual value of the offer is a fair bit lower than what it was estimated to be before the button got pushed. Anyone else seeing this? So, besides the STI -- What... — read more 

One reason for a company to feel comfortable buying out thousands upon thousands of managers might be because they already know that, in the very near future, there will be a lot fewer people to be managed? Further, if you read the New Contracting... — read more 

I am part of the the Verizon Media Group (TechCrunch) and we haven't been offered any buyouts - so, it was a non event for us and everyone is staying (no layoffs for now). Anyhow, it was fascinating to follow how things unfolded in real time on this... — read more 

If Hansy boy thinks this is the best way to go about a 7% workforce reduction, I can’t wait to see what else he has in store for us. He is not impressive.

I having not pushed the button am happy for those who did. I wish them well and enjoy hearing about there plans for life after VZ. For those staying like me, I offer words of encouragement and let them know we're all in this together. For those of... — read more 

Phone and broadband markets are saturated - it's not a growth story anymore. Now it's about turning cost cutting, efficiency, and making themselves look like the FAANGs (Facebook, Apple, Amazon, Netflix, Google) as much as possible. At the very... — read more 

This whole thing was a sham from the very beginning. It was a way for Hans to see which leaders were willing to cut the fat sacrifice their people. Plus now they know which of us want to be riffed going forward. The c-sino always wins people.

What an ignorant bunch of nonsense in this CNN story (VZ layoffs are good for the economy): https://www.cnn.com/2018/12/10/business/verizon-worker-buyouts-economy/index.html

I don't have any idea what numbers they were looking for, but 10400 out of 152k is less than 7%. I think that they could have easily dropped 10% with involuntary rif. I think that the people that are left behind should be looking out for the other... — read more 

https://www.fiercewireless.com/wireless/verizon-says-goodbye-to-almost-7-workers

Anyone else nervous they'll try to fire us before our exit dates? I find it fishy we can't sign the agreement until 15 days out...something seems wrong.

Things employers do that are against the law: Telling you that you can't discuss your salary with your co-workers. The National Labor Relations Act says that employers can't prevent most employees from discussing wages among themselves. The reason... — read more 

In retrospect, I don’t think my leadership team had any intention of letting me go via the VSP. It was used in our workgroup to get rid of the most tenured people without accusations of age discrimination . I feel used, and it makes me sick to my... — read more 

Don;t Work more than 8 Hrs. Prepare for next round with right skill set.

If 10,400 accepted, and we do the math on the severance packages offered, that amounts to approximately $1.5 to $2B in savings. I'm basing that on high end packages of between 150,000 and 200,000. How do get to $10B without more RIFs?

It’s been fun reading rumors and trading them back and forth. I got my VSP and am leaving this site. Best of luck to those that are staying... condolences to the denied.

Call centers and Stores as well as individual market ops (reduce from 6 to 3) is next target, and they are not offered with VSP.

Verizon Announces It Will Cut 10,400 Employees Next Year

Got accepted for 6/28, really needed 12/28 or 3/28. Can I just turn in my two weeks and quit? I know I would obviously be forfeiting the VSP package money, etc. Is that even possible?

OK when is our turn?

12,500 pushed, 10,400 accepted, they wanted 6k - 80% more than expected

There is a new clause #14. in agreement about incoming changes to severance policy, which can be better (more advantageous) or worse (less advantageous) than today’s, nonetheless for they are changing the standard severance policy.

13 years in this piece of $#@+ and I got denied. Wow!

I will remember the last 24 yrs fondly. Hope the SS Hans does good.

Get notified but didnt volunteer?;

All this talking sh-- and nothing happen you guys spent month with b---s--- theories and it’s nothing you expected

Hans post says over 90% who pressed were accepted. Lets do an informal survey to see if that sounds about right or is BS. Please enter: Number of people in group (or that you know personally who were offered) Number people who pressed the button... — read more 

Should have pressed the “button”, less than one-week after door closed my role was eliminated and I was reassigned to a lessor role. There was no discussion, simply “...this is what you’ll be doing...”. Second time in less than six months. It’s not... — read more 

With a little over 10,000 approved, that leaves "only" another 34,000 for Verizon to fill its quota. Meaning, those of us who are left are really screwed. I'd just like to know if those who were rejected can consider themselves safe at least when it... — read more