On November 5-6 there will be a meeting with 230+- of our fearless leader executives at the Ridge. Was told that 6700 +- already checked yes, thats not nearly enough for what they are after. The 10 billion figure is real, and further more, 3-4... — read more
Earnings Call In Number for this Mornings Call?
Does anyone have the call in number for the investors call this morning at 8:30 est?
Curious, why so many job openings?
Considering the lengths Verizon is going to to get rid of a quarter of its employees, why in the world are there so many open positions right this moment at Verizon? Just check LinkedIn and Glassdoor, not to mention other sites. What is the point of... — read more
Confused
So is VZ looking to shed 30% of the total workforce, or 30% of the 44k offered the VSP? I saw a comment that they want 30% of the 44k to take the offer. That won't get anywhere near the $10B savings goal.
Nothing but too much stress at Infosys
There is no way Infosys can maintain SLA's. Already having very skeleton staff onshore and with more jobs being outsourced, the people who are onshore spend more time on conference calls/ chats (explaining every minute why progress was not made from... — read more
life insurance
i just read, didn't see it earlier. You will be dropped from life insurance (unless retirement eligible). This i am assuming will probably deter the older workers, as tryng to get life insurance outside is a PIA. i am assuming most have some sort of... — read more
Anyone find out yet? Term date 10/28
Waiting game is killing me if I haven’t found out yet does that mean we didn’t get it? What’s the deal? Will it me an email or mailed out for the decision?
VES to be sold?
Does anyone believe that VES will not be sold after the dust settles?
Wireline EISP
Any fellow wireline employees hear any information on when we’ll hear if we were accepted? I’m reading though the offer and the FAQ’s state our last day of work would be 10-27 and terminated as of 10-28. Is that accurate?
Anybody closer to a decision?
For those undecided, did weekend help any? I'm personally leaning more and more toward taking the offer.
what to expect when working in Indian It services company
what to expect when working in Indian It services company - bad working conditions, forced to train freshers, forced rotation into non core technologies, forced movement into managerial roles with meaning less calls and meeting and ultimately... — read more
Interesting read about outsourced work
I wonder what kind of audits against SLAs that Vz will impose on InfoSys. This agreement may be an epic fail too. https://statescoop.com/after-bait-and-switch-nevada-dmv-cancels-78-million-it-contract
Avoiding lawsuits
Anyone who signs up to leave will be accepted. The company will move 'off the book' dates out to next year and at the same time begin to move departments and functions to outsourcing groups as well as combining functions and tasks. The company wants... — read more
Layoffs in Oklahoma and Lake Mary Finance locations slated for Q4 2019 - Q1 2020?
These are rumors that I'm hearing buzzing around from discussion with higher level employees. I'm hearing of potential upcoming layoffs for lower level finance employees in the Q4 2019 - Q2 2020 timeframe? The things that are circulating so far is... — read more
what if 5G fails to deliver?
Honest question, not a verizon employee, but have been following this thread for a few weeks. First, i'm real sorry for those going through this and hope you all bounce back quickly. Second, what if 5G fails? There is no guarantee it will surpass... — read more
Infosys and Verizon think - Why can't it be a win-win for Rebadged employees and Infosys
For those that are getting benefited with taking severance compared to Infosys offer, why can't they compensate the same for moving to Infosys with increased signon bonus. Those people that are leaving need a job and Infosys needs the knowledge to... — read more
Executive’s NFL roadtrip party
It is just said to see all these lay-off waves (3 in 4 years) in order to reduce expenses while high level executives schedule their meetings with local markets around the NFL schedule so they can attend the football games. Even if they pay their own... — read more
Is there really a target number?
Any chance we'll get job security back once this whole buyout and layoff that is sure to follow thing is over? Is there really an actual number Verizon is aiming for or will it just keep moving down and down and down again? There has to be a point at... — read more
Any clues on when we hear any high level reorg news.
It’s clearly the calm before the storm and would be helpful to at least have some indication of when a high level view will be announced.
Unoffical word
almost 1/2 have put in for the package
This Hans guy is bad bad news...a video from 2 years ago right before he was fired...sounds exactly the same today with him at the helm of VZ.
https://www.bing.com/videos/search?q=hans+vestberg&&view=detail&mid=B0177E73755E43477A78B0177E73755E43477A78&&FORM=VRDGAR
The corporation is amoral by definition
Your mistake was your belief in some kind of unspoken agreement or pact with the company. The company has never cared about anyone and never will. A corporation is amoral by definition. Even the board of directors and the CEO himself don't take... — read more
Shakars Global IT Update
No teleconferencing. If anyone attends please post highlights here
What happens if too many accept the offer?
In case more people than they expect accept the offer - and this has happened before from what I understand - what will be the deciding factor in who will actually be approved and who will be denied? I'd hate to make the decision to leave and get... — read more
Anyone else notice the posts telling everyone to take the package and run are saying so in hopes to increase the number of ...
... those who are leaving? they are worried for their own jobs and want to make sure enough leave so the RIF doesn't terminate them.
Think positive, use the good job market and think of severance as a huge gift
Same here, back and forth, back and forth. I keep hearing that Clash song in my head - "should I stay or should I go?" In my early 50's, 18 yrs in. Leaning toward clicking the button. And, we have a week to rescind that - if you want. I just think... — read more
Not enough in this offer ...
Really leaning towards NO. This is just a RIF with a little more money. Those that are jumping are near retirement (58+ and no need to work anymore), are IT who don't want to go to InfoSys and the rest are just reacting in fear that the company is... — read more
Reorg: Relocation, Demotion?
For us rolling the dice, what can we expect in the upcoming weeks? Can the company force me to relocate? Who is paying for relocation? I doubt the company would consider paying anyone to move . What if I am not willing to relocate? Will I be offered... — read more
Would Verizon be interested in buying any of my services?
• Infrastructure Monitoring (AMS): Network Monitoring, Circuit Monitoring, Server Monitoring, Storage Monitoring, Application Monitoring, Environmental Monitoring, • Bundled Services: SkySuite: Cloud-Based IT Support Package, Managed IT 360° - Level... — read more
There is no benefit in sticking around
No matter when you go "take the buyout or get riffed" the end result is the same, the goal behind the buyout is to get rid of long term "highly paid" workers. So trying to stick around and find another position in the company would probably be a... — read more
Answers
Do we know when we will be notified if the offers are accepted?
UNKNOWNS and No Answers
Considering no one at any level knows anything. Granted this is a personal decision then each person has to make. Everyone has heard the corporate response to this. I've reached out to the Employment Commissions and the Labor Board and Attorney (EAP... — read more
Access only medical - years of service
I am former GTE Wireless. I started in early 1990. Per the daily call today if you had 13.5 years as of 6/30/2006 + 18 mos. (or 15 years as of then) you qualified for subsidy. Those numbers net 16+ for me. HOWEVER - when speaking to the benefits... — read more
VDSI- Any news about just retained employees without bonus ? What is cooking in their head?
Just curious to know about what Vz want to do with retained employees without benefit. How is it planning to deliver with less work force. At least employees who are getting transitioned to Infosys has some clarity not whole ..But in our case... — read more
What’s next ?
Maybe a 3and 3 or 6 and 6 for outside ? That would clean house !!!
Don't trust - Believe in yourself and your decision
I still believe in Verizon after having to go thru lots of stress to get the Severance pay. Being non-american itself I don't have that confidence with Infosys even before moving to the company. They look to save single penny and will make your blood... — read more
Companies want a young diverse work force
If you are mid 40s or later, and a white male, the job market is not looking to hire you. Regardless of what the news says, companies are not so desperate to hire an old white guy. I took a package in 2016 to leave. I am an early 50s white guy. No... — read more