I see a lot of pressure being put on people from both sides, those advocating accepting the offer and those advocating the opposite. In the end, this is a personal, life altering decision for every one of us. Use the weekend to tune everything and... — read more
How Verizon Is Trying To Bust Its Workers Union
224 corporate stores closed since 2013. I have said this over and over again on here - Verizon is slowly and quietly converting corporate stores to indirects or closing them one by one so no one notices. Article source:... — read more
Lee Hecht Harrison? Post offer assistance.
Not sure if anyone saw they are offering pre-offer decision help through Verizon. As I sit and rot at my desk I figured I’d check it out and it just seems aweful biz spin meaningless bullet points. I’m wondering if anyone had any experience with the... — read more
The reporters need to know
Please call your local reporters, they need to know. They are only reporting what Verizon mgmt is telling them. I talked with Scott Moritz from Bloomberg News and he wants to know more. Contact him Scott Moritz email smoritz6@bloomberg.net 215 617... — read more
Really, HR?
I was checking out Indeed and one of the latest reviews (from two days ago) is titled - and I kid you not - "A company that rewards employees exponentially" And one of the lines in there is "The employees are all excited to work for such a... — read more
Is Pension at risk if you stay?
The severance package offered is only 25 weeks extra which is not enough time to bridge a lot of people into the next eligibility age (ie 59.5 for 401K or 62 for Social Security). If 25 weeks gets you there this is a no brainer offer. Take it and run... — read more
Do unto others.
Never expect anyone to care more about something then you care about it. Stop reading work email after hours, stop answering calls after hours, stop work at 40 hours. Start investing more in yourself, and ignore the politics of incompetent... — read more
Will you still get unemployment
Will you still get unemployment if you accept the severance?
And We’re the Whiners?
Funny how some ignorant individuals who possessed a distinct lack of self-awareness were so quick to label craft as the party comprised of whiners, in the past. Seems to me, there’s plenty of “whino’s” who currently cannot seem to recognize a gift... — read more
Stop your b--ching about getting paid to leave!
I'm so sick and tired of hearing some of you people b--ching and complaining about how the severance offer is not good enough! You could end up with nothing! You all have some nerve complaining. Look at all the poor people that are getting screwed... — read more
May be Hans is the Layoffs Guy.
May be he will do all layoffs and move on and verizon will remove him for a new ceo next year. May be his bullet points on resume is enterprise people's manager May be he will take blame and $$ and move on I am just ranting
[Forbes] Verizon Lays Off 44,000, Transfers 2,500 More IT Jobs To Indian Outsourcer Infosys
https://www.forbes.com/sites/jeanbaptiste/2018/10/05/verizon-lays-off-44000-transfers-2500-more-it-jobs-to-indian-outsourcer-infosys
Post cards?
Did we really receive a post card from Verizon advertising the layoff as if it were advertising a special bundle price on internet and tv? “Find out if Verizon’s special offer is right for you...Offer ends October 16th...Ways to learn more...” They... — read more
This is a sh-tty package
If you apply for volunteer severance and get accepted ya don’t know if you’ll be released in dec 2018 or June 2019, so you can’t look for a job right away- don’t have a solid start date You can’t apply to Verizon again Your severance gets taxed at... — read more
Unhappy over being forced to Infosys?
Please go to this link - https://gotrebadged.wordpress.com/
Open Letter to 44,000 Verizon Employees (From Inc.com)
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html Dear Verizon Employees: By this point you've no doubt heard that Verizon will pay you three weeks salary for every year of service, if you leave the company voluntarily... — read more
How do we even know we’d survive?
Who’s to say we wouldn’t be rebadged like IT?
My individual break even date is 1/17/2020
I've done the calculations for my personal situation. I've been with the various companies that are now Verizon for 21 years. I plug that in plus 4 weeks of vacation I have accrued, add the STI bonuses, and then add in the healthcare benefit for the... — read more
How much taxes come out of the severance?
My number is pretty good. I am debating taking it. How do they tax the severance? At what rate? Ty..gl to all
This is on point - https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
Jobless Claims - Lowest in Last 50 Years
https://finance.yahoo.com/news/bond-yields-climb-jobless-claims-fall-near-five-decade-low-124835070.html
Verizon Closing Corporate Stores
Any truth in this? Is Verizon closing stores operated by the corporate office (no 3rd party)? Please chime in... Disclaimer: I do not work for Verizon #StoreClosing
Don't be foolish!
The severance offer is amazing. Why anyone wouldn't take it is a mystery. The next offer most likely will NOT come close to this one. For those who think they are so valuable to the company, get ready to pack up your things. You're only kidding... — read more
Leave While You Are Young
Leave while you can and are young and marketable. Don't wait to get RIF'D and then you are older. Take the great offer and don't be afraid of change.
How to save $10B by end of 2021?Cutting Salary Expense
After one year of the infamous 4-year $10B saving announcement, VZ is no way close to that number. The biggest capex expense is salary, so assuming they want to save at least $3B annually next 3 year (after one time package payout)and each employee’s... — read more
How many will take it?
At first, at least judging by this board, I was certain a minimum of 90 percent will accept this offer. However, talking to coworkers and seeing some new posts, it's starting to look like it will be the other way around. What happened??? What changed... — read more
verizon new layoff package
What happens if they don't take the package
Phx Area Layoffs
PHX call center and store layoffs coming soon I overheard from HR partner
Circa 2003 Vz Buyout Offered to 74k employees
Circa 2003 Vz Buyout Offered to 74k employees, more than 12k employees took the bait and retired that is about 16%. Back then pension enhancements were involved so we can factor that in for the large number of takers even though job market was not... — read more
Don't let your pride get in the way...
What aren't people understanding? If you/your job were so valuable and essential to VZW you wouldn't have been part of the Offer, YOU will not be "safe" after all the volunteers leave, you will be left with a RIF at 2 weeks for every year. All... — read more
44,000 Got The Offer...Wow
https://www.wsj.com/articles/verizons-severance-offer-goes-to-about-44-000-employees-1538587179
Here is a thought
Was talking to colleagues about this and make some sense. I am sure there is a number and list of ppl they want off the books for sure of course others they probably don't. Why not get management together per team and discuss who is on the list and... — read more
Thanks Hans
https://www.extremetech.com/internet/278029-verizon-launches-5g-network-that-isnt-real-5g
Verizon Looks to Cut $10 Billion in Costs by 2021
https://www.foxbusiness.com/features/verizon-looks-to-cut-10-billion-in-costs-by-2021 Verizon Communications Inc. is planning to cut $10 billion in spending from its operations over the next four years, the company's CEO told investors on Thursday... — read more
B2B Sales
Curious as to what RIF’s if any, will impact WBG? A lot of sales people want out...
Any i the only one this is making sick?
40 or so more days to go back and forth between two possibly horrible options and then 7 more days to second guess yourself before you get to wait a month to find out if they’ll even let you go.
Copied from wireless post
What does the future look like for call center workers? Don't see much on these boards about the reps in the call centers. I know the push is HBA. But will reps taking calls on the wireless side get a severance offer?
Townhall yesterday
Anything new?
Opt In Time is here
After 10 years at Verizon.. I'm gonna sign up for it. Every 6 months it's RIF RIF RIF lol. At least with this one you get a better severance package than the normal one. And.. if not enough volunteers.. will be involuntary rif... and less money. And... — read more