https://www.facebook.com/TheLayoff/posts/1855125134583934

My VP confirmed packages come in Monday but couldn't share details

People, I think it is clear by now to everybody that the whole buyout thing was nothing but a hoax. Sad but true. We've been had.

I don't understand. Everybody is talking like the whole buyout has been announced to everybody and is know a fact known by all, yet in my department there was absolutely no mention of it. Granted, we don't have anybody with 30+ years here, but we... — read more 

Is it only Infosys? Or there are other vendors? Any date for announcement? Any idea how much % is retained? If anyone has any info pls post here.

My entire wireline team was told today they have have an offer to leave but won’t see it in writing until Monday. There will be a web portal where employees can look at their personalized offers based on tenure / age etc..

The RIF is coming.

Just to let you guys and girls know, there's life after Verizon, and usually it's better. You will get thru this.

Glad others are sharing the info, as directors+ had their meetings yesterday (9/20). This was shared, but it is 3wk pay x #yrs service (max 60) Future will only cover 1 mo pay. This isn't uncertain or rumor. As indicated, it has directly to do with... — read more 

Hoping they will extend a buyout to ALL employees that have been around ten years or longer!

First of all I was a VDSI employee who been spend 7 golden years there. We cannot see such employee friendly pay Masters anywhere in India. We don't even know we had that much of freedom though we worked late nights lot of time. Freedom in terms of... — read more 

Hearing managers and directors worried about losing lots of key staff with buyout. Emergency powwows scheduled for what-if scenarios where whole teams are decimated. Fun times ahead!

But what exactly is a “management buyout”? Does this affect wireless and wireline. Can someone explain it like I’m 5?

Confirmed over 300 people getting RIFD from wireless side B2B. CBO's (Coordinator Business Operations) & Data Engineers. May relocate to Texas or Carolina's or take severance. Severance package to be determined. Rumor has it that the severance... — read more 

I just finished a call a director call who confirmed the buyout plan (it was an unrelated call) - details were provided by nothing is official until Monday when the official communication is to be distributed...

Slide decks are going around. Directors found out today and managers will likely "officially "find out tomorrow. 3 Weeks Separation per year of service capped at 60 weeks, 2018 STI paid at 100%, 3 weeks of medical benefits per year of service, capped... — read more 

https://www.forbes.com/sites/jackkelly/2018/09/18/the-ibm-age-discrimination-lawsuit-will-shed-light-on-this-harrowing-trend/#53d512385ce1

To My dear Top Management I want to send few words which might reach you or not but let me put whatever that i would like to put forth. To start of with i am from VDSI. For me joining Verizon was like joining a dream company years(s) back. Most of... — read more 

Wireless, Wireline and ANY Verizon Employee please stay home tomorrow. Call center and Fios employees everyone just stay home tomorrow. On the Wireline side people have been wrongly laid off due to age discrimination and other various improper... — read more 

So many people are posting, myself included, getting all worked up... But the more I read, the more I feel like this might not be happening after all. Is there one piece of info we can point to and say it confirms there is actually going to be a... — read more 

I'm hating this uncertainty. I'm up at a crack of dawn hoping somebody posted something new. There is really no need to drag this out. Just tell us already. What's the difference between knowing today and knowing tomorrow? The cat is so obviously out... — read more 

Whole VDSI is confused & no work going on ... Don't know what is the criteria behind not declaring... Stupid management ... Really f*** man.

Has your dormant VP for the past three months suddenly call an all hands meeting on Thursday 9/20 ? Did your current VP imply new org changes on calls before 9/20? Has your Ex Director of B2B invite you to an all hands meeting on Thursday on 9/20?... — read more 

Everyone, I know this is a very nervous time, but please keep in mind, that THERE IS LIFE AFTER VERIZON! I was RIFed in May of 2018, but I was lucky enough to have my points/pension. I am still looking for work. It is a slow process for anyone 50+... — read more 

VDSI started as a support center for US Verizon IT. So there were not any innovation or valuable work done here right from the beginning except in few pockets. Most of the people stayed for 10+ years, since hike was constant and promotions were easy... — read more 

Not only did they screw us with a RIF, they now are reducing VZW retirees phone discount to 25%. This is the same discount they are giving to companies like Home Depot! How many billions did they have in profit last quarter? What a joke.

Venting... I did over a decade in Verizon IT. CTS was always floating out there, and every experience I had with them was complete garbage, as any Wireline New York employee will tell you.

MAy god bless Verizon. may the AD revenue grow. may the salARies grow. may the CHange energize us. may all the gODs bless us all. may the good DIRECTORS get fat bonuses. amen.

How important is this for us? Sounds huge... Verizon to Build Next-Generation Global Network for SAP https://www.nasdaq.com/article/verizon-to-build-next-generation-global-network-for-sap-cm1025407

Would it make sense to consult an employment lawyer (in a case if I get axed). I am thinking that we do not have any chance of fighting Verizon in a case of layoff but at the same time I feel that they will go after older employees and that there may... — read more 

Just wanted to start a thread, a bit ahead of time but 2019 is almost upon us. Good luck my Verizon peeps, I doubt I'll be around but will (often) come back to check this Verizon Rumors thread.

Still nothing,this must be a great verizon hoax on the very same people that they have screwed over since 2006.will check again tommorrow

https://www.huffingtonpost.com/entry/pensions-for-ceos-only_b_9654276

Pittsburgh offices got the $50K severance two weeks ago. Would love to know if anyone who accepts will get it.

There is an "ACTIVE" button right above the first thread - you can use it to see what posts had recent replies.

Hit record levels again. http://www.pionline.com/article/20180827/ONLINE/180829857/us-corporate-pension-buyouts-hit-82-billion-in-second-quarter-8212-survey