#layoff

I’m in customer care and eligible for retirement with tenure and age. I’m wondering if HR would allow me to retire with severance instead of going through the layoff?

I was today years old when I learned there is such a thing as a layoff merch industry, and it's thriving. What the he-l? Why are people selling layoff shirts, jerseys, cups, and whatnot, and more importantly, why are people buying it? Somebody make it make sense, please.

Do leaders in certain parts of the business talk to you about resume building, career progression and stuff if there is a chance that there is a RIF pending?

The department I am in had one with SM a few days ago. It's odd that they are talking about it after the announcement and the time is getting closer to the 20th.

She was going around to each team under her and talking the same talk.

These major changes being executed by Verizon's new CEO, Dan Schulman, are way overdue at the obscenely bloated and underperforming telecom behemoth. Relentless price increases, undifferentiated products & services, absolutely horrible customer service and sheer corporate arrogance has driven many customers away at a time that competition has intensified in the mature telecommunications industry. Speaking as a customer it's about time this rotten and miserable company gets shaken up! Best of luck to all my career compadres going thru this period of upheaval at Verizon. P.s., Knowing Dan Schulman personally, I told you this was coming!

Verizon's Layoff Plan Exposes Growing Divide Between Investors and Employees

Verizon's New CEO Sees the Need to Implement Aggressive Changes Including Job Cuts

14 November 2025, 2:29 PM GMT

New Verizon CEO to intensify cost transformation and expense base restructuring, including job layoffs.
Verizon's sweeping cost-cutting plans are triggering sharply different reactions from the two groups whose futures hinge on the company's next moves. Investors see the restructuring as a long-awaited correction—one that could streamline operations, protect dividends, and lift a stock that has lagged behind competitors for years. But inside the company, employees describe a climate of mounting fear and uncertainty as reports of mass layoffs circulate with little internal guidance from leadership.

This widening gap between Wall Street optimism and workforce anxiety has become the defining feature of CEO Dan Schulman's early tenure. As the company prepares for what could be the largest layoff in its history, workers say they are bracing for a painful transformation, while shareholders look on with cautious approval. The result is a company moving in two emotional directions at once: confidence at the top, and unease on the ground.

A Gloomy Christmas for 20K Employees
Christmas 2025 will be different for an American telecom giant and gloomy for its employees. News reports say Verizon Communications will implement a massive workforce reduction of up to 20,000 as soon as next week. Also, up to 200 stores will be converted into franchises to be operated by independent owners.

Verizon is downsizing, and the twin news regarding job layoffs and new business direction are the initial moves of Dan Schulman as Verizon's CEO. The former PayPal chief assumed the post on 6 October 2025.

On his first day as CEO, Schulman already laid out his priorities. 'We are going to maximize our value propositions, reduce our cost to serve, and optimize our capital allocation to delight our customers and deliver sustainable long-term growth for our shareholders,' he said.

Aggressive Transformation
During the Q3 2025 earnings presentation in late October, Shulman shared his vision on how Verizon will return to growth.

'We are going to take bold and fiscally responsible action to redefine Verizon's trajectory at this critical inflection point for our company. We will rapidly shift to a customer-first culture —one that thrives on delighting our customers,' Schulman said.

'These will not be incremental changes. We will aggressively transform our culture, our cost structure, and the financial profile of Verizon in order to put our customers first, compete effectively, and deliver sustainable returns for our shareholders,' he added. His predecessor, Hans Vestberg, was network-first focused.

Financial Highlights
In the three months ended 30 September 2025, total operating increased 1.5% to $33.8 billion compared to Q3 2024, while net income climbed 48.2% year-over-year to $5 billion. On a year-to-date basis, the bottom line increased 18.1% to $15.2 billion from a year ago. After nine months, free cash flow reached $15.8 billion, up 9% year-over-year.

Total broadband connections rose 11.1% to more than 13.2 million versus the same quarter last year, including 306,000 broadband net additions. The partnership formed with Tillman Global Holdings' Eaton Fiberlast October will expand Verizon's broadband offering.

Schuman notes that, for the past few years, Verizon has relied too heavily on price increases for financial growth. He believes that over-reliance on price without subscriber growth isn't sustainable. He vows to discontinue the strategy.

Instead, the customer-first culture will simultaneously drive a much more efficient cost structure that fully supports incremental investments. Customers will delight in this without the decline in margins.

'My top strategic imperative for Verizon is to grow our customer base profitably across our mobility and broadband subscription businesses.' Schuman said.

No market success
Schulman acknowledged that Verizon's stock performance has been disappointing for shareholders. The share price stands at $41.11, up less than 10% year-to-date, with a three-year total return of 31.35%.

Despite this, Verizon, with a market capitalization of $172 billion, has increased its dividend for 19 consecutive years. Current shareholders benefit from a 6.71% dividend yield following the September hike.

Largest Layoff Ever
Verizon has yet to confirm the shocking news about the impending job layoffs. If true, 15% of the total workforce will be out of the company payroll. Remember, Schulman emphasized at the onset that aggressive change is needed through cost transformation and a restructuring of the expense base.

https://www.ibtimes.co.uk/verizons-layoff-plan-exposes-growing-divide-between-investors-employees-1754943

No pay rises,
Have to use holiday at Xmas,
WFR being bandied about,
Incoming staff earning way more than you,
Takeover rumours,
No job satisfactoon whatsoever, its just a job !!
Me, depressed, pi$$ed off, fed up and hate Mondays knowing I've got another 5 days of same old sh1te !

Just in case there’s some inside information that I’ve missed… I want to know if there’s any way to tell if my location’s going to be affected, and what patterns to look for. I haven’t been with the company very long. Not familiar with layoffs in general.

Hello. I have been told I am being laid off and my term date is 6 months away. I work remotely and live in a small town. There is a job in Cargill in the same level I am that I am qualified for. Debating on whether I take the severance (about a years worth) and run or apply for the job and if I get offered it, lose my severance. Has anyone been through something similar? I can’t really start looking for a job outside yet because of my term date being so far in the future. Thanks in advance. I am just really stressing out and not sure what to do

Calls are going out to leadership in certain teams today letting them go. These calls will continue all the way until next Friday as they sort through all the people affected. Be aware.

Merry RIF-mas 🎄, thanks for all the hard work and sacrifice. Thank you for putting your Dreams on hold and neglecting your family and health for the sake of making the shareholders and Execs an extra dollar in their Bonuses and Golden parachutes. Now GTFO your services are no longer needed.

Today I was impacted by layoffs over at Mattel. I'm completely heartbroken bc this was my dream job. It was a privilege working on Hot Wheels, Barney, Thomas & Friends, American Girl, Jurassic World & more.

https://x.com/devilmaycats/status/1989379942271127589?s=20

Verizon to cut 15,000 jobs as new CEO restructures company

Verizonplans to convert 180 of its company-owned stores to franchises as part of its downsizing efforts. This move is included in a larger strategy that involves cutting approximately 15,000 jobs, representing about 15% of its workforce.

No more anniversary recognition check. Still get the gift, for now.

I was let go by USB and now finally am settled in my new job. What is the easiest way to rollover your money from the U.S. Bank 2010 Cash Balance Plan? I have already rolled over my 401k from Fidelity but the funds from the U.S. Bank 2010 Cash Balance Plan seem more difficult to rollover.

At the rate we’re going, the entire C-Suite will be former PayPal executives.

I use PayPal, can I be spared from the Riff?

Anyone else just wishing for all of this to be over? The anxiety of waiting is so detrimental to everyone's health. Office is quiet as a church mouse, I do not know if it was leaked from within or one of the disgruntled SVP's earlier this week who got terminated.

BUT I just prefer to know already... a week more of this is torture, honestly. Rip the band-aid and let people know, dude.

How Highmark of them. This morning 3 from our group (including me) were laid off in a TEAMS MEETING. Keepin' it classy, Highmark.

https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746

Does Wells wait until at least the first performance review or do they layoff even before that?

For the curious former employees, what happened? Who got laid off?

Got laid off yesterday. Have been working in synopsys from last 3.6yrs. Not sure what range of severance package should expect?
No formal HR communication!
Any help regarding Irish benifits?

Does anyone know anyone who was laid off yet and can she'd light on what the severence package is this time around? 3 months plus your STI? No STI?

any information how many were laid off in PPD and when and if there’s a 2nd wave?

Are the rest of us outside of ISG about to be hit as well, or is it truly over?

Because it wasn’t always like that, I can attest to it. But when did things shift?

Hi all ,
Firstly my heart goes out to people who got laid off ,one of my colleague got laid off and we were taken aback by the whole thing (never expected that he would be the one to be impacted by it)

I joined synopsys few months ago , I'm still in probation , I scared that they might lay me off , I can't stop thinking about it, if in the worst case scenario I get laid off , is anything that I can expect in terms of severance or anything at all ? Any advice here ? I work in TPG

There is a new program across T&S call PDS. Anyone heard about it? They call themselves data leads and AI experts what is far from the truth. IDT said they will not survive 2026 but who knows.

Saw a very talented guy being laid off for cost-cutting and redundancy.

Funny part, Many of his ideas improved TU's core products and saved a ton of money for the company. I as one of his previous manager was more devastated than he was. He was moved from my project to Onetru forcibly for his talent, now laid off because of onetru/onedev's management failure.

Neustar management is firing loyal, talented full time employees in favor of contract for hires which I bet they have an under the desk deal to line their pockets.

If you got laid off, how would you handle your 401k? Are there rules that need to go about?

Has Met with Indian PM Last year and promise more jobs
Now Verizon has 8000 US jobs to Indian on top of that All The IT Jobs moved there then HCTEL 10,000 Plus given to India
Verizon Leadership Sold the employees for Kickback
Top Kickback taker : Sampath Sowmyanarayan , Shankar Arumugavelu
HAns and all the SVP

They are hungree for extra zero
If wall street investigate them and their kids and family member will find the kick back india they saved there

Even New CEO he is here for money he is getting $1.5 Million plus 250% Bonus and 17 Million stock ...for him win win employesss loser loser

https://www.lawyerly.com.au/nielsen-exec-claims-unfair-dismissal-after-husbands-axing-cant-get-job-back/

2 months after the August layoffs another massive RIF focused on flattening the org. Aravind’s org took the brunt this time.

What’s next:
IT managers being flipped to IC being discussed.

Elimination of the IT Sr Director role being discussed

Reduction of H1Bs in IT being discussed

Product Org (under Omar) RIF in December

Consumer Org (under John) RIF in December or January

Srini massive Q1 reorg to align with his vision for T-Mobile

The happy go lucky Mike Sievert days are gone. The dark clouds of working under a sr leadership team mostly picked by the board are here. Think of the Lion King when Scar took over the pride lands, that is what TMUS will be the next couple years.

Nothing like a layoff and getting g F’ed by the stock price at the same time. I’m sure there are some like Uncle Larry taking it to the bank.

In the next 6 months as the ai bubble will be in full affect

David Kim and team will be leaving to go work for Peter Adderton, the former owner of Boost Mobile. Dan is selling and exit under-performing businesses. I think we can all agree that Verizon Value is not valuable.

MINT MOBILE

Where would you chronic whiners ever find your next job if Targets did.

Or staying?

https://www.thelayoff.com/verizon-communications