#layoffs

Get ready boys because the layoffs will be coming to our area soon. Meanwhile, our union works against us. The girls from AT&T that run the union are helping them Find ways to get rid of all of us. The union is no longer an asset to us. CO techs, splicers, and anyone working outside plant tickets. Patty doesn’t care because she’s close to retirement anyway. She is an evil person.

This is absolute fact. They are working on the layoff plan right now.

Country specific as each European countries have different layoff laws.
A lot of field sales will go.
Accounts will be managed centrally in a lot of cases. Enterprise contracts won’t be renewed as they come up on term.
This is what happens when you run a company into the ground.
The international VBG backbone network will massively shrink in size, countries will be exited..
the on again off again BT global JV or merger seems to at least being discussed again.. And or rumours of VBG enterprise going to HCL.. that I doubt though as when MNS went to HCL they let HCL RIF everyone who transitioned over.
Can count on 1 hand the amount of large clients left… cost base is approx double actual revenue has been like this for a decade and year on year getting worse.
Basically looking at a VBG exit strategy internationally.. This is what Dan meant in Q3 analyst call - we have parts of the business that are costing us Billions in margin.

I know these first few days after a layoff hit like a truck, and it feels like your whole world got reset overnight, but I promise the sting fades faster than you expect. Right now your main job is hunting for the next one, so treat it like a real schedule. Get up, get moving, send out applications, reach out to your contacts, tighten up your resume and profiles, and push through the morning and early afternoon. After that, force yourself outside. Walk around, lift something heavy, help out somewhere, or just sit where other people exist.

And do not let what happened define who you are. A job is not an identity, and the place that cut you loose was never meant to be a support system. This economy has been unstable for years, with people constantly getting pushed out and pulled back in. Folks lose work, they regroup, and they end up in better spots than the ones they left behind. You are not falling behind, you are not damaged, and you are not isolated in this. Keep putting one foot forward and each day gets a little lighter.

Network equipment provider Nokia plans to close its Munich site by 2030. According to the IG Metall, over 700 employees in Munich alone are affected by the decision. The layoffs are to take place in two waves: over 300 jobs will be cut nationwide as early as 2026, and further jobs in Munich will be lost by 2030. Nokia confirmed the closure when asked by heise online. It was a difficult decision to ensure Nokia remains competitive in the long term.
https://www.heise.de/en/news/Nokia-plans-to-close-Munich-site-by-2030-11079263.html
https://atlantisthemes.com/austerity-measures-nokia-cuts-jobs-the-munich-site-is-scheduled-to-close-by-2030/

Apparently AT&T is going to target laid off Verizon employees with switcher discounts. Absolute savages

Unknown number of employees

Seems Alaska wasn’t hit as hard as other places.

"Today we've made the difficult but necessary decision to reorganize Crystal Dynamics' studios and teams. As a result, we've parted ways with just under 30 team members across various departments and projects as we restructure the company and business for our next generation. Crystal deeply thanks all of those impacted for their incredible talent, hard work, and dedication, which helped shape the studio in so many ways. We are committed to offering our fullest resources and support to you during this transition.”

https://www.notebookcheck.net/Crystal-Dynamics-announces-new-layoffs-and-it-s-worrying-for-the-next-Tomb-Raider-game.1163412.0.html

It really could have been worse when you think about the numbers people were throwing around earlier, because there were plenty of conversations where folks talked about 20,000 cuts or even 29,000. I guess that makes 15,000 feel almost like the least awful version of the situation. Still bad, though.

Nearly 300 people are set to be laid off from a Connecticut personal care brand company and the company says it also will close a plant here.

https://www.courant.com/2025/11/15/one-of-largest-layoffs-in-a-year-coming-to-ct-this-one-includes-almost-300-people/

Layoffs at Pottstown Hospital are raising new concerns about access to medical care in western Montgomery County, writes Jim Melwert for KYW Newsradio. The cuts are part of a 350-person reduction across Tower Health’s network.

https://bucksco.today/2025/11/health-care-desert-pottstown-hospital/

T-Mo planning a 10%+ cut in force and is gunna use the VZ announcement as cover. We’ve being used!

If yall haven't noticed the layoffs have started and there is more to come. They are staggering it to avoid WARN notices.

P&G has proved that experienced hires will always get step child treatment.

Believe it or not. But the upcoming layoffs on november 20th is just the first round. The company is still planning to finish q4 sales strong, so they aren’t intending to hit front line workers hard at first. Expect the second round around late Q1 2026 5k-10k layoffs. These numbers will be determined by how the business has performed post the Nov cuts.

Dont get too complacent, this is just the way of life now in corporate america. With the age of AI & the current economy, cutting cost is the first prio to companies. Stay strong & work hard, everyone is replaceable & no one is entitled to having a job if you’re not contributing enough value.

So the goal here is to take longer and use an application that jumps through 9 different screens that serve no purpose. Bouncing little ba--s and a screen that just freezes. So what kind of kick backs did someone get paid for us to buy this worthless application ? Last time this happened - AT&T Wireless bought Siebel .............and then what happened ? Bub bye.

I know more cuts are planned for 2026, but I’m asking specifically about this round. Have all impacted already been notified, or should we expect more layoffs early next week?

Layoff’s are set to start happening on November 20th, 2025 and this is all due to Verizon struggles in losing customers and rising cost. This is a message directly from new CEO. Sales representatives have now been trying to unionize and HR is going to stores to try to prevent this from happening.

This 15000 is only the 1st round of layoffs mostly lower management.The next round in new year will be upper management levels .Its real and happening if you survive this round done get complacent.You need to start preparing getting situated financially mentally and looking for potential jobs.This does not end well for a huge majority of management levels especially once the frontier merger finalizes

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

The college is eliminating 25 staff positions — eight of which are vacant, according to college spokesperson Paul Miller.

https://www.keenesentinel.com/news/local/keene-state-college-layoffs-faculty-staff-budget-cuts-nh/article_95fb4654-0217-42c9-b70b-576e328faad9.html

Not that I have much of a choice. But this is exhausting and completely demoralizing.

Verizon is set to implement a 15,000 job cut, marking its largest downsizing ever
https://finance.yahoo.com/quote/VZ

Interesting...sign of the times.

it’s coming

A subsidiary of Cigna Corp. that is in the process of being acquired by Scottsdale-based HonorHealth is laying off 143 employees in metro Phoenix.

Evernorth Care Group, the medical practice division of Cigna, confirmed the layoffs in a WARN letter sent to the state of Arizona on Nov. 11.

https://www.abc15.com/news/business/cigna-division-to-lay-off-phoenix-metro-employees-in-anticipation-of-acquisition

So, I’m in NJ and WARN Act seems to say they must give us 90 day notice of layoff.
Does that mean if I’m told on 11/20, I would remain on the payroll until 2/20/26? After that, the severance would be paid at 2 wks per yr of service? I keep hearing “they need to be off the books” in 2025. Does anyone have credible information on how that plays out?

Layoff Communication Timeline
• EVP/SVPs: Notified last week
• VPs: Being notified this week
• AVPs/Senior Directors: To be notified next week
• Direct Managers: Will notify impacted employees on 11/20 via phone call only (no WebEx or video)

⸻

Post-Notification Details
• Impacted employees will be removed from payroll on:
• 12/20, 1/20, or 2/20, depending on state notification rules
• After notification:
• No office visits allowed
• Work limited to transition duties only

⸻

Compensation & Benefits
• Bonuses: Paid out at 100% for the year (no proration)
• Accrued vacation: Fully paid out
• Stock awards: Will fully vest at their scheduled times — no loss of stock value
• Unemployment: Eligible, even if listed as “forced retirement”
• Severance:
• 2 weeks per year of service, up to a maximum cap per job band

⸻

Additional Context
• Further layoff rounds expected over the next couple of years
• Current phase involves 20% cost reductions
• Company undergoing major restructuring — work methods and operations will significantly change

RIF is coming. T-Mo using cover of VZ reductions to announce own RIF. Gunna be a bloodbath.

Today's a sad day as more VSPd or ISPd associates walked out the door.

Some exhaled, took a deep breath and said "good riddance". Others started to cry as they're leaving a place they've called home and family for numerous years.

I'm sad to see the associates go as I know a few really wanted to stay. Also they put in a lot of hard work and dedication into their career.

Until next time, thank you for the training on the work, the ability to be open and communicate with your peers in the every day work.

You'll be truly missed.

https://www.msn.com/en-us/money/companies/in-the-age-of-ai-ceos-quietly-signal-that-layoffs-are-a-badge-of-honor/ar-AA1QqxWA

In today’s CEO Daily: Geoff Colvin on how CEOs are becoming bolder about replacing human workers with AI.
The big story: White House considers reducing tariffs on food imports.
The markets: Down bad.
Plus: All the news and watercooler chat from Fortune.
Good morning. The wave of layoff announcements over the past few weeks is telling us something, most importantly, something that isn’t as easily measured as the number of jobs eliminated. It’s a change in the business environment. We can see this especially in big-company culture, a shift in what is OK and even virtuous to say out loud. Just maybe it’s signaling a new norm for employment and leadership. At its foundation, of course, is AI, regardless of whether companies say so directly.

Over the past two weeks. we’ve learned that Amazon will eliminate 14,000 jobs with plans to eliminate more. Target will cut 1,800 corporate jobs, the company’s biggest layoff in a decade. United Parcel Service reported it had eliminated a staggering 48,000 jobs so far this year. Verizon will lay off 15,000. Nestlé said it will cut 16,000 jobs, mostly white-collar, in the next two years. Why all those mega-layoff announcements in just a few weeks? The usual reasons don’t explain it. The economy hasn’t suddenly changed significantly. Companies could conceivably be bracing for a recession, though it’s far from clear when or if that might arrive; the Wall Street Journal’s October survey of economists shows growth increasing next year. The traditional season for general “slimming-down” layoffs is December and January.

The obvious explanation is AI. Amazon CEO Andy Jassy had already warned employees what was coming: “In the next few years,” he announced in June, Amazon “will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.” The recent announcement emphasized “removing layers.” Target COO Michael Fiddelke (becoming CEO in February) didn’t say “AI,” but he said the company had “too many layers and overlapping work” and would “accelerate technology.” JPMorgan Chase isn’t announcing layoffs but is taking a stance to avoid hiring even as the company expects to grow. The company has “a very strong bias against having the reflexive response to any given need to hire more people,” CFO Jeremy Barnum told analysts recently. “There are definitely productivity tailwinds from AI.”

Note the language. It isn’t defensive or apologetic. Just the opposite—it’s direct and confident. Among Fortune 500 CEOs, having fewer employees is becoming a badge of honor. Call the new model Human Capital Lite, or from employees’ perspective, Right Sizing, Left Standing.

In January 2024, OpenAI CEO Sam Altman said, “In my little group chat with my tech CEO friends, there’s this betting pool for the first year when there’s a one-person billion-dollar company—which would have been unimaginable without AI and now will happen.”We’re not there yet, and we may never go there. But we’re getting closer.—Geoff Colvin

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

1-15k layoffs
2-Looking to gain subs from frontier

What about, 2026 strike?

He didn't invent PayPal, just took over 20 years later. Good Luck

Go check it out. They are talking about us. And not in a bad way.

I know I will be axed, low work volumes, manager who does not care and the unit is a cost center (not contributing to the bottom line).

I have about $40K in 401K loans?

What happens with that.

I cannot repay.

I'll be brief, here are Qs that are on my mind:
(A) Who delivers notices
(B) Who is considered expendable
(C) Which tiers of leadership are already being notified

So new board chair was on CNBC and spoke about the need to act and why. The story was factually incorrect though- why overly dramatize the doom and gloom? Yes, VZ has had a problematic trend and yes the company needs to alter strategy to address it, however he stated VZ has gone from 1st to 3rd in bond ratings (false, VZ still enjoys better bond ratings than TMO and ATT), market cap (pick the day and T/VZ swap between 2nd and 3rd, so not entirely factually incorrect), and marketshare- additionally share has fallen 30% over the last 8 years (false, share is not down 30% and VZ still has the most wireless customers- assuming that is what he was referencing). Change was/is needed, but the company isn’t failing- the income and cashflow statements are enough to prove that point. As a boardmember, executive, etc the focus is almost universally to drive confidence in the company- highlight successes, vision, strategies for growth, etc so that investors and others see the positive story (even when the true situation is more of a mixed bag). Why go on the largest business network and bash the company you chair with false facts? Either he needs to spend more time understanding the company he chairs, or this is to sandbag and lay the groundwork and justification for an absolutely unthinkable scale of change in the short/intermediate term. The later is unfortunately the likely answer.

Lots of Verizon branded swag will soon be donated to a Goodwill donation center near you. I wonder how many former employees will take the time to remove the Verizon brand as instructed?

15,000 jobs gone. A ‘streamlined’ future promised. Yet executive pay stays sky‑high and friends get hired into new divisions. If we truly want transformation, let’s stop cutting the backbone of the company and start listening to the people who actually make it work.

Again and again, layoffs.com predicts exec moves. Someone is leaking stuff here. So much for 'rumors' and 'fear mongering'. Again, we had info shared here before anyone knew anything. And all lies the mgmt was telling us to stop with 'rumors'...

https://x.com/TheLayoff/status/1989427326732702194

topping all charts today.

what a sad role to be in...

If I get RIF'ed, how long can I stay in the company (notice period) to find a role internally, maybe?

My best wishes are with you all, who are effected by this round of layoffs

What did they offer as severance? And did you get a chance ask why you?