#severance

If you plan on applying for unemployment make sure you research the timelines. Verizon will ask you to sign your severance ASAP. They will not advise on what's best for you here. You will have a window in which to sign your severance. For us it was 45 days. If you sign within 30 days of your last day (in NY anyway) you cannot apply for unemployment.
Don't use my timelines. Do the research. It's important, and they will not tell you even if you ask.

Anyone still waiting on severance package email? I haven't received any email yet from HR.

I’m from Texas and I recently found out that upper leadership is getting with management and Regional Managers trying to figure out what positions are really needed within the clinic nurses and medical assistants, so I know cuts are for sure coming. So they would rather put more work on staff members, then hire another body. In my honest opinion, they are going to get rid of all the seasoned employees that are getting paid more so they can hire new hires and if you do get laid off, they’ll probably make you take the severance package lose all the years under your belt with the company and then re-hire you at zero years. I was unfortunately part of the first round of layoffs a few years ago and that was part of the package if you take the severance package, you lose all the years under your belt.

First of all, i empathize with all my coworkers that were impacted today and wish them my best as they pursue other opportunities .
I survived today but want to know what is the severance package offered this time?
Is it std severance(2 weeks per yr of service and capoed at 35 weeks pay) and same amount of medical coverage upto 35 weeks? TIA!

Like may here I was impacted today.

I see the severance calculation which makes sense based on salary and years of service, but I see no mention of my vacation time.

I have a large vacation balance and wanted to know if we see that payment figure anywhere in the portal?

Was laid off as Verizon rep inside Best Buy. I replied to the message earlier to confirm, but I’ve had no communication since. How do I access to see my severance. Thank you!

last day of service is 2/20.

Total Pay: (lets just say 50k)
State Required Pay: 25k
Final Severance Pay: 25k

why am i only getting 25k?

26 years 8 months 23 days.. promised I was safe, straight up until yesterday. Call invite at 8:55a, cut at 9:15a. I hope the higher ups get exactly what they are looking for, chaos. Best of luck to you and try to enjoy your holiday. took it from a long thread.

I still cannot get into the Severance portal. Can someone post what the package is?

Just an FYI, I reached out to Costello Silverman attorneys (see below).
I'll have my consultation on Friday, will update you on how it goes.
My case is a bit different if compared to others but I will be asking general questions too.
Not sure if anything can be done given the severance and 'at will' clause but I will try nonetheless.
Good luck all
https://www.costellosilverman.com/employment-law/

I was informed I was impacted but have not received the email with the links, etc.

Anyone have the link to the severance portal?

Any legal advice on why my severance package doesn't payout the full 2024 STI and only a 30 day notice for Ashburn VA office?

Does anyone know when the severance checks will be sent or direct deposited? I am trying to figure out that if my last day is 12/19 when will the checks or deposit be dated. Will it be dated 12/19/25. Or 4 weeks later so we get paid in January 2026? It’d be better federal tax wise to be paid in 2026, wouldn’t it? I just can’t tell by the wording in the severance documents. I’ll call them tomorrow, but wondered if anyone here had some insight.

For those of us whose official separation date was November 14, when can we expect to see our severance payment?

Pi-s poor severance 2 times years of services smh

Anyone else seeing the same? Maybe I am not looking at this the way I should. Please help.

I took a look at the numbers and saw there is a HUGE disparity on the amount. If they want to be honest in their dealings - pay the higher number

I have logged in to the severance portal and I see that the STI amount is 0? Does anyone get it?

Does anyone understand the weeks of medical benefit line? Does that mean we keep our insurance for that many weeks? Or is that strictly cobra coverage? They don’t explain anything.

If my last day on payroll is 12/19 but my work anniversary is January 1 do I get a prorated amount or is it a hard cut off for years of service?

I was hired in December 2 years ago and in the RIF call I asked my manager if I will get severance based on the last day of work or notice day which will make a difference to get a 1 or 2 years based severance package.
He didn't know and said HR will contact you but no one did so I wonder what to expect as I didn't get any further communication yet after my manager's call

Looks like they are cutting everywhere. Last day is Dec 19th. Package info will be released later today.
Looking forward to great opportunities.

has anyone been able to access the severance portal yet? Every time I try to follow the login instructions, it tells me i entered the wrong username and/or PW and won't let me get any further

Does anyone know what they use to determinate the sev package? Is it 2 weeks a year? Straight 6 month salary?? Etc

This is more of a vent….

So, my layoff date is January 8th, 2025. I’ve only been with the company for 2 and a half years. I see I’m only getting a month’s worth of severance pay - the three weeks plus 40hrs of PTO. That’s bs! How am I supposed to survive? I’ve seen some companies give at least three months worth of a package. And I’ve already been looking for jobs, but I’m getting lots of rejection emails. I have a Masters in Healthcare Administration and I just saw where my degree will no longer be considered a professional degree. This year has already been a train wreck for me personally! I couldn’t even celebrate my graduation because I literally found out I was being laid off a week afterwards. 2026, please be good to us. We need jobs, income, and peace. At least I do.

This is sad for me working for almost 8 years just got laid off

I want to milk this to the maximum. I earned it after 12 years here.

Part of the 9/19 bloodbath and got laid off without notice.

Aren't we supposed to get 60 day notice due to the federal WARN act? WARN violations charge $500 per day of violation. We should be getting an extra $30,000 to our severance.

Sorry if this was already asked and answered, but posts are coming in too fast and I can't keep up. Are people getting any extended medical coverage as part of the severance package?

Got the webex from my boss's boss. I'm out. Last Day 12/20 on payroll. Severance portal opens at 1pm.

Corporate Finance Ops. I'm 53. 9 years with company. 3 years as contractor before that. Band 7.

What’s the severance package like? Enhanced and 3 weeks per year like it’s been in the past? Standard 2 weeks per year? Or is it really just 1 week per year like some rumors have mentioned?

The only thing worth anything in the retirement package is you can carry over your sup life insurance. All else seems expensive as cra*. But they do now have an option to get through ACA.

So sorry. Just had it happen to me. Was read a generic script about how I'm going to receive something 'comprehensive' when I relocated less than two years ago. Can't wait for my 2 weeks of severance!

Employed through 2/20 per NJ Law. Severance portal opens at 1ET. EPP extended 1yr though so...woohoo.

Twas the night before RIF-mas, and all through the store, not a salesman was selling, not one through the door. The severance was printed by HR with care, in hopes that the shareholders soon would be there.
The "V-Team" was nestled all stressed in their beds, while visions of metrics danced in their heads; And supervisors anxious, and I in my cap, had just settled down for a restless, short nap,
When out on the network, there rose such a clatter, I sprang from my laptop to see what was the matter. Away to my Outlook I flew like a flash, to see who was cut to save corporate cash.
The glow of the monitor on the newly fallen snow gave a lustre of panic to objects below. When, what to my wondering eyes should appear, but a mass email sent at the end of the year,
With a little old driver, so lively and grand, I knew in a moment 'twas the boss of the Brand. More rapid than 5G his notices came, And he whistled, and shouted, and called them by name:
"Now, Retail! Now, Network! Now, Admin and Billing! On, Tech Ops! on, Support! The numbers are chilling! To the end of the quarter! To the side of the wall! Now slash away! Slash away! Slash away all!"
As dry leaves that before the wild hurricane fly, When they meet with a budget, they mount to the sky; So up to the C-Suite the profits they flew, With a sleigh full of bonuses, and dividends too.
And then, in a twinkling, I heard on the call the prancing and pawing of the Town Hall. As I drew in my head and was turning around, the reduction in force came down with a bound.
He was dressed all in suits, from his head to his foot, and his reputation was covered with ashes and soot; A bundle of pink slips he had flung on his back, and he looked like a reaper just opening his pack.
His eyes—how they shifted! His dimples, how scary! His outlook was bullish, his logic was airy! He spoke not a word, but went straight to his work, and fired the veterans; then turned with a je-k,
And laying a finger aside of his nose, And hitting "Reply All," up the stock market rose; He sprang to his limo, to his board gave a whistle, And away they all flew like the down of a thistle.
But I heard him exclaim, ere he drove out of sight— "Happy RIF-mas to all, and to all a good night!"

I feel for everyone going through the RIF right now. I was there, high performer for the company, bled for the company, and there I was dismissed.

If they offer it, take the enhanced severance package. This package gives you 50% more but means you can never work at Verizon again. I asked where I could sign instantly when presented with the this option.

I found another job that pays me 25% more than when I worked at VZW, and I was a high performing leader. Honestly, VZW is a sinking ship. If you aren’t RIF’d this go round, start looking for something better. The grass is greener on the other side.

The sun will shine again, and brighter once you are out of the VZW shadow.

I was wondering if commission pay was included in the severance package. Preparing for the worst. Good luck to everyone God bless you.

I’ve worked in the retail side of the business for 8 years. I’ve seen the shift of customer service to overseas, the inflated quotas and the lack of communication between higher ups and store level management. The company has changed its direction 180 degrees and shareholder profits and faith have shifted with it. For a lot of people the job search is what scares them. I personally see severance, unemployment and time with family around the holidays as an unexpected surprise to embrace. Some people are okay with complacency, but sometimes you just need a change.

I've made decision to leave the company regardless of what happens with the layoff. I'll likely survive, but would gladly take the severance.

My question for today is: Does VZ still pay the full STI amount for 2024 if I resign in January 2026?