#vsp

By now, is it clear what criteria was used to determine who'd get the VSP offer?

I had to register for the voluntary separation program, I put my number and email correctly. 2 hours later I am getting codes that I have requested. Do not call the number they provided. 1 hour and 18 minutes later they sent me to voicemail. Just an fyi

After reading the VSP offer, details & information and the FAQs, these are the questions I have for leadership. Please feel free to add to the list:

1. Can employees review the Separation Agreement before making a final decision? We’re being asked to make an irreversible decision (if our application is accepted) before seeing the actual release language.
2. What is the true amount I will receive of if I accept the VSP? Not the estimated amount. The concern is the amount maybe lowered after our application is approved.
3. If I decline the VSP and am later laid off, what severance amount would I receive? This amount could be lower or higher and plays a big part in the decision.
4. What percentage of VSP applications are expected to be approved?
5. What will my monthly health insurance cost be during the 6-month COBRA subsidy?
6. What will the full COBRA premium cost after the subsidy ends?
7. When should employees expect the lump-sum severance payment?
8. If rehired by Centene, what repayment obligations apply?
9. How will unemployment benefits be affected by the VSP?
10. What happens if my VSP application is approved but business needs change later?
11. How likely is it that accepted applicants will receive a September 1 separation date? The FAQs state the dates may vary.

This is honestly hilarious, Centene can not even fire us correctly...
The website wont give verification codes.
We are in the dark for hours, Cryptic emails.
Every leader is radio flipping silent.

For a company I loved to work for and with, this is ridiculous from the chiefs of the company.

Is it standard practice that some "applications" may be denied? As in, you could accept the VSP terms only to be rejected anyway? My manager made our team aware of this possibility without coming right out and saying it. He said "not everyone will get accepted" which I found out.

Obviously Centene stands to benefit from seeing how many people will bite before giving them the green light. They benefit, again, from having a final headcount by 7/2 so that they don't accidentally over-correct. Not that it makes much sense to offer the VSP to so many employees that Centene could end up needing to hire people when all's said and done, but clearly leadership isn't the brightest...

This is the first I've ever heard of one of these programs. I'm trying to gauge whether Centene's being extra shifty with the "your application may not be approved" sh-t, or if that's standard.

And what department do you work in?

I got the email, but the phone lines are extremely busy. I was hung up on after over an hour of waiting. What a mess.

Is anyone having trouble getting in to their account to see the VSP offer? It’s not sending the verification code to my email no matter how many times I resend.

Idk why no one read or listened to the “London Calling” episode…. VSP offers expire 7/1. They’ll base the number of the layoff based on how many people took VSP’s. Everyone who is gonna be laid off will be notified by the beginning of August. Emails with offers are going to most everyone, you’ll get an email at some point today. It’s in waves. If you’re already having a foot out the door, take the offer and ready to move on from Centene, take the offer.

Give job title, yrs of service and offer

I got my VSP offer this morning and am considering it. I'm trying to figure out what I would get if I don't accept it, and get laid off instead. Does anyone know what the typical severance is during these rounds of layoffs? I'd like to compare it to my VSP offer.

Do we have any idea how many need to accept the VSP to ensure there is no need for a follow up involuntary round?

I can't take the constant stress of worrying about layoffs anymore. I even convinced myself, foolishly, that working hard might help me keep my job. It's strange how our minds turn against us when we're backed into a corner. A change of scenery, even a forced, prolonged holiday, would help me break free from that trap.

So if we get the email tomorrow about the VSP, we shouldn’t worry because everyone is getting them, or should we worry?

Certain employee groups are ineligible for the VSP “ “.

What are the specialized roles and core initiatives that would be “safe”

Are new team members exempt from the upcoming layoff or just not eligible for the VSP?

Senior executives- VP and up?

Some departments have been laying off staff for months now. Was that a separate initiative?

Why aren't any of the CEO's who make millions and millions of dollars a year taking the VSP and being transparent about it?

LEAD BY EXAMPLE!!

UNSTABLE PILLARS - FOSTER A HEALTHY ENVIRONMENT, DRIVING BUSINESS ACCOUNTABILITY

So now we have a Voluntary Separation Program. So quitting with extra steps.

:)

Want a huge bump to the stock price? Offer a package to the union side of the business. I believe many associates would take the offer!

I think with a vsp the termination play is out versus a vtp. Does anyone know

Are all areas facing issues with complete chaos in their depts because they lost the good leadership (and valuable associates) they had with VSP? My area is crumbling and the management we have been left with is relatively new with not enough knowledge to properly manage. I’m not sure her skillset has even included managing people before. It’s become a free-for-all with some associates logging on barely 4 hours a day doing pretty much nothing. We were swept under a new director who also had no experience with our departments responsibilities so he exists but has been 100% absent. We were already understaffed before VSP but the past 6 months we are sinking fast. Is this just my area’s reality or is this being felt across the company ?

I wish her the best and appreciate what she did for all us employees during Covid and the tough times we went through. She could have laid off many of us, and most kept their jobs, or took a generous VSP. I say this as an employee and not an investor, and I will always think she is one of the best, if not the best CEO for employees. Thank you again Vicki and enjoy your retirement. From a personal standpoint you made my retirement much easier with the VSP, and I know it could of been different.

For the folks who can't just quit. Does gain well offer a Voluntary Separation Program? I still would like to get unemployment but I cant just quit.

allowed to come back to work at VZ. Anyone else heard this?

The VSP and enhanced severance employees in 2024 were not supposed to be re-hired

Hi guys, I’m wondering how is the situation for our German colleagues.
I applied for an internal position there.
I heard that lot of people left by applying to the last VSP and now many teams are understaffed

Not talking about some C-Suiter who sent out an email about their new chapter in life, but someone you actually worked with or "adjacent" to (or at least in your building). I have over 10 years with VZ and can only name 2 people. Plus one more who took VSP at the time they were about to retire anyway, so make it 3 people who actually retired. What does that say about VZ?

I have seen several posts today from people who say they are leaving Verizon. Is this VSP or something else?

Can former VSP recipient be eligible for rehire after 12 months?

Anyone out there who quit, were VSP, ISP(Rule of 70) and didn't go to another financial firm, keep the LP at EJ?

Does anyone recall the details of the VSP offer from a few yrs back? Just curious how that stacks up against the current severance.

Also interesting to see Microsoft's August approach making VSP available if Ur age + YOE > 70. So long, old timers with experience, don't let the door hit u on the way out!

May should be interesting with the big exodus. Who will be out?

Can anyone who has been ISP'd tell me the severance differences between the VSP and being ISP'd? My position is about to be terminated. I was offered the VSP but didn't take it because Im nowhere near retirement. I know the VSP offered 2 weeks per each year worked. Does the ISP work the same, or am I going to be shorted severance because I didn't take the VSP? Trying to figure out my life after giving 18 years to a place I thought I was going to retire that has turned into a complete dumpster fire.

Are all the chemicals sites offering SVS or just US sites? Only heard of Geismar. Not sure about the others.

Can Dan or Sam offer a VSP already! Heard people were let go last Thursday. Nothing was communicated to our group. We were surprised to hear of anything. On top of that what happened to leadership communicating additional layoffs around the business?

Okay, turning in my 2 weeks soon then. Peace out y'all, the ships sinking fast and I'm making sure I get a lifeboat. GLTA