#vsp

Things have been quiet but we know budgets are still tight and headwinds are only increasing. Something is definitely brewing. How likely is it that they offer a VSP to push out more expensive employees? I recall a post here from a few months back that mentioned this being a possibility. Any new thoughts?

As many of you know, there are almost 300 spots for VSP in France.
Till now, only a punch of people (less than 30) have applied.
They are basically offering the same package of 2 years ago and expecting people to leave lol, especially with the current situation

On the eve of the final VSP departures, it appears leadership missed their training video https://www.youtube.com/shorts/FeP6UJUUtsQ

I heard that VSP is being offered company wide now. I guess involuntary may be a few weeks or months behind.

Only counted two on Linkedin announcing the news... I'm guessing not enough old guys leaving to stop the second phase... involuntary layoffs.

Can anyone confirm the 2Q VSP rumor?

Long time lurker, first time posting. I know we're all recovering from the Nov cuts, but I’ve been bored and reading the actual filings for the Frontier deal, and something isn't adding up.

The Union Shield: I saw the draft decision from the California judge (CPUC) yesterday. It explicitly says Vz agreed to 'No Involuntary Layoffs' for California union folks for 4 years to get the deal passed.

The Money: If they need to cut $500M in 'synergies' but can't touch the fiber techs or union reps... doesn't that mean 100% of the cuts have to come from Management/Admin?

The Calendar: The DOJ deadline to close is Feb 13.
The Kicker: The Nov layoffs happened Nov 20. The 90-day WARN clock resets around Feb 19/20.

Am I crazy, or is the company legally set up to drop a massive VSP/RIF on management specifically in early March? It feels like they are waiting for the 90-day clock to clear so they can target the non-union side.

Anyone else hearing whispers about March?

Rumors have it that very few people took the VSP. Do anyone knows if there might be layoffs coming in early 2026 with the low oil price environment? What are you hearing from your end?

No increase in VSPP offering!???

I got the email. I am a high performer so it was not based on that. I suspect the offer is age based to get rid of the high salary folks. I am 62.
Exit date May 31 2026.
Depending on your level 8 - 26 weeks severance (26 weeks is VP level).
RSU - an additional year of vesting.
2026 Bonus will be pro-rated.
30 days continuation Medical
18 Months Subsidized Cobra (you pay what an employee pays).

Thought might be useful info, so bumping the post up. OP: @aq+1kbjqa3b6

Setting up a new computer today and my access to the severance portal and Verizon benefits connection are no longer working. I haven't logged on in a minute so not sure when this issue started. Anyone else have this problem or know who to contact?

Human Capital had a meeting yesterday and to say that it showed the firm is going nowhere. Over 10 years and none of the HC leadership has ever been any good but if we are trying to "Project 2030" what is this? SM has no direction, just all over the place and the new structure makes no sense to anyone. On the Zoom the usual suspects who kiss up everywhere they go were doing the fake cheering but behind the scenes everyone is like "what is this?"
We have a GP over wellbeing, when is the last time you saw something come from wellbeing?? There are like 4 GP's in talent, two "shared?" for the HR Managers, a GP for inclusion when I thought we got rid of DEI. Just, stupid. How is SM helping PP make decisions about plagues like DC when she can't make her own decisions? This place is going down fast, can't wait for the next VSP I am out of here before the whole place burns down.

Why didn’t VH have Q&A at her townhall. Seems like something is brewing. Surely she knew people would ask about the VSP and layoffs.

I've heard of managers rushing projects and expecting VSP resources to work extra hours, including weekends. And possibly give up use-or-lose PTO. What rights do workers have in this situation? Is there any point in reaching out to HR? Or a lawyer?

It seems there might not be any layoffs from the general pool of people with the exception of those that took the VSP. VH didn’t address it and it seems the company is well position for the future. What’s your take on the townhall? Have you heard any rumors of any upcoming layoffs?

Teradata just rolled out a voluntary separation program.

Made a mistake not opting for VSP last year… now I am stuck with 25 years and not getting riffed… if they don’t offer VSP soon, I may be forced to just resign with no severance package… call me lucky or privileged, but am looking for suggestions

Just heard they are being offered VSP in Quincy. Anyone here from there who can confirm one way or another?

Just wondering if those who are declining the VSP they are eligible for have a concern about being laid off involuntarily with less benefits.

When are union VSPs/IPPs/buyouts usually offered? Does anyone know if there will be one offered in the northeast region?

Took the VSP and now going to the next phase in my life. Oxy has been really good to work for and I appreciate being able to leave on my own terms with the help of the VSP. I wish all those that are taking the VSP well on this new journey in life, and I will be pulling for all those still working at Oxy. Good luck to all and I hope you and your families are all blessed. Thank you Oxy for making this possible.

I got pretty lucky a while ago after almost 30 yrs i took the VSP and was in the first group in September 2024 at 62...

my verizon health care ends at the end of november and if i want to keep it, it will be out of pocket.

i am covering the last 22 months till i hit 65 and get medicare with va health care, and i still have a good chunk of my vsp money left to live on for now...

i have not touched my 401 or my investmnts yet, and i have not filed for social security either.\

i agree that simplifying your life helps a lot and the drop in stress is a huge bonus!!!
but everyone has different situaitons, different ages and their own finances to adjust to...

work every angle, you might be surprised whats out there to help you.

i wish the best of luck to everyone at verizon dealing with the rif, and if you were good at what you did, another opportunity will come along.

Managers, directors , vp , etc…. Are you guys even thinking this through ? How is this even remotely healthy working environment for the ones left behind to cover so many sites. I got peers with 200 + sites. We were so thin with the VSP and now this left us broken. I guess who cares about work life balance. I swear if there’s another RIF and you guys touch GNT I think you may cripple the network. I hope you main plan isn’t to replace everyone with contractors. Did you not learn from Hans and sprint ? You want to compete with T-Mobile and At&T but this is not the way. Loosing top talent just to go work for the competitor.

I survived but I don’t feel comfortable now. How long until I’m next? Executive don’t give a cr*p about us. I’m in network assurance and we were already thing with the VSP and bo-m! Hit us 15 more people in our market. What now??

VSP’s would have been a way to keep quality employees and save money with tenured higher paid reps taking packages. I personally would have taken a package so it could have freed up someone younger who wanted to grow with Verizon. If the VSP process was done there would have been less layoffs to announce and stores inheriting quality reps and managers from the closing locations.

Anyone know if they will send emails for VSP?

I was doing some research on common severance situations using my AI of choice and it mentioned that some have been able to negotiate a better severance offer even up to the VSP levels? Anybody know is that really a thing? I didn't think we really had any leverage in this whole thing?

Sorry that were all here again trying to figure out how these decisions are being made. Ive been here 20+ years, worked for a lot of leaders at the top (some currently still there) and without giving out too many details -- unfortunately this is far too common in the tech industry. My peers and I have survived some major ones since 2015-- (some were impacted, relo'd, VSP, Rif'd --lots of great talent that was lost in the last decade) This happens pretty routine with some being larger when we changed leaders/strategy since the days of Lowell McCadams... Anyways, I've had a couple of discussions with several groups and take this comment as an educated guess (some claim they heard this from some decision makers) and if it helps you predict your outcome so that you can decide on next steps, then great-- but also remember that at this point-- all those decisions have already been made so "try" not to let this consume you (I know much easier said than done!) but just trust that you can't change that outcome so hopefully you can make peace with whatever happens from now until Thursday. That being said here's what I've heard

1. If you were asked to work from home this week -- you may be impacted -- this makes sense as to try and not have a huge emotionally charged situation happen in office on Thursday-- it may impact you or your overall group

2. Band 5 and up were suppose to be notified today, Band 6 (ADs) notified tomorrow, and the rest on Thursday --- Seems that some people are notified today so this seems to be likely as well

3. There will be guidance on who is rif'd to prevent law suits. It wont be random or get rid of x people, it most likely will be based on the following - Anyone on a performance PIP or write up, anyone tagged as "home based" and not near an office location (may be department specific) --- Everyone knows that theres a push for minimum 3 days in the office and BAU prior to covid... so if you moved, or aren't near an office then they may offer you the choice to move but with the interest rate etc. this option may not be likely for most-- *again this make sense just based on the direction of employees being hybrid or in office preferred. Not to say no departments/jobs can work from home, but that being the norm will change to the exception --FYI this is 14,500 emps alone across the enterprise (I have the exact number but don't need more people poking around how I know that!)

4. no Brainer- redundancy will be eliminated-- And for consumer it will start with the Sales leaders hierarchy-- This is not new folks, it will mean Indirect/Retail Market leaders will be consolidated starting on the sales side (heard this went from 6 to 4 today, but I haven't confirmed and someone from CSO told me this, but haven't checked so if someone can verify here thanks)----> which means DMs/managers,reps, store closures or plans to convert those to indirect, then their support teams will be consolidated which are field ops, field enablement, training, merch, HR, talent acquisition etc) and marketing groups that got beefed up again will get consolidated **more on this on #5, but this is also not a new way to make these decisions so it overall makes sense. When Krista left and Market leaders were stood up-- they just followed suit generally to the prior markets -- but we had a larger hierarch of AREA and consolidating it from 6-4 MPs make sense to do the same task with less people and just spread the out more.

5.) this one is a little bit more specific/niche to department/job function that's tied to the consolidating of Sales MPs --- this is general educated guess so it may be completely off-- but there's always been a move to group Retail and Indirect together in one umbrella-- which started even back in the days when Kevin was here before he came back. -- SO again not a new way to "consolidate" this means that strategy and operations needs to align-- which typically means Finance supports enterprise budget/data and these are your aggregated info/data folks (some consolidation may happen here also) but generally they don't support a particularly niche but support enterprise-- so everyone uses their info since thats what the leaders get, then you get the folks below them that take their info and break it down to dashboards and data, analysis for leaders tasked with managing people's performance/KPI and metrics -- these are probably your GTS folks, developers that get a jira, data scientist, data visualization, business intelligence roles (think MeTREX, tableau dashboards etc), groups managing resources that are EDW based, GCP developers etc-- (again may get touched but depends if theres overlap and redundancies---- )
But then theres other "rouge" reporting/strategy groups that do similar roles/functions but are either niche, or specific to a group--- back in the days, this would be your region reporting folks not in a finance umbrella or reporting folks that are with non/reporting titles and are in none data groups--- Making the choice on how to consolidate this will probably entail more than general guidance-- (back then it was streamlining titles, departments, or number of employees a manager has etc.) but if you're supporting more of a niche- then it may not align with overall strategy so you may also be impacted. This is probably the most vague--- but if you think Finance is the law with the numbers, then there are groups that support that that under that umbrella-- the further you get away from finance and move into supporting data/ops specific to a leader then this is most likely unnecessary redundancy--- (formatting colors, creating specific market reports etc) <<--- again this is speculation but in the past has been pretty common way to reduce headcount. Yes, a leader may want the report to look this way, and they dont want to go to 2 dashboards to get what's being consolidated for them, but this is now a nice to have and not a necessity

6.) lastly, this might be the main/first wave ,but most likely once the dust settles there will be further refinement in 2026--- Q1 to determine what is redundant or no longer needed. This could also be when they take salary into consideration (which would be terrible since I'm at the upper end of my band) but from what I heard Salary at this point may not be the main criteria but may be used later since most likely it's not just related to "bodies" being reduced, but savings in overall cost.

That being said-- feel free to chime in if you heard similar things... Having gone through so many of these and lost countless talented coworkers (most went to FAANG companies or other major tech ones!) one thing about Verizon-- if you've been here long enough-- then you are most likely highly skilled, trained and able to transfer those skills to multiple industries so if you are impacted-- I'm hopeful that your experience will be appreciated in other industries and you will eventually land somewhere. But it doesn't get any easier-- there's some really amazing talented folks that are always impacted by this and survivors remorse is also very real. A lot of us in 2015, even though we made it, still felt a heavy burden seeing our friends/co-workers be impacted. I know this isn't saying much-- but having personally worked with Kevin (and NO I am not a Kevin stand) from what I know he is a good guy and I don't think at least for him at his level this decision is easy and I also know some of the people that work under him and the ones I do know, in the past this has weighed heavily on them. I don't have much of an opinion on Dan but whats right for the investors may not always be great for the work culture but it's something thats gotta be done and for better or worse it happens in all tech industries-- so if this is not something you want to be in year after year maybe use your severance to decide what you want for yourself career wise next time --

Good luck everyone and hopefully I will see some of you on the other side of this!

Standard severance would have been: $92K. But, I took VSP last year and I got $170K instead. VSP was the better choice me thinks.

I know many of you are kicking yourselves for not taking the VSP package but I want to share some positives of not taking it and getting RIF’d (assuming you get the max 35 weeks)

• had you taken it last year and had a last day of September, your insurance would now be running out at the end of this month. Instead, you have it through the end of this year and for another 7 months
• your severance pay will likely hit in 2026 making the tax impact much much smaller
• you don’t have a non compete and are can be rehired at Verizon. VSPers can never be employed by VZ or a subsidiary again
• instead of 60 weeks of pay, you essentially got 100 (granite you had to work for 65 of them. But that’s still more money in your packet than if you took the VSP)

Just wanted to provide a more positive outlook on this crummy situation. Best of luck to everyone.

Looking for anything on the fast team. The group has lost a few in the past year with vsp and folks moving to sp but seems to be working more and more sites even doing remote site integration.

Is it pretty much a given that you’ll be included in this RIF?

I made a mistake. I'm an id--t. That's all I wanted to say.

Anyone with past experience porting the consession phone number? A pin and acct# would be needed. I know of folks that took vsp that ported. If allowed this go around, any details on getting that done?

I continue to hear rumors about an upcoming future layoffs AND a merger. I'm hearing that the VSP and additional layoffs are being done to position us well for a merger (GuideWell???).

I know most will think I’m a troll or lying but for those looking for legit advice, here it is. I have been here over 20 years, seen so much change and been impacted multiple times involuntary. It hit me hard, I was kicked to the curb but lucky to find a new role within to stay. I know more about how all this works internally than most of you unfortunately(how we’re notified, off pay, insurance, tax, etc). I wish I didn’t. Then, the first VSP came, I didn’t even look at the offer. The second, I looked but didn’t take it. This got my butt in gear so I didn’t get caught flat footed. While I knew I was staying, I took the last few years learning a new skill, a trade so I would be ready to move on one day. I would actually like to stay here. I have a great team and a great boss. I am lucky. But this week might be that time for me, who knows. This is my advice. If you are fortunate enough to make it through this, don’t sell yourself short and think it’s done. This is the beginning. Take it as an opportunity to learn something new that you see as the future of work. You’ll only sell yourself short if you do nothing AND survive this week.

Everything is a guessing game at this point.

Customer service and store channels to get a complete overhaul with new leaders and possibly a lot less of them to flatten our business?

Pull back of vendor customer service? By how much?

Work visas to be cancelled?

200 stores will be going to indirect with less support. More to follow?

Value organization to be drastically trimmed and a single brand for all prepay? Total to be sold off?

VSP offered for anyone who wants it?

We will all know soon. Until then. Do your job well. Get your end of year performance documents ready. Stay focused.

I have noticed individuals who accepted the VSP last year now asserting that they chose to leave rather than being laid off on LinkedIn. VSP acceptance and being laid off as functionally the same, as both indicate the company was not invested in retaining those roles. Trying to reframe VSP acceptance a year later as a superior decision does not change the core reality that those positions were considered replaceable. Such a coward move to stay quiet for a year then come out talking about lay offs when it’s easy. Cowards!

I have seen posts on here mentioning that specific Senior Directors are updating their LinkedIn profiles to "open to work," but the authors are refusing to name these individuals. DONT BE A COWARD. If you have firsthand, verifiable information about specific SDs, please include their names when posting.