#wfr

This is absolutely brutal. It will take quite a while to get used to the "new" Verizon.

Some say 10% WFR, others say 30%

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 left my meeting. it's done.

it’s freaking Friday!!! How come???

good luck folks

I’ve resisted posting on here, but I feel the need to. I’m in a Management position, but not giving specifics out of fear. My Leader gave me a directive on Friday to prepare for the big Q1 WFR list. Here it is. We have to try to avoid cutting H1B people because we uprooted their lives to move them here, so we can’t leave them stranded. So I guess they feel it’s OK to uproot talented Americans’ lives instead of getting rid of cheap, inferior workers. Total BS!

What is the ROI on this and how does it align with our strategic planning?
At a time where we keep hearing about constant cost-cutting, endless WFRs, hiring freeze, and rumors of no raises, I think leadership owes us transparency on the motive and expected benefits. This really makes me sick to my stomach and I cannot be alone on this sentiment.

https://finance.yahoo.com/news/wells-fargo-warns-more-layoffs-203919733.html?fr=sycsrp_catchall
Wells Fargo has cut staff every quarter for the last five years. Its headcount of 210,821 declined 1% from the end of the second quarter and is down 4% from Sept. 30 of last year.

The CEO said the company has instead become more efficient.

“This was not driven by business sales or outsourcing but, in fact, real improvement in our efficiency,” CEO Charlie Scharf told investors on the bank’s earnings call. “We’ve also significantly reduced how much we spend on professional and outside services as well as non-branch real estate.”

Exact numbers of people who will lose their jobs were not shared.

By December. Stay tuned.

USAA went from being a decent to a horrible place to work in the last few years. I'm ready to move on, and it'd be even better if they paid me to do so.

Was part of the Sept 22 impact with effective date Oct 3. Health insurance is extended through the end of the impact month, however FSA cutoff is the last day worked. I scrambled to more a dental procedure from November to mid-Oct only to find out ot won't be eligible for FSA dental coverage since it was not prior to Oct 3. The paperwork provided is confusing at best and no one walks you through it. I am out $1200 of unused FSA because I thought I had til Oct 31. Don't make my mistake.

For those impacted by the wfr and are on a h1b visa, what are the options? Is Juniper going to maintain the status during the severance period?

What is the rationale behind newly formed Rev Ops under David Schmoock? Will it create overlapping roles and lead to WFR? Does it include any updates to Services group?

Hearing rumblings about weekly WFRs underway, any numbers or specific depts?