Rumor has it a VSP is coming in June. Keep your eye on your emails or never mind,false alarm
25 replies (most recent on top)
Saw an ad for a webinar that is going to talk about it from a financial planning perspective
https://quotientwealth.zoom.us/webinar/register/6817187237597/WN_il8HFS2JQfqZWnkjhDslUw
What are the terms?
I got it and I’m taking it! See ya!!
NEVER take a VSP! Worst case is they still do cuts and you get way less in the future... but that helps VZW grow the business. What person would want to take money from VZW when they have done so much for you.. nice benefits, employee phone program, 25% off accessories, etc. My boss took money for a relo one time and I told the person I was ashamed of them. They were curious why... I said for all the company gives you... pay your own way... that way VZW has more money to do less layoffs. GROW THE BUSINESS!!! Don't take money away from it. I've been here 30+ years and I'll be dammed if I don't get up and go door to door trying to convince my neighbors to leave Cricket to come to VZW. If everyone did that... sales would be even higher and no layoffs would be needed! I once convinced 3 people on a flight to New Jersey to leave their carrier and it was the best feeling in the world. That is our STI!
VSP means Very Special Person. That’s me! 🤭
@3nhe+1sQTWce6 yes, there will always be more RIFs. No, you cannot be rehired as an employee if you take the enhanced offer, ever. Yes you can come back as a contractor after 6 months.
If you love your job, but the money offer is life changing for a year, do you take it? If you don't, will you not have an opportunity for money and loose the job later during more impacts? Can you rehire after 6mos? Many questions
The VSP was announced today for Verizon.
@1puj+1sQTWce6 what list are you talking about? If you got an email with a link to the microsite, you are eligible.
Where are you seeing the list of impacted teams?
I’m reading the list of titles in groups impacted and my organization isn’t there at all so unless the report is wrong I’m not eligible.
The microsite does the calc but it probably would do it for anyone that found it. I’ll be glad if I’m wrong but for now it is just a cruel joke.
I see it and don’t believe it.
Why is everyone shocked that Sampath is doing this two years in a row? Should have left the first time around 😂
Anyone not in a union is considered management. An email with further details on which groups are eligible will come out later today.
Just got the email... Verizon management employees to start
Email is out !!!
Email is out about voluntary separation program. Says this message was sent to Verizon management employees
Yeah in vcg vcp and rto are coming especially with the metrics starting q3
Will the VSP be open for ALL employees?
Special director aand above VSP? I remember last year they had that retitling that leaked and that was just for band 6s. Will 5V VSP mean another boost for those 6Vs that got bumped to director?
True!!! we were told there will be VSP announcement tomorrow. I guess more cuts are in the horizon depending on how many people take the VSP.
Its probably True. What folks need to understand is that VZ eventually needs to reduce headcount by 15K 20K employees. Yes 15K - 20K. The VSP is a humane way of saying, "Thank you, but now its time for you to move on with your life." Unfortunately, V teamers are so comfortable with herding the cats and being overpaid that they wont get the message. Personally, they shouldn't do VSP but just start laying people off. The stock is done 30% from 5 years ago because executive leadership is so slow and d-mb. You thing Hans or Sampath are going to step down themselves from taking the stock down 30%? Of course not. They rather slash and burn their way out.
won't you be pleasantly surprised tomorrow?
Just a few more days till dissapointment if one held any hope.
BS -