RIF Trends To Expect

1) Rumors site starts getting more and more input/traction.

2) Big news media start noting potential layoffs possibly leaked by Dan and or his communications team. This lessens the blow when they actually happen internally and also starts painting a picture to the market. (Dan just noted AI will result in 20-30% unemployment for companies

3) Teams notified to work from home a week prior to the layoffs.

4) During a payroll week, Mon/Tues for Senior Directors and Thursday for the rest. The expectation amongst many well connected is Thursday, May 7th. VPs and higher are probably Earnings week w NDA. Probably will be same 15 min script for those impacted starting around 9am. And then all hands for folks remaining around 11am.

What else trends are anticipated here?

#Layoff #LayoffRumor #RIF #Rumor

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I have had several verbal confirmations that yes, it will be a massive layoff May 5- 7. Similar to November, about 15% of the workforce.

No VSP. Notifications will be the week after earnings.

Town Halls may get canceled or postponed.

Your manager starts avoiding you (sign that you’re on the RIF list)

@a6 at this point, if they offer a VSP, they will get plenty of volunteers.

It will be before earnings. In the earnings report there will be a line item for “severance expense”

@a4 on one hand, hoping for a VSP this year can be viewed as a pipe dream, wishful thinking, highly unlikely to happen. On the other hand, who thought there would be a VSP in 2024 after one only 6 years earlier?

I still doubt a VSP will happen this year, but nothing surprises me anymore.

RIF or another VSP - or both? i wonder what, if any, separation packages will be offered? There seems to be a difference on when this will occur and how.

@OP good luck to those still at Verizon. I hope they are prepared this time. Prepare is the only thing you can do.

Thread regarding Verizon Communications Inc. layoffs

RIF Trends To Expect

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