They’ve reduced the allocation amount, stretched the vesting schedule to four years, and limited withdrawals to just twice a year.
At this point, it almost feels like Dan doesn’t want the program to exist—but somehow couldn’t actually shut it down, so he’s slowly making it less and less attractive instead. 😂
38 replies (most recent on top)
Eventually it won’t matter, as they sunset it as it did not exist. Dan and paypal party is here to ruin everything… including employee morale, not just RIF was enough for their greed… why can’t those c-suite reduce their Millions and keep employees sanity.
I’m band 6. Got achieving this last year, exceeding the prior year. The grant was $2500 less than prior years, so definitely a pay cut. It hurts in this economy even though the amount is small. That along with other choices such as requiring 3 days in office when fuel costs are so high. Healthcare is up everywhere, but taken together it’s a big hit.
@et I'm band 7 and I use to receive 12k and now I'm getting 6k + a bit more for my last two good ratings. Is anyone else in band 7 had their stock toghether cut in half?
Former employee here. You guys still get to buy VZ stock twice a year at 15% discount?
@az 7T before was 5k, it is still 5k. ONLY band 9 has changed, don't believe what others are saying. If they are actually getting less it is because of ratings and they either have no clue what their ratings actually were or are just trolling.
@ag Band 6-4 got 20k before and now they still get 20k. The ONLY band that was changed was 9V (it went from 2.5k to 1k). Meeting expectations is not even a ranking. If you mean Achieving, if they were achieving in 2024 and achieving in 2025 their amount is the same, if they are getting less it is because their rating dropped for 2025. Its all math, its all automatic calculations. Healthcare increases are outside verizons control, it is an increase for healthcare across the board for every company and provider, blame the providers. Blame the administration. Its not the companies fault no matter who you work for.
Stock is tanking. Recession is coming. More massive layoffs to plunge protect.
@OP you're welcome to leave and find a better equity arrangement elsewhere, bye
@a3 I’m ashamed I work with id--ts like you
Top performance rating last several years. The award link said this is what you would have got but because of your performance you got this and it’s $500 more total. Less than $50 after taxes in the 1/8 increments
Dan is planning another big cut before the stock crashes below 40
Compensation benefits would be reduced over 20%-30% including rsu , sti and medical benefits
Unless he has plan to sell company , stock would not go beyond 50
And the stock is crashing in the after hours. Better do more layoffs quickly & bigly.
Some tech jobs had a higher amount for a couple of years. They got rid of that. The people who have top performing ratings the grants are much higher than original.
Everything at Verizon is a joke. They can’t even schedule an EISP off boarding meeting to just those impacted. It went to everyone in LC’s org.
This PAYCUT is not enough… so there will be Donuts of Dan for ALL HANDS… how Great VZ is… Eelight yourself Dan with AI Poem
@a1 Dany boy made so ridiculous this Su-k together program just for employees, while he and his paypal buddies pocket millions
@a1 for some, very $$$ matters.
I'm getting 0K. wtf!
@ap and before it was 12k stock together right?
My mommy and daddy will be very upset about this change. My manager will be hearing from them soon! I am letting them know as soon I get back from my afternoon driving range time.
@an 7T
@ae which band is that?
@aj What band are you?
@ab What band are you that you got 5k?
Also 5k here and haven’t had any negative performance reviews
@ab Career Band 6
@ae wrong. There were certain high value jobs in verizon with higher lti. Someone meeting expectations now gets less. In tpd l6 got 20k over 3 years. Now 15k for meeting expectations over 4 years. 3k hit per year plus the increased Healthcare costs.
Cut cut cut. Use ai. Do more work.
Stop trying to run this as a startup Dan. Your employees only think you're destroying the company. And more layoffs next year.
@ab around $200
The base amounts have only changed for one pay band, it is the same for everything else. Vesting now matches what other companies do. If anyone got less its because their 2 year look back ratings were below achieving. If that is the case start looking for a new job because you aren't cutting it.
It's a pay cut day folks
I only got 5k. How much are you all making a year to get $10k?
Most will get the base as there are only a percentage that is allowed to be "top performer". Also now they can give you less depending on performance. As others have said it's money we didn't have before, so I'll take whatever they give at this point.
You guys only got $10k?
For those thinking it’s $10K. Think again. After taxes closer to $6k-$7k…then carve that up over several years. Reality check!
@a1 but if you have been here every year, then it’s $10k EVERY year. Not just $10k over 4 years.
Maybe you are rich, but I could sure use $10k a year. It’s much better than the previous bonus 401k match (which topped out at 3%).
And why compare VZ to FAANG RSUs? Nobody is picking between job offers at VZ and at a FAANG.
After 4 years, that’s 10k every year and 10k is 10k. It’s nice bonus, it may mean one less vacation every year.
I never understood why this program is relevant when evaluating if you should keep working for this company. It’s not like FAANG, where it’s a $300K award with a $200K base salary. It’s fkin $10K over 4 years—it’s so small that it’s basically irrelevant. If $10K over 4 years affects your life, then you have bigger problems.