Thread regarding Verizon Communications Inc. layoffs

Band 5 with minimal stake in Verizon

We keep talking about the results we have like I have a vested interest in our company performing. I’m band 5 and my stock grant is relatively low if we’re being honest and it’s even less now that it’s been kicked out to 4 year vesting instead of 3. If I have no interest in this company’s performance, then neither does the band six and definitely not the 7 and below. This is a band 4 and above ownership model. Where band 5 pretend to care.


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Post ID: @OP+1m6ege88r

8 replies (most recent on top)

You are not a band 5. We don't do "stock together." That is band 6 and below. We do LTI instead which at least for now remains a 3 year vesting.

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Post ID: @bh+1m6ege88r

@am many band 8s are administrative/clerical roles and band 9 includes store employees.

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Post ID: @b3+1m6ege88r

There is a band 8 and 9? What are those roles?

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Post ID: @am+1m6ege88r

The reality the C Level in Vz is all on short term compensation. Dan leaves and the backdraft will follow.

There is zero leadership... those are the facts

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Post ID: @ah+1m6ege88r

@ac if band 5 is the first time you have somewhat meaningful equity, what makes you think band 6,7,8,9 will care about this company? They’re financially loyal to keeping their job

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Post ID: @af+1m6ege88r

That maybe that you have LESS stock at band level 5, but you are also getting paid much more salary than those under band level 5 - so count your blessings

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Post ID: @ac+1m6ege88r

Band 8 here, I have more T-Mobile and SpaceX stock than Verizon stock. …

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Post ID: @a3+1m6ege88r

I agree, we talk about this being our company. But this is clearly their company. They’d rather hire a 3P to avoid paying an employee more

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Post ID: @a2+1m6ege88r

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