Just heard that Verizon is reducing vacation accrual caps to 125% from 150%? Is this legal in California?
6 replies (most recent on top)
@c6 For those of us that want to stay and help with the Verizon turnaround and also not be RIF’ed, this is great news!
All the rest of you, please just quit already if you don’t like it here. Bye!
Nothing is more insulting when they sc--w you but pretend they are doing it for your own good.
It's still very generous, you entitled tw-t.
This is done in many corporations -- not surprised - put your seat belts on the party is over
To be honest 125% is reasonable.
Many companies have a no rollover “use it or lose it” policy.
In California, employers can place a cap on how much PTO an employee can accrue, but they cannot take away or reduce PTO that has already been earned.
Example: If you earn 10 days of PTO per year and your employer sets a 125% cap (12.5 days), but you already have 15 days accrued under the existing 150% cap, you keep all 15 days. However, you won’t accrue any additional PTO until you use enough time to drop below the 12.5‑day cap.