Word on the street is that Verizon has started to offer full time employment back to people that took the VSP. Could this be true and if so does it show that they made the mistake of letting some of the most talented employees leave?
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Reacting to Post ID: @ujqq+12tFBtrw... I was laid off in late 2015 and it was NOT voluntary. Several years later I was encouraged to join a different Business Unit within VZW and was then informed (indirectly) that my ID in the system had been tagged as NOT ELIGIBLE FOR REHIRE. The recruiter completely ghosted me and another HR person that I knew refused to respond to my inquiry since I remember them saying that if you can find another position in the company we could apply to that. So... Did VZW lie to 8,000 or so of us they let go in late 2015 or did some stellar individual just check a box and now they are so terrified of losing their jobs, they choose to hide from you then just be honest. If the latter, that is so sad for the folks still working there. I was there for over 12yrs and we never lived with that level of fear, especially in the Network Group. I've mentally moved on from that last opportunity, but it certainly was a letdown since it was a perfect position, do some new things, and working with a bunch of people that I consider friends.
I was in HR at the time of the VSP. And I took the VSP. I am very familiar with the terms. The original plan was that no one would be permitted to work for VZ again, even as a contractor. High level leaders, particularly in VZW, flipped out and the final decision was changed.
The agreement we signed provided that we could not apply and be hired again. There is a flag in our profiles that indicate to recruiting that we are ineligible for consideration. However, two loopholes- one, you could be a contractor after 6 months. Now that we are a year out, I’m sure there are contractors in place who took the VSP. Two- if the business leaders decided THEY wanted to rehire you, then they can. They would tell recruiting to put you through. But, the leaders have to be the one to make that decision.
So yes, people can be rehired.
Management employees my foot. All non Union employees are "management" as per Verizon. People can come back as employees if someone up the chain approves. But that is not going to happen
Totall true. I left because they closed my site and I didn’t want to move so I took the VSP. About 6 months after I got an email advising that “my valuable skills and experience makes me perfect as a contract employee”.
Quickly deleted the email though because as stated before in this thread, depending on your role, the things you gain from VZ are actually desired out there in the world. After the whole interview process I had a job offer 30 days before going out on VSP so it was a seamless transition.
I keep an eye on this site because I am interested in seeing what closures happen down the line plus I have a lot of stock type investments in VZ. Have a great day and enjoy the trolling.
No. That would be like getting cancer back after being in remission.
Huh... So when management leaves, VZ tries to get them back? You don't hear about them trying to pull lost union workers back. Funny.
People who took VSP cannot ever be a VZ employee again... it was in the contract signed. Yes they can work for VZ as a contractor (max 30 months). As a contractor you get no benefits, as mentioned previously if your spouse has benefits, it's not a bad gig. What a co-worker of mine pulled off, took VSP (full 60 week payout) and then 6 months later got hired by InfoSys to do same VZ work that was previously being done. So same work, different management & 8 months of salary+bonus in the bank.
Got picked up as a contractor at nearly twice my salary doing exactly what I was doing before I took the VSP. Worked for about 6 months and made a mint. Just got offered a full time position at another company so I'm leaving in early 2020.
Frankly, I'm glad to be gone. The corporate culture there has gone completely toxic. Teams unwilling to help one another for the sake of providing the most 'insights' to senior leadership. Foolishness.
Former employees coming back to VZ has been happening since way back. My pops did it with Ma Bell and I did it 33 years later.EBITDA is a hell of a d–g and footnotes are it’s m-tha–ne.
OP, you must ge on the wrong block. That street is a dead end.
VZ VSPed: Disallowed!! The word on the street is "not" correct. Please disseminate information from better sources. Welcomed back as a contractor. Not welcomed back as a VZ W-2 employee unless authorized at the VP level???
Look at it this way, with the VSP, the got rid of the pension obligation to thousands of employees, they don't have to pay 4-5 weeks of vacation to thousands, they don't have to pay the majority of healthcare premiums for thousands, they don't have to pay salaries to thousands, they don't have to match 401k contributions for thousands. I read that they saved 17 billion $ with the "middle class tax cut". That would more than pay for the VSP. So, I don't think it's the people per se' that they wanted gone, it was the financial obligation incurred because of those people. So, they hire contractors and get rid of them when they no longer need them. This saved them a ton of money. And , in my opinion, as far as losing the talent, I had been an employee for nearly 40 years and yes, I know a lot but, most things that older employees know inside and out isn't even used anymore, I think anyone with 8 years has the same knowledge base as someone who has been there for decades. The difference that I see, is in the attitude. ANd for the people still there, the workload.
“Management employees” is such a confusing term, isn’t it? Please stick with me for a moment as I simply refer to them as “office workers”. Here’s what I’m wondering:
Might of Verizon intended (from the outset) not only to decrease office workers, but also to use that same event to tip the scales of the remaining workforce to become even more contractor-heavy?
We heard that the permanent employee numbers were cut “too deep” in response to the VSP offer. Then we saw numerous teams granted authorization & funds to start backfilling with contractors. Also happening at the same time: that whole Infosys deal where numerous IT teams were mass-migrated from employee to contractor status.
You know, I guess It isn’t too controversial to say that today’s office worker population became heavier with contractors (with exceptions, of course). So I guess my real question might be more about intent? Was this outcome anticipated from the beginning and (overall) seen as a desired outcome? If so, why?
Or put another way: might they have looked at the VSP as a one-time cost in eliminating some permanent positions as well as a one-time cost (and some degree of cover) in converting other permanent positions into (mostly fresh-face) contractors?
Cutting “too deep” by design. Or am I too slow in only just now getting that?
OP, I'm not sure there is anything new to what you have been hearing. When the VSP was offered it was my understanding that after a six month waiting period some might be offered contracting positions, but I did not think people were going to be rehired other than in a contractor capacity. Are you saying that this has changed or is incorrect?
12tFBtrw-1oig Thank you 🙏 This website is silly! You have VZ HR, Living the Credo Employee Wannabes, Bitter former Employees, Union hardcore. What else could you ask for!
@12tFBtrw-1ymf, you are a silly person.
From 12tFBtrw-1oig
Board in retirement. I'll milk the vz teet for a couple more years.
No one is disputing that people are coming back as contractors. Rehiring as employees will never get past legal. There are people that the business wanted to retain from outsourcing that couldn't get past legal. The buck stops there. My question would be if you wanted out bad enough to take the VSP, why would you want to go back to that c-aphole?
In the "contract" you're speaking of, VSP employees agreed to future employment restrictions as a condition of getting paid. Obviously Verizon can waive that restriction later if they want to. There's no "contract" preventing Verizon from hiring you back if they want to.
12tFBtrw-1sbe Good Response - Happy Holidays to all V Teamers and fV Teamers!
Yes I borrowed Hans 5GHEE VZ device to post this which is why my responses are blazingly 5GHEE fast!
But I have to stand on my head in the northeast corner of the BR campus to get 5GHEE coverage.
OP 12tFBtrw-1oig - Thank you 👌Now I know who you are ! Are you posting the info via a VZ device?
Yup! And this part of the article is exactly why they are desperatley scrambling and back peddling:
- Voluntary layoffs create an exodus of talent.
The moment Verizon announced the package, the most talented people–the ones who have skills most in demand–immediately put out the word that they're available. They'll be hired quickly, so for them the severance package is a sweet bonus.
That's nice for them, but not nice for you (if you're not one of them), because companies tank when they lose a lot of talent. After all, it's the talented employees (and, emphatically, not the blowhards in top management) that have been keeping the company afloat, right?
This article is so spot on. If I was offered the VSP, I would have bailed and never looked back.
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
Happened in the past also , who cares . Take as much money as you can from this place . If they call you back and you want to , come back and take more of their money .
Yes its true. I work in finance and my co worker took the VSP in March and is now back as a contractor. The crazy thing is they are paying her more as a contractor then when she was a FT employee. No benefits, but she gets them from her spouce anyways. This place is lile a rudderless ship its so crazy.
There's a contract in place that we can never go back, but good try.
I knew leadership was on here. Look below, one just got flushed out and is crying about their presious 2.0 being bashed. Wah, wah, wah.
@1mgk, if unemployment is at historic lows, and you're as talented as you believe you are, why do you continue to troll these waters? Do you feel that if you throw the false narrative out there enough times that the world you left behind is crumbling without you, and you keep repeating the mantra that there's some need to hire you back to fill a void that only you can accomplish, that that will somehow come to be?
OP. in answer to your questions,
No,
No, and
No.
They are so behind on the 5G build it’s ridiculous. The exec in charge of it is spending time traveling around taking pictures with happy looking employees who are forced to smile for fear of retaliation.
i here verizon is laying off people so that they could hire back ones took VSP?
OP: 12tFBtrw-dys - What if there is a business case being reviewed by senior mgmt and legal to bring a group of people back? Again I asking you are you sure or would you like to check with your boss/contact and update your posting?
I'm all ears!
Yeah as a contractor you are technically not a VZ employee. A little loophole they are trying to exploit. Slimeball Verizon wants its cake and be able to eat it too. Give them the finger.
I did receive an email offering contract work to previous employees. I found it odd since I took the VSP and in the agreement says I cannot work for Verizon ever again.
Verizon lost a ton of talent in 2015 when they axed the areas and reorged. They lost many more when they threw even more money at the best and brightest they had with the VSP.
Now with the lowest unemployement rate in over 50 years, this old telco finds itself talent starved and either failing at finding new streams of revenue with huge failed flops of aquisitions like AOL, Yahoo and On Cue. To horrid jokes of new products like Go90, Verizon Connect with its signature HUM piece of junk and a flacid attempt at mobile advertising with Oath. Lets not forget wireless, its cash cow is flat at best on good quarters and retracting at worst on bad quarters. Wireline and FiOS are in decline and are outrageously expensive to maintain.
It amazes me this joke of a company has not gone bankrupt. It continues to exist in spite of its best effort to commit economic s–c-de.
So I ask you this: Is it any surprise they are trying to get back the talent that made them what they were are their peak in 2015?
I say to Verizon after burning so many good employees and customers: Eat $hit And Die.
They messed up big time by letting so many old timers go that had knowledge they now wish they had. They offered an ex coworker of mine a very high salary and he turned them down in favor of more. Like he told them....you need me...I don’t need you. Trying to get another co worker of mine back..the hiring director said... I don’t care what it takes..,get him back.
yes
12tFBtrw-dys Are you sure :0) lol