Any idea what will happen in Dec 2020 in regards to layoffs or outsourcing or any new plans or terms to eliminate or any big changes.. Share your thoughts if you are aware
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Yes unfortunately the employment was only a 1 year guarantee.
@eyyk+14UZ34co The actual agreement only promises 1 year. The compensation is guaranteed for 2 years but not the job
@dpgu+14UZ34co. What area or dept. Are you referring to? Vz employees rebadged to Infy were guaranteed 2 years of employment, which would be December. In my area, we've lost none of our rebadged employees. In fact Infy has hired some that originally took the ESP. I would suspect that some may leave after year end, especially once the bridge payments end. I've heard of no layoffs over there on the VZ account, so curious where you e seen that.
People are moved off the project and then after being on the bench are let go. It’s basically a two months severance.
@dlvm+14UZ34co Sad but predictable. So you're talking about 60 year old rebadges? What kind of severance did the rebadges get?
Not sure about Verizon but Infosys sure is cutting people. So much for the NJ salesman who got up on a podium saying Infosys is a career and we want you. Several people have been laid off permanently without any indication why and these people weren’t even “overpriced” 60 year old rebadges.
Here we go. IBM is the bellwether and Vz plays follow the leader.
IBM (IBM) will cut an unspecified number of jobs, the first workforce reduction under new CEO Arvind Krishna, who took over from Ginni Rometty earlier this year. A person familiar with IBM's plans told the Wall Street Journal that several thousand workers are likely to be affected.
What is DC decom?
COVID has a only going to accelerate imminent changes. We are way behind on 10B savings committed by Hans to the board. Can’t use pandemic as an excuse as it’s about cost saving and not new revenue generation.
AWS migration and DC decom are in a limbo and cloud implementations were worse than what IT was handling on prem. It’s double whammy.
Before the crisis Verizon was on extreme cost save mode. I was managing a store that had half the staffing of the prior year and only one manager . They instead of hiring closed the store down right before covid 19 pandemic . They were nice enough to extend pay a few months before severance package. I think there going case by case and trying to cut staff and close stores. There not even relocating people they are definitely looking to save costs . With covid I’m not sure I think they’ll prolong any of their previous years
F@&k Verizon leadership CWA now
Whoever posted the (Just my opinion) response is pretty much, on the mark.
Thank you for your response.
Just my opinion. Due to the COVID-19 virus, they've already modified this years staffing plans to support only a few key projects with timelines that have been extended. They started implementing by cutting contractors, freezing new hires (with a few exceptions), and where legally possible moved work to existing offshore resources. I don't think you'll see any employees rebadged to a third party vendor after the IT disaster in December 2018. Also it takes allot of time, resources, and face to face meetings to plan a rebadge which is not possible given the work from home edict. After the economy opens up, they will do a RIF in late 3Q and move more work offshore to existing resources.
Dont respond to the hater on this board.
Its disruptive and divisive. It doesn't add anything constructive to this site. They create posts and respond them.