Rumor has it that Verizon has set a goal to cut its work force from 130,000 employees to 100,000. I have heard this from managers and peers. Can anyone confirm it?
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You can volunteer for a severance?!?! Where do I sign up??
@5aos+1dceRajb You can volunteer and they are offering a package. I heard 2 weeks for every year up to 35 weeks. The same package as before the last massive offering of 60 weeks almost 3 years ago.
I wish to God they would lay me off but they wont happen because they would have to pay me severance. If they make you hate it enough you quit and it saves them a fortune.
"I have heard this from managers and peers. Can anyone confirm it?" -- wouldn't hearing it from managers & peers already confirm it? Fishing for something that isn't there. It'll be back to normal size RIFs this year after skipping pandemic year.
From the above chart, I would suspect 5% or 6,610 is a reasonable expectation.
32,200 no way, it doesn't make sense.
They are going to lose more than that with everyone leaving who doesn't want to be vaccinated. They won't have to cut anyone.
Been hearing it, from 5-6 people, including managers. Only difference is I'm hearing 25000 people.
That is coming from selling off of Verizon Media. But the numbers aren't that drastic. In many departments they are way understaffed as it is and there is big concern about losing employees, like all companies are, with the "Great Resignation" going on. People have been reevaluating if it is worth having a typical 9-5 job after all that happened last year.
Fake News
Store filled with people, 1 gm 2 ast mgrs having a great time in the backroom, the chuckles and laughter are uplifting for store’s morale. So cutting a least 1 AST Mgr might help out!
Axing 30,000 employees in one year sounds completely plausible. Verlieson has done it before, they will do it again.
Not heard anything like that. When you look at the total number of employees by year, the trend doesn't support that thinking. At least not in the short term. Long term, for sure.
Number of employees by year:
2007: 235,000
2008: 223,900
2009: 222,900
2010: 194,400
2011: 193,900
2012: 183,400
2013: 176,800
2014: 177,300
2015: 177,700
2016: 160,900
2017: 155,400
2018: 144,500
2019: 135,000
2020: 132,200