Thread regarding Verizon Communications Inc. layoffs

There are two main factors that determine what RIFs need to be made

My experience is that over the last 10 years as a group manager, there are two main factors that determine what RIFs need to be made when the mandate comes down from Director or VP level; the first is that there is an increasing preference from VP level to replace salaried 'managers' with contractors so that headcount can be directly tied to signed revenue assurance based on an implementation that will take x months, so the contractor is contracted for those x months, and if performance is adequate they can then be signed on for a new contract for another newly sold revenue stream. This also avoids having to pay for holiday pay, sick pay, salary increases, retirement benefits(401K) etc. The other factor is that a group manager will simply get a raw overall payroll number that they need to RIF to. You could either let 1 tenured employee go to hit that requirement, or you can let go of multiple headcount from less tenured folks in the department. Generally more warm bodies are better to spread out the load, even if the expertise and quality of work doesn't match up. It's just a numbers game.

Bumped from @4gtf+1hpgy4Mo for info

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| 2171 views | | 6 replies (last July 1, 2022) | Reply
Post ID: @OP+1huY9vcf

6 replies (most recent on top)

Based on my experience in IT, RIFs happened for a few reasons:

  • Next years budget has been reduced.
  • There is a capital crunch.
  • The company performance is in the tank.
  • Reduce the cost of IT.
  • Hans views IT as a commodity that can be purchased for the lowest possible cost.

As a manager, when told to RIF x heads, I would look at what work is getting cut or moved offshore, who are the best people to complete the remaining work in hand and in the future. At the end of the day, I'm judged based on the work my team delivers.

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Post ID: @1jez+1huY9vcf

Being rif'd was best thing to happen. Pay is so much better outside of Verizon. Dont sweat it.

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Post ID: @1yla+1huY9vcf

there’s a lot of higher ups who prefer their management team be seen but not heard. and a lot of managers that go along with that philosophy, which is why nothing ever bubbles up to the top with the real issues occurring. Speak too much or challenge an opinion/ task and you’re in the express lane to the RIF list. Maybe not all departments operate in this way, but too many do.

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Post ID: @1ztw+1huY9vcf

Ivan Seidenberg was an excellent CEO.

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Post ID: @sgc+1huY9vcf

Stop with racist comments against white men and Stop vilifying people. Sampath will be the next CEO and he is Indian. Hans will be gone by end of 2023 with his $100m payout , with the stock below $50 and still waiting for the 5g rollout.

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Post ID: @zkf+1huY9vcf

Nope, numbers are numbers. If two blue people's salaries equal $125K and 1 green person's salary equals $125K I'm getting rid of the green and keeping 2 blue headcount. That's it.

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Post ID: @qru+1huY9vcf

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