Thread regarding Verizon Communications Inc. layoffs

STI & Benefits

I’m “assuming” for those who get cut, they’ll work until 12/31 and will get 2wks pay for every yr worked, healthcare coverage for same period and STI / stock vesting paid out?


by
| 2301 views | | 9 replies (last November 11) | Reply
Post ID: @OP+1k9qxm8rz

9 replies (most recent on top)

Off the book on Dec 20 with 75% of your STI. You can find the sti info in the employee website

by
| | Reply
Post ID: @ak+1k9qxm8rz

35 weeks cap or more?

by
| | Reply
Post ID: @a9+1k9qxm8rz

@a2 what group?

by
| | Reply
Post ID: @a7+1k9qxm8rz

90 day notification in NJ

by
| | Reply
Post ID: @a6+1k9qxm8rz

@a2 50%??? Damn

by
| | Reply
Post ID: @a5+1k9qxm8rz

@a3 Only 75% if we work until end of Dec? That’s messed up.

by
| | Reply
Post ID: @a4+1k9qxm8rz

STI paid out at 75%.
For vesting- only current year vests. You lose the other years.

by
| | Reply
Post ID: @a3+1k9qxm8rz

Off books 12/20...and no confirmation as of yet but looks to be standard severance package... SD told me today 50% of my team, so I suspect I am done as well

by
| | Reply
Post ID: @a2+1k9qxm8rz

@OP I would assume u would get the usual RIF meal but who really knows. You think you might be impacted? Everyone paranoid over here.

by
| | Reply
Post ID: @a1+1k9qxm8rz

Post a reply

: