They are trying to keep this under wraps for now and they seem to be doing a good job of preventing leaks because nobody else seems to be saying much about it. This came up after the conversations around "capital investment reduction" and Verizon sees this as way to continue bullish sentiment towards the company and satisfy shareholders. All I know is that 15-20% is the overall target, I haven't heard the split between wireline or wireless. Another post on here seemed to allude to those numbers but I am not privy to that info. I do know for a fact layoffs will be rolling out and that 15-20% overall reduction over the course of 2023 in force is the target. No specification on exact timing.
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Offer another VSP....and the people who want to leave, will.......instead they will pick whomever they think are the people and actually get rid of people who want to WORK and stay. Yeah, there are people who want to stay. Every year its the same thing, wondering if your gonna have a job and or if your team or position is gonna be removed because some exec who has no idea what their team is doing get to make that decision for you, yet they KEEP that person....who is not doing their part....this is what you deal with working for a large company...
They still haven't figured out the wireless/wireline merge? WTF, that was going on back when the VSP was still a thing. Embarrassing.
Have you heard any updates OP?
Leadership has spent the last 5-6 years trying to combine the wireless and wireline business units with mixed results. Now they’re abandoning the concept? As a former wireless employee and then subcontractor, that was a d-mb idea. Breaking up the band may be a good idea.
Wireline sales engineers have a base of $130k. Same for wireline sales overlays.plus commissions but vz has really reduced the wireline portfolio so sales are way down. Assoc directors have a base of $175k. This is likely why there is an plan to really scale back wireline.Wireless has lower salaries from
I am the OP - I am wireless. Unfortunately, I wasn't given an answer about whether wireless or wireline will be effected more. Another post on here gave numbers for wireless and wireline, I can't confirm those numbers. All I know is the target is a 15-20% reduction in overall force. There is a feeling that there are "too many managers" at Verizon. There is also a feeling that there are too many employees with "above-market pay," specifically tenured employees. No timing was given, either, besides that the goal is a 15-20% reduction in force "over the course of the year." Wish I had more information. If I get more, I will share it here.
RIFS are a fact of life for VZ. Typically, they happen in the 2nd month of the quarter, off the books by end of quarter.
We have too many VPs and directors, that is a given.
However, we were not stupid enough to mass hire during the pandemic, which why some larger companies are laying off people.
No is RIF
Thank you. Are you wireline or wireless? It there is timeframe? April is normally when the next round is.