Thread regarding Verizon Communications Inc. layoffs

Axe list priorization

Does this make sense. In this specific order... I think they are following this logic when deciding who to cut. Feel free to add or correct me.

  • HR issues, complaints, conflcts, or employees seen as "problems"
  • Low perormersperformance
  • employees hated by their manager
  • Duplicate / redundant positions
  • Teams or functions being consolidated / merged
  • Mgmt layers (cut during reorgs)
  • Managers with low direct-report counts (always a target)
  • Employees on sh-t/canceled/deprioritized projects
  • Role not aligned to corp strategy
  • Remote folks
  • High-cost areas / highly comped peeps
  • Older / highly compensated employees
  • Recent hires (especially if their teams overhired)
  • Employees w/no skills aligned with newer priority (hey AI)
  • %-based cuts applied across orgs or mgmt hierarchies
  • Some get selected because canning them through a RIF is easier than managing a performance exit
  • Remaining selections needed to meet the final number needed

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| 81 views | | 13 replies (last 3 days ago) | Reply
Post ID: @OP+1m2mr16k1

13 replies (most recent on top)

in some groups a year ago, selections by Senior Directors were 'personal' regardless of remote or in office. Some were told high salaried employees were targeted, some others were told their roles were eliminated due to 'organizational restructuring'. roles that were eliminated, were posted within 45 days indicating must be in office three days a week. Though the associate directors only had to go to the office once a month, of the same group, very few actually go to the office. Initiative-wise, not much progress made if any or at all. Technology investments are waning. AI transition is still in its 'strategy' phases. At least travel has been restricted.

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Post ID: @12y+1m2mr16k1

You BETCHA, now go get your shinebox!!!

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Post ID: @cs+1m2mr16k1

Another one - If one is on H1B - might still stay, if you're US citizen - out.

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Post ID: @bt+1m2mr16k1

I hope my manager hates me because I despise my manager. I need a severance package to escape from the misery of doing more work while others slack off.

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Post ID: @b8+1m2mr16k1

@af lighten up Francis

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Post ID: @b7+1m2mr16k1

@at This will be #1 on the list. I was the only non-indian in the group and was riffed.

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Post ID: @b5+1m2mr16k1

In the groups I've seen affected the cuts have been performance and HR type issues almost entirely. I've expressed surprise about this name or that to people in the management tree of the org and always hear something like " well lets put it this way- there are things you don't know about that person."
I've also seen situations where two people have conflicts where HR is involved and they both got cut.

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Post ID: @b1+1m2mr16k1

in my exeprience remote has not been a factor at all

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Post ID: @ax+1m2mr16k1

As Verizon is self insured on medical, one thing (which will never be acknowledged) is medical costs: medical cost to the company / employee, e.g. cancer treatment, had a baby recently, chronic conditions, etc.
I have seen this in the last layoff in november in our group. Every single one laid off, had a medical condition, some hospital days, and one had a baby just 3 months before november 19. Age: yes, but it does not matter high salary or not. They just want to shed that group... badly.

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Post ID: @aw+1m2mr16k1

@OP Sounds like me 😨

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Post ID: @av+1m2mr16k1

My Sr Dir said they never saw remote as a trigger on the lists

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Post ID: @ap+1m2mr16k1

@OP

bootlickers like you look to be safe?

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Post ID: @af+1m2mr16k1

Management loves this list! We are excited to transform lives and reward ourselves for this meaningful work with bonuses and stock. We care deeply about our fellow vteamers, fellow citizens and society at large. Let’s play to win!

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Post ID: @ab+1m2mr16k1

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