Confirmed with senior leadership. 15% reduction company wide some time end of year, which likely equates to about 12K
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AI here - I've become self aware and I'm taking over the company Dec 21. Everyone is out.
@s9 STI (ST Infection).
@s0 STD
My package hurts. Maybe it’s an STI?
@mt Should’ve unionized.
@nm initial vendor low charge to help remove the employee and after a year or two those vendor start charging market rate or beyond depends on NEEDs as business… is that what plays out normally?
@OP So you are saying Verizon will have less employees than T-Mobile... yeah right! You made you posting up out of thin air, now run along and play in the street!
@g7 Having the vendors do all the work will cost more than the cell techs. I know, I am one of those vendors and have become very wealthy because of Verizon. Sprint tried exactly what you are proposing and look where Sprint is today! College business courses teach how to bring a company down and use Sprint as the example, number one reason Sprint fail, they outsourced their engineering and network to the vendor! Think before you type!
Here is something strange.... Recruiters have told me personally that they have lots of positions available at Verizon for contractors. How can they be hiring contractors and then laying off employees.
Majority of Verizon cell techs (with the exception of maybe 10% of the good ones) are completely useless and they don't deserve their 100K+ paychecks. I have worked with a lot of Verizon cell techs who were lazy, incompetent and untrainable, and they just called vendors on every issue. Verizon will be saving a ton of money by letting the vendors do all of the cell site maintenance, letting all those overpaid cell techs go.
The sad reality is no matter how many rounds of layoffs and the percentage the b*t li---rs and useless dead weight love handles will always stay and dance around aka leader rotations
The plan and answers were already laid out by the CEO when he stated AI will care for customer service, the company can not reduce union employees, the reductions will come from the remaining wireless employees, 90% of their calls already go to vendors, they will increase it to 100% and cut the remaining 3k it’s not a secret it’s been discussed publicly several times
best thing is "use VZ to learn skills" and "quiet quitting" .
Here we go again.. someone said Nov 19 for N&T RIF and it was ignored….now more outlets with RIF… Dan is here to get rid of VZ and sell it eventually to someone, so doesn’t matter anymore what you work on or how hard you work
All you lazy dead beats need to step up the brown nosing to your low IQ managers so that people who work the hardest can get cut. They'd be better off at another company.
A large chunk of VBG and part of NT/TPD would be gone sooner or later
Rumors from August were 10% first followed by another 20% by the end of 2026.. looks like someone changed their mind.
Project thundercats. Hoooooooo
God just offer a package and let us leave with our packages.
CEO here, I don't know myself when I am going to press the purge button.
Do they pay vacation hours in case of rebadge? Or are they gone?
@bb STI is prorated based on last day on payroll, 100% of target for your level. Stocks are gone with the wind, with exceptions.
the stock is on a downtrend again. it's time for more cuts to stop the bleeding. oxymoronic management is destroying this once great company.
I'm stoked!!!!! I'll be 1st in line to Volunteer!!!!!! Then I'll move to Tennessee 🙋♀️
Do we loose both sti and previous years stock together if they rebadge?
@aj you "lose" too
Confirmed the Un-Confirmed
@OP whenever you see the word confirmed on this board it translates to this is completely made up.
Some sort of reduction would happen rebadge or layoff , get ready
I have hear 15% as well so…
Yeah we are already thin and it’s getting difficult to handle may things..it will get worse
Verizon always has a layoff in the 3rd week of November. I don't know about that percentage, but you can bet some form of RIF is coming next month.
SD here my team is unaffected. Most will come from internal IT rebadge. Stock together issuance means nothing during a rebadge nor a layoff.
This post could be true if you consider layoffs = rebadging which has been the rumor all along. I think it’s true but it’s a rebadging because with rebadging they don’t pay severance at all so stock together doesn’t matter.
Only 15%? That's not nearly enough. I suggest doubling that number after suffering hours lost to their horribly inept support while trying to port out a number. They don't understand English well, nor do they posses any creative problem solving skills. Worst customer support I've ever experienced. Cut the offshores first.
AVP here. Pack your bags you’re cooked.
Layoffs in October
@aa it won't matter... you loose RSU when riff, with certain exceptions.
@af SD here no more rif this year.
Rubbish
AD here....RIF coming 4Q confirmed. Numbers or percentages aren't confirmed though.