20% headcount cut
36 replies (most recent on top)
@dx VZB is out. We're a thorn in their side. Thus the 5am "all hands" with no link to submit questions. I'm packing personal belongings to make it easier.
Hope it’s us ! R2b !
When they really start to rebadge it is their way of avoiding payouts for VSP or RIFs….and the behind the scenes deals will mean they keep employees for a year and pick the ones they want and get rid of the rest . I have had one interview this past week. After ten years of this it’s time. Like others have said it’s coming. Lots of speculation as to dates but it is coming. Sinking ship
Hurry it with my team already. It's inevitable.
Nobody at Verizon or Frontier should be proud of this Verizon company. You work hard, (well most people do) they don’t care you’re on the chopping block so if you’re not prepared, you better get prepared. And by analysis the longer your “saved” the worse package is going to be. It’s happening, people. Now more than ever and you’re gonna get sc--wed.
I heard 11.52727% in the 5th quarter
I am in accounting and love the culture OS. Does Deloitte leadership also talk to their team through emojis and gather their songs for a Spotify playlist? I don’t want to lose our culture if they rebadge us.
There will be a RIF before this year is over
@e8 BS. They get off on it.
If true, this is going to turn out wonderfully.. Company gutted, run by a delusional psychopath and a bunch of McKinsey consultants. So who is the buyer?
@OP Take this for what it’s worth. You may want to hold off on any large purchases for the next few months. Pay off high interest debt. Build up your emergency fund. Update your resume. Q1 will be here before you know it. Good luck to all.
@e8 "Distant and non-responsive"? My boss exhibits those characteristics daily - even in good times. Shows you the caliber of those being promoted nowadays - and of those doing the promoting.
@bx that is great news to protest our customers from threats as we play to win! Very excited for the future of technology that delights us all - together!
The rebadge effort will cripple Verizon. Accounting going to Deloitte. At this point anyone would be lucky to be on a RIF list to get a payout.
ML can eat a bag.
@dx a specific PMO? Every org and area of the company has a PMO. Are you indicating that all PMOs will be impacted across all orgs.
If your manager is ghosting you or being distant with you. You may be on the RIF list for Q1 2027. This is a classic sign of a manager that just added you to the RIF list. Also, if you Slack your boss and they don't respond back or respond with one word answers, this is a classic sign, be prepared.
We were told soon and a bigger one Q1
Tracfone, VCG, VZBI, VZB, N&T, PMO and the group that runs Escape Room and Cyber Job Hub. If Verizon executes properly will be an annual cost save of 200 million.
@bx vulnerabilities is over rated. Asset identification and Asset ownership, but who knows what equipment GTE still has connected to the network. Verizon Vulnerability Reporting is not accurate is only reporting on Critical and High rated because the scripting using an open source library is not capable of exporting the number of rows in a timely manner. All code that is not documented. How does a multi-billion-dollar company with all those Executive leaders especially with an outgoing CISO including a Senior Director who had no idea ..
Riff and Rebadge or both.... it's coming folks.
@bc ?
15% Target within Yago’s organization. Some teams are being impacted more than others. Will be another blood bath. Names have been submitted/shared with Sr leadership ahead of the December deadline.
Some teams were told this week that there would be cuts in Q1. Numbers were not shared and no other departments were mentioned.
AI set to replace Cybersecurity employees in 2027.
AI is on target to dramatically reshape the our cybersecurity and network teams. Tasks that once required entire teams of analysts - monitoring networks, detecting threats, investigating suspicious activity, identifying vulnerabilities, and responding to security incidents - can be now done by AI systems working 24/7 with No days off.
20% is NOT even close on where Verizon needs to be. Verizon needs to shed at least 40% and Executive staff to succeed
@b7 Sounds similar to last year with some teams getting hit harder than others.
Frontier
@b4 what do you know? Certain teams?
Huge clean up coming for network engineering!
2027 - 99.99 % layoffs. Dan & Alphonso will run the show
@OP Unfortunately, this one has legs. Buckle up and good luck everyone.
I heard the rumor of 10% @Q1, %5@Q2, 15%@Q3, total 30%@2027
It seems like everyone just loves to speculate
21%
Noice!!!
No