Thread regarding Verizon Communications Inc. layoffs

I am one of the Directors laid off

I got my notice yesterday. wireless is going to 6 markets rather than 4 areas consisting of 5 or six regions each. Expectation is about 8000 or so layoffs enterprise wide.

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| 652 views | | 10 replies (last October 29, 2015) | Reply
Post ID: @OP+EbPlWcg

10 replies (most recent on top)

Package usually includes accrued short-term incentive for the year to all, and accrued long-term incentives for director and above.

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Post ID: @1sQW+EbPlWcg

Max package is 35 pay checks. Assuming two week pay checks.

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Post ID: @1j8I+EbPlWcg

years ago they told me they maxed severance at 12 years....anyone know if the packages are better...I got 28 ...all I want at this point is healthcare and that was going to be 18000 a year...

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Post ID: @KO9+EbPlWcg

Thanks for sharing!

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Post ID: @Z5x+EbPlWcg

thanks and good luck - which area and bu were you?

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Post ID: @mKR+EbPlWcg

Severance is still 2 weeks per year served

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Post ID: @2Ln+EbPlWcg

Good luck

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Post ID: @0L8+EbPlWcg

Thank you for sharing. Good Luck. Did they give a severance? How long do you still have in the position? Are Area Manager positions going to be affected?

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Post ID: @SCd+EbPlWcg

@Anonymous186469.....Thank You for sharing and good luck to you ..

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Post ID: @vw9+EbPlWcg

Thanks for sharing and good luck

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Post ID: @UDQ+EbPlWcg

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