Been hearing there is a meeting on the East Coast at the end of this week and that Leadership will be told of cuts and consolidations. Anyone hearing the same?
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The severance changing has been going around for years now. The company can do what they want but so far this continues to be an old rumor.
Just to clarify, in US any company can change the terms of a Severance package anytime, without notifying their employees that are NOT cover under a bargaining agreement, or have specific contracts related to such, private or collective
heard that either going to be 1 Week pay or 2 weeks pay but no medical benefits.
I checked About You today. Severance doc still out there and last updated 12/7/15. Only read as far as 2 weeks for each year. Same as before.
the company can change the severance package anytime, more likely will be 1 week per year, can't win , working for this type of company
There's so much anxiety it's unbelievable
Another reason to wait until the new year for more job cuts is because severance will be changing for 2016. If you have any doubts, go into About You and try to research the company policy for severance packages. You won't find any information. It was there last October but quietly removed last November in preparation for changes in 2016. people that were actually cut in 2015 were being looked out for. Going forward we should only be so lucky. Not happy as I have a feeling I will be cut next.
WBG is just a name change that was created, still part of VES or now formely VES. Top leaders know what they are doing. Strategic planning at its best. Transfer the weakest links over to the new group thinking they are being promoted but they very well know that they transferred these people over so that they can be weeded out or because the current boss didn't have the heart to ax them so transfer them over to another stronger group where they will be the lowest performing and boom, you are cut. May not be now but these cuts will continue every quarter. Welcome to the new Verizon where job security is a thing of the past and snakes are lying all around you without realizing it.
So were any percentages discussed during this meeting for FT staff and contractors
Why not lay the people off last wave? Why wait until after they all think they are safe? Evil
They a lost not knowing all the threads involved, its sinking and their all looking for the only life jacket (that doesn't exist)
I was on the call to, it makes no sense? I feel they are grasping at straws with 2 hands tied behind their backs and blindfolded.
Not understanding why all this recent re-org, Group creation (WBG) and shifting to now lay the same people off? Please explain.
Yes all true, I was on the call.
okay, one big cluster fuster
Yes, I have heard the same. More on the Wireless side. AD cuts, Director cuts, MAM's & AE's, changes are coming as well as layoffs. Could very well see demotions. WBG cuts are coming in leadership and support. WBG Managing account reps will be weeded out.