Thread regarding Verizon Communications Inc. layoffs

Young workers who are paid a lot are paid that because they need to be to attract them from their jobs. What they are doing at Verizon instead of Facebook/Amazon/Netflix/Google apple etc or countless startups makes me wonder a bit.

People who have been in positions for decades and the alleged target don’t all have a pension and retiree benefits many were on the cusp of the shutdown many years ago. Even if they get 75% of their benefits paid they have to pay more than the public rate because the VZ cost is so high as only retirees are in the plan. Many have tiny pensions especially compared to their 401k. If they are far along enough in years they may soon be on Medicare so any cost might be short term.

Older workers are stupid and lazy. The younger ones are bright, energetic, and fresh.

Interesting statement. Yet the older one know the network and have to train the younger, energetic ones.

The frozen pension I am getting is a whole 12,000. That is going to really help seeing how it was frozen in 1998.

“5 weeks of vacation is pricey”

Who gets vacation? One of the reasons I crossed that out is although I get 4 weeks I tend to only get holidays. On vacation days other people work and that somehow means everyone has to even if they were on vacation.

There are people hired in 2017 with 155k+ base salaries who have been offered the buyout.

Most of them are in H1Bs.

..all the new 139 pound dweebs with their pre -pub facial hair beards, 1/2 a-- work ethic who get all pissy on calls and meetings when "seasoned" managers laugh at their ideas..." but wait back in my jr year we were told...." shut up please.. when we leave you can have it all..until then what bathroom do you choose to use today? VOTE JOE Biden

@VYNOVUD-tzl - We were once you. We built the company and now they want to get rid of us, sad. You will be in our shoes in another 10-15 years.. seems like this is how it revolves. And don't forget we told you so.. Good Luck

Its not how much you make today , Its not how many experience you have, Its not who you know in the past (Kick a-- folks) , Its not what age you are in today.

Its all about, Are you up to the market with technology , Are you talented, Do you have business focus, Do you drive business. Are you delivering the current needs .

Finally, You are not one of those b---s--- guys, PPT guys without delivery of product.... who pretend working all day phone/conference....and do jake sh-- for company..

Your income levels is not a reason for VRS/RIFF's. because it is costly for VZ to hire such people in market and there are many people outside the market to hire you.

tzl, go tell your parents what you think you entitled brat. Careful though, they may kick you out of the basement then how would you pay for that fancy leased car that you will never actually own.

no idea why you think there are ballooning pensions and paid healthcare. Neither exist at Vz.

@tzl older workers make for better employees who do not expect everything to be handed to them on a silver platter. It is proven that they are honest, hard working, responsible, dependable, loyal, focused, organized and mature, all positive traits valued in the workplace. And remember, if those bright energetic and fresh young employees stay long enough, they will become one of those targeted older workers.

Tenured Verizon Wireless management employees receive no pension and no retiree medical benefits, unless you call the 20k plus yearly premium a benefit. They do get the 25% off their cell phone bill. Lol. Union employees obviously fare better.

All mgmt pensions were all frozen back in 2006, had they not been frozen alot of the older Verizon pension eligible employees would have been in a better financial situation and would have probably retired early.

@VYNOVUD- tzl- I have NO doubt I and most other older employees can run circles around your bright, energetic, full of yourself a--, Funny I get questions all day long from your bright and energetic buddies of how to handle issues.

Don’t forget many of us were working and building Verizon into the great company it used to be when you were getting your participation trophies.

Good argument

Lots of fake news stuff here.

1. Managers pensions frozen a long time ago, (before I got there).

as a result, the pension will not change.

1. 5 weeks of vacation is pricey.

2. 5 - 10 year employees also offered the severance package.

Please go away troll.

Older workers are stupid and lazy. The younger ones are bright, energetic, and fresh. Why would you want to keep the ones past their prime?