Thread regarding Verizon Communications Inc. layoffs

This is salary discrimination

There will always be more RIFs. They've been going on for years. This was a financial move on the company's part, but yes, they will back fill some positions. The VSP was not targeted enough to prevent the need for back fills. This isn't age discrimination, it's salary discrimination, which is a byproduct of an aging workforce. They will hire new people below market rate. This will give the newbie's room for growth and opportunities for promotions, neither of which I've seen for a long, long time. In due time these people will be in the same position we tenured people now find ourselves. I wish them well. This is the company's "reset" button. While I would have stayed a few more years given the opportunity, I think I'm ready to rest. As a stockholder, I do hope the company continues to do well.

Bumped from @W8aqR6R-ticc, well said.

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| 2219 views | | 7 replies (last December 16, 2018) | Reply
Post ID: @OP+WCKnCVp

7 replies (most recent on top)

@1srp - Keeping my eyes open to other opportunities. No hurry.

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Post ID: @2dtq+WCKnCVp

@1deb You are correct. And if YOU believe YOU are valuable, then you should take your talent elsewhere.

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Post ID: @1srp+WCKnCVp

Denied and no raise. Why should they since they have all the cards. My recourse is to leave or maybe threaten to not do my best. Which is of course against my nature and why I'm valuable in the first place.

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Post ID: @1deb+WCKnCVp

Across the country. And they are not giving people "substantial" raises. The market drives the rates for specific job functions. Maybe with promotions, but even then without some serious HR intervention you can't go beyond 10%.

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Post ID: @dtv+WCKnCVp

Odd that they are giving substantial raises to people who were denied though.

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Post ID: @vtp+WCKnCVp

I appreciate the remarks. Were the buyouts regional specific or was it mostly aimed at Mgt across the country?

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Post ID: @ulu+WCKnCVp

Well said. I agree.

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Post ID: @qmp+WCKnCVp

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