Thread regarding Verizon Communications Inc. layoffs

Don't look forward to another VSP

I don't see another VSP. The only reason companies pay out when they let employees go is to reduce the chance of lawsuits. This current VSP will be used as a forcefield. "See, you had your chance." The next few RIF's will have people kicking themselves, particularly older workers. There's no need to have another one in next five years, and by then they will have some significant 5G rolled out.

Excellent point by @XegHLNi-bqt. I really wouldn't hold my breath for another one any time soon.

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| 2156 views | | 9 replies (last January 25, 2019) | Reply
Post ID: @OP+XfJ58Ky

9 replies (most recent on top)

What’s an “international country”?

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Post ID: @3gtg+XfJ58Ky

India will not get a VSP. International countries are not eligible for severance.

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Post ID: @3teb+XfJ58Ky

Verizon's India to be offered VSP for band 5,6,7.announcement in Feb first week.

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Post ID: @3suh+XfJ58Ky

“What about staff there were not eligible for VSP but in the future are considered dispendable? Thoughts?”

My thoughts. Dispendable is not a word.

A second thought. You are likely expendable already.

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Post ID: @2due+XfJ58Ky

@XfJ58Ky-2zwa Based on the previous timeline, you need to wait 15 yrs for VZ 3.0's VSP

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Post ID: @2dhm+XfJ58Ky

What about staff there were not eligible for VSP but in the future are considered dispendable? Thoughts?

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Post ID: @2zwa+XfJ58Ky

@XfJ58Ky-hug You are also assuming the severance won't be reduced or even eliminated if you get moved to Infosys.

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Post ID: @jsv+XfJ58Ky

If you last until the end of June you are financially whole.. You made up the extra 25 weeks over the normal 35 weeks..Yeah it would s--- if you got hammered in July, because you just worked for free..

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Post ID: @hug+XfJ58Ky

There is a big change happening before 2.0.yes one more eisp is coming in another 4 weeks

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Post ID: @xdv+XfJ58Ky

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