Any news on when will be the next Level up program in GNT? Which titles are going to get refreshed? Princ, Eng IV etc..
All Employees beware cuts
Verizon Wireless wants to cut heads and expenses.Management watch it if your not considered of the most important you may be CUT RIF.Associates Employees watch your back they wanna fire to get head count down however possible
Swedish rif
Good news. HR has likely notified c suite pandering to right for “favorable corp tax” on 3rd qtr up to speed will backfire and greedy corps that continue big lie will bleed subs.
Verizon (VZ) - Total debt
Verizon (VZ) - Total debt Total debt on the balance sheet as of June 2024: $172.98 B According to Verizon's latest financial reports the company's total debt is $172.98 B. A company’s total debt is the sum of all current and non-current debts. Add... — read more
Stock Soaring
Up 8% in one month, beating the 3% of DJIA - even with all signs pointing to another democratic president! So happy to still be here right now!
Vacation Pay
My unused vacation pay showed up in my bank account today. My last day was Sept. 13.
How did so many people get classified as Home Based?
After 25+ years with the company and going through the RTO, WFH, and Hybrid pushes over the last 15 years, I am amazed at the number of people at high levels that are allowed to be fully Home Based. I'm talking Directors and above in functions like... — read more
Hoping for Uncle Rico!
Joe R having his all employee GNT webcast today. Hoping we have Uncle Rico for more motivational football inspiration. Of course, Joe let some people go last week, so perhaps he can afford another former NFL great like Tony Romo.
Why can’t we review our Managers
Many big companies ask people to rate their managers. Verizon is still old school where feedback flows one way only. We have a new toxic manager and everyone on the team is not liking that person. Why our leaders are not ready to listen to the... — read more
There have been RIFs before and after VSP
Far more than 5000 people will end up being affected. Any idea for how long RIFs will continue? This has been too stressful and demoralizing for most of us.
TB12
Gotta wonder how much $$$ VZ is paying Tom Brady to be our new spokesperson while they RIF employees.
RIF
Be aware the day VZ announced RIFs that morning my desk computer was turned off to access anything. The next was that dreaded phone call to meet in a conference room.
New Insurance Cards
Have any VSP folks received their new insurance cards yet? I have yet to receive them.
EISP NY
Any updates on how many put in and were granted the EISP offer ?
RTO 5 Days per Week --- itsa comin'!
Once the VSP waves are let go this year, expect a full 5 day RTO in 2025. Plus a flatter organization. If you are a leader with 5 or less, you will no longer be a leader! waa-wah See the news at Amazon today, and that's the train heading toward VZ... — read more
Will there be another surplus declared in 2025?
Rumor went the union / company would offer an EIPP every year till end of contract Aug 2026 so hopefully we have one next year because doesn’t the company have to hire hundreds more ?
Vacation Time
Did anybody that took the VSP get their unused vacation time paid out on the 9/13 check ?
Final Paycheck - approximately 9/27 Date ?
Does anyone know if our final paycheck will be on the same scheduled payday being 9/27 or will it be earlier or possibly later ? Also will our unused vacation be on that check ? Final question, did I need to submit a timesheet for my unused vacation... — read more
GRE RIFS
Any idea if GRE/ERT/Legal/Security or VZC will be affected by any upcoming RIFS?
Why VSP?
It costs the company 50% more, drains out top talent, leaves behind chaos. Put another way, if VSP is so good, why not offer it every year?
GTS to experience RIF Sept. 29
Vivek is finding his Ba#l#L#s to execute RIFs on useless leaders that should have been done a long time ago. Most of this waist was brought in by Jay Smith. Now time to clean the house. Stay tuned. Value segment is sinking Nancy needs some competent... — read more
Time to move on
Verizon is a total mess right now. Even if you're not part of the layoffs, you'll still feel the impact through increased workloads or the constant stress hanging in the air. Do yourself a favor and start looking for something new, and then leave as... — read more
Verizon to eliminate almost 5,000 employees in nearly $2 billion cost-cutting move
https://fortune.com/2024/09/12/verizon-eliminate-5000-employees-2-billion-cost-cutting/
Cost of Buyouts and Cost Per Employee
I noticed this article: https://www.msn.com/en-us/money/companies/verizon-puts-price-tag-on-buyouts-and-says-nearly-5-000-employees-are-leaving/ar-AA1qsRje?ocid=msedgntp&pc=HCTS&cvid=e000c2bed28547529acad0f03256a7ab&ei=11 With 4,800 employees... — read more
What's the package Vz is giving? We should set this as the base for all Telecoms.
What's the package Vz is giving? Need to add healthcare plan to the package if not offered until reaching age 65 where Medicare kicks in. We should set this as the base for Telecoms like AT&T, T-mobile, Comcast, Nokia, Ericsson, Samsung, Cisco... — read more
What’s next?
Any idea what else is going to be sold off? Towers have been mentioned earlier this year??? The company added in the filing it plans to cease the use of certain property assets and exit “non-strategic portions” of some businesses. This will result... — read more
Wow, only 4,800 took the VSP? Let the RIF's begin...
Wow. Santa Hans offered you the VSP and you didn't bite. Now get ready for the heads to roll. You could have left with a big package, but now you will get what they give you. SAD!
Do we expect layoffs following VSP?
Is there a target headcount reduction number they want to meet by doing layoffs on top of VSPs?
Marketwatch article: Verizon puts price tag on buyouts and says nearly 5,000 employees are leaving
https://www.marketwatch.com/story/verizon-puts-price-tag-on-buyouts-and-says-nearly-5-000-employees-are-leaving-d29f4c15#comments_sector Verizon Communications Inc. said Thursday it expects charges of up to $1.9 billion in its third quarter in... — read more
Post VSP layoffs in GNT?
Any news on additional layoffs in GNT for 2024?
VZ Apparel
What are you all going to do with the VZ logoed apparel you'll collected over the years?
Good luck to everyone rolling off this week
Congrats and good luck to everyone with a 9/13 VSP date. My closest work friend took it and will be retiring. I know today will be very emotional for him. Others in our building who took it are feeling the emotions too.
Pension
Question to all you good folks ? Does VZ have a traditional pension . I know when I was RIF they gave me a nice settlement because I had a major number 72. Which is age plus service years. What are they offering to long term service employees ? ... — read more
My team except for one person never thanked me for the work I did past few years and all the transition meetings I did
Very disappointing to not get acknowledged by your peeers again. I set you id--ts up for success for a major project Only one person thanked me. ridiculous
Finance layoffs in Sept
It’s rumored that notices will be going out on the 26th. It will allegedly not stop there, but more will be coming by the end of the year. Can anyone confirm this is for real?
Verizon is no longer fun.
Verizon used to be exciting with new product launches to rally behind. Its not longer the case. There are no new products on the horizon, and all we do is drop our prices, reducing revenu; and look to see where we can save another penny. More work... — read more
Stock price
News on Wall street must be positive as VZ stock price has been going up this past month. Must be reduction in labor as the key factor.