Can anybody who has been laid off today please confirm if this is true? Severance is: 2 weeks pay for every year service (capped at 35 weeks) STI paid at 67% of target Stock Together paid on normal date in Spring 2023 All unused... — read more 

For those of you impacted by the rif, be sure to re-apply for employment at Verizon if you want to stay on. You may not get the exact job you prefer but you can possibly remain on at VZ. Do this even if your last day is 12/31/2022. I had two good... — read more 

Are we talking dozens or hundreds here?

Anyone from VZW on here?

10-15% cut in VCG last month and 10-15% in VBG/GNT/GTS this month. Meanwhile, Manon and Krista are so incompetent and useless, they're the main reason why our stock is tanking. Krista never should have been promoted and Manon can't even communicate... — read more 

Any updates on the wireline side? It seems that things are as we were told.

Now I am hearing rumors they are not done and we (VBG) may have another wave on 11/3? Anyone has more details on this? It seems unlikely?

Nothing else is affected?

I was so excited about possibly getting riffed that I went to sleep feeling like it’s Christmas Eve and I’m hoping for Baby Alive (she was my favorite doll) Now the packages have all been opened and it looks like I didn't get one. Another lump of... — read more 

What teams in VBG are impacted?

I was called at 7a this morning and let go, what a mind fu-k this is.

It was a wild ride....there are great people here that deserve to work in a less toxic environment. Good luck to my fellow RIFers....there is light and opportunity outside of Verizon.

My mgr slacked me at 8:05 and pulled the trigger. Last day is Dec 30. Thanks, Hans!

If we haven’t been notified are we safe?

I got a slack from my director and I am feeling WOOT WOOT! I grinned from ear to ear during the 7 minutes we chatted. I had been praying! I'm 56. FTMO. So if you care to find me, look to the western sky! As someone told me lately everyone deserves... — read more 

Verizon Business Group - PMOs being impacted this morning. Find another job internally or Layoff date at the end of the year. Sr management says company wide impact.

VBG- wireline associate director was let go this morning. Said here until end of Dec & 2 weeks per year of service.

Just had weekly 1 on 1 with my manager. He informed me, without me asking, that RIFs are happening today. 10% of my team affected (VBG Finance). Last day for those being let go is 12/31 but have the option to leave as soon as all work is... — read more 

The Hans impact now has extended to Blackrock, which has been downgraded by UBS because of the incoherent and partisan nature of their investments. Sound familiar?

...we will likely start hearing from 24hr organizations like Network Ops pretty shortly.

'Twas the night before RIFmas, when all through HQ Not a creature was stirring, not even Diego wannbe GQ; The severance packages were hung by the chimney with care, In hopes that HR soon would be there; The unioners were nestled all snug in their... — read more 

Just received a FedEx notice for an incoming delivery from Basking Ridge. Picked up on the 26th, expected delivery tomorrow.

I want, no I demand,k three weeks severance pay for each year worked up to and including a maximum of one years pay. So sick and so tired of getting ripped off.

I don't understand those who say they can't wait to grab the package and leave this place... I'm still worried, because considering the state of the job market, I'm not sure how if the severance pay will be enough until I manage to get a new... — read more 

Newly hired and backround etc are done but recruiter is not responding to calls or emails lol...I guess they freezing 🥶

I guess blockchain must be broken.

IS Diego next? https://www.adweek.com/brand-marketing/andrew-mckechnie-steps-down-as-verizon-chief-creative-officer/ McKechnie’s departure comes after Verizon CMO Diego Scotti has made a number of “strategic changes” on the creative front. Under... — read more 

Take a walk down memory lane. https://www.youtube.com/watch?v=2cLwWD4OhZA

It’s no wonder why Verizon is doing so poorly. Managements woke agenda is not resonating with its customers. All of the political pandering and meaningless dribble on executive conference calls was a giant red flag. Get out while you can!!!!

Given that I've been overworked and under enormous pressure for a long time, I'm trying to imagine how it would be if I survive these cuts. It sure wouldn't be nice. Although it is a big challenge to be jobless again and starting from scratch, not... — read more 

Verizon head count has gone from 220K in 2010 to 118K in 2021. The rumor is they want to get to https://www.macrotrends.net/stocks/charts/VZ/verizon/number-of-employees

2 weeks of pay for each year of service All Stock Together awards fully vest and paid out unused vacation days paid out STI paid out at a set %

Provide % likelihood of layoffs on 10/27 (in your estimate) - provide your logic and support your number

Vz earnings have been off more the past two quarters and leadership said the 4th quarter will also challenging. Reduction in headcount is the fastest way to offset the losses. I think wireline will see an impactful reduction to the 30,000... — read more 

Yep. I’ve been layoff due to realignment blah blah blah 24 yrs.

You know Verizon is not doing well (or not treating its employees well, at least) when a rumor of layoffs is no longer seen by most of us as something to fear but as an opportunity. Instead of fearing layoffs, so many of us are welcoming them. Tell... — read more 

Craig has been consistently selling 1558 shares since January. Hans actually picked up 90,000 over the summer. No way he paid $52. His strike price had to be lower. https://www.marketbeat.com/stocks/NYSE/VZ/insider-trades/