Topics regarding layoffs at Verizon Communications Inc.

Topics regarding layoffs at Verizon Communications Inc.

No pension for new employees?

Is this true? New hires only get 401k? When did this happen? I haven't been with Verizon for a while, but I didn't know things have changed that much...

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| 1914 views | | 7 replies (last April 2, 2019)
Post ID: @OP+YiQc5zY

Just checked 401k

I just checked my 401K. Thursday 3/28/2019. The profit sharing has been deposited.

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| 1170 views | | 5 replies (last March 29, 2019)
Post ID: @OP+YiY8GXZ

please tell me im wrong

north east call center worker hear. i have a good job and make 70k+ a year and overall am content. but there was no new hiring in new contract. i worry that i loose more coworkers in buyouts and qutiign firings each year and when 2023 comes around... — read more 

AT&T Turner Buyout

https://seekingalpha.com/news/3446222-wsj-t-launches-buyouts-shed-turner-hbo-workers Turner employees who are at least 55 and would have 10 years' service by year-end will get four week's pay for every year of service, capped at two years' payouts

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| 1670 views | | 6 replies (last March 28, 2019)
Post ID: @OP+YhYPJaU

Are layoffs happening in any part of the company?

Nothing has happened at my location for a while now, and that situation has been too quiet, If you ask me. Are the big shifts really over or is something happening in other parts of the company that I’m not familiar with?

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| 864 views | | no replies yet
Post ID: @OP+YhXpaxf

Bye

I have been deleting names from my same time of my fellow employees that have left. Not a single one of them was dead weight. So much talent exiting. That is what happens when you do what Verizon did. I may be wrong, but this is going to bite them in... — read more 

Stock award non-direct deposit

Has anybody here who has been out long enough to drop off of direct deposit received their check via snail mail yet or spoken to payroll? Please don't answer if you just want to say what you think is going on or figure happened.

Last exit day?

When is the last exit day for those who have accepted voluntary buyout? I'm assuming the rest of us are relatively safe from any additional layoffs until then, and after that all bets are off. If I'm not mistaken, it's sometime in June, but I might... — read more 

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| 2010 views | | 8 replies (last March 28, 2019)
Post ID: @OP+Ygseqiw

2018 profit sharing monies

I left via the VSP in December. does anyone when the 2018 profit sharing will be distributed and at what % ? Thanks.

Who would've thought?

https://venturebeat.com/2019/03/22/report-verizon-5g-home-service-too-expensive-to-scale-attracts-few-users/

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| 1470 views | | 5 replies (last March 27, 2019)
Post ID: @OP+Yf1hpb3

Anyone Rif'd last September receive stock payout?

Did Anyone that was rif'd last September receive the stock payout? I know of one other person besides myself who did not receive it. I do know someone who was laid off in October who did recieve and it was direct deposited. Were checks mailed out?... — read more 

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| 793 views | | 3 replies (last March 25, 2019)
Post ID: @OP+YfTueAF

VSP 3/22

I haven't received my severance payment yet. I thought it would be deposited at the same time as last weeks paycheck. Anyone else experience this?

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| 1570 views | | 5 replies (last March 27, 2019)
Post ID: @OP+YfYsAsP

Vote Your Shares!

Please vote your shares if you were invited to do so. The Board is recommending against the protection of children and a number of initiatives that would provide oversight to the company, including asking shareholders to vote against overpaying... — read more 

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| 1220 views | | 4 replies (last March 26, 2019)
Post ID: @OP+YfX7KJp

Brutal work environment

Has anybody ever worked for a company that was worse than Verizon when it comes to politics, toxic work environment, and bosses who treat employees like dirt? I've worked for several large companies before, but not one of them was this brutal and... — read more 

What could the next restructure look like?

Anybody have any idea what are they planning to do next. I doubt that things will stay this way, it would be too simple for a leadership that puts their main focus of operating into changing the company. So, when can we expect more restructuring and... — read more 

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| 1780 views | | 3 replies (last March 25, 2019)
Post ID: @OP+YfuL2MN

5G or A History Repeat

https://money.cnn.com/magazines/fortune/fortune_archive/2004/05/31/370724/index.htm

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| 1300 views | | 5 replies (last March 26, 2019)
Post ID: @OP+YdUM1yY

3/22 VSPers

Congratulations!! Job well done. Verizon is no NYNEX or GTE.

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| 1623 views | | 2 replies (last March 23, 2019)
Post ID: @OP+YdpyrKS

Eisp offered for everyone across the board

I heard from a realiable source that the Eisp is going to be bigger than usual.It sounds Like its Gonna be a huge one .Their going to give it to Everyone .And No one gets turned Down .Huge incentives to go.Sounds like Everyones gonna want this one... — read more 

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| 3180 views | | 9 replies (last March 26, 2019)
Post ID: @OP+YcvK1EP

Goodbye and good luck to all!

Wonderful yet bittersweet farewell event with my former team and upper management last night. Just dropped my PC, iPad and company phone off at Fedex. I am done! Whether you are hanging in for Verizon 2dotzeeeroh or packing out today too, all the... — read more 

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| 2350 views | | 7 replies (last March 24, 2019)
Post ID: @OP+YcA74YJ

Awesome job

The high and mighty id--ts messed up. Driving today in NNJ my phone is cutting out ! Good job, sacrifice our Network to make the Swede happy! id--ts, but its not my problem anymore!

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| 1130 views | | 6 replies (last March 23, 2019)
Post ID: @OP+Yc9iApO

401K profit Sharing

Did anyone get their deposit today? When are we supposed to get the deposited?

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| 1780 views | | 8 replies (last March 22, 2019)
Post ID: @OP+YcfJmIg

EISP!!!

The halls are buzzing. It's happening!

This just in...

From the home office in Basking Ridge, a freeze on backfills next week prior to a 2Q RIF and the role of ED will be removed. Too many EDs, so Directors will report direct to VPs and existing EDs will be demoted and have to look for new jobs. You... — read more 

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| 5140 views | | 17 replies (last March 29, 2019)
Post ID: @OP+YbDJwlv

Eisp package on its way

So yes there has been confirmation that the company will definitely be offering an package to the rank and file workers soon .The question is wether it will be enhanced or not.But we will see who takes it .My opinion is that anyone with the time in... — read more 

My layoff worked for me just fine

I don’t get the amount of hatred towards the company to the point that folks are refusing to come back of contractors. Never again they say, but what good can produce hatred towards an non-human entity?Sure,you can hate a manager or two, but those... — read more 

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| 1340 views | | 4 replies (last March 23, 2019)
Post ID: @OP+YbZgI2O

Change for the worse

Working at Verizon has worsened exponentially in the last decade. Granted, it was never an ideal workplace, but at least it was better than what we have right now. Constant uncertainty, constant stress, frustration over office politics that affect... — read more 

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| 1190 views | | 4 replies (last March 21, 2019)
Post ID: @OP+YbQZsNs

Do you trust Verizon leadership?

How many people here actually have faith in this leadership? How many actually believe they are working in the company's and not their own best interest (and no, the two are not the same thing?)

Fios to be expanded to all copper co’s plus 40gig fios

Fiber to replace all copper in CO’s by end of 2025. 40 gig internet to be released. No future franchises for TV. 5G mobility to be focus over wasteful 5G home. Big push into smart home via devices and apps. Verizon is finally waking up.

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