I hate to say it but this site and the rumors have been pretty on point. People have been laid off pretty close to when this site says it will happen. I never would have imagined that this company would really lay off 44k people. This is ridiculous!!... — read more 

Im just curious if anyone else in Rf engineering is looking to leave? I have not put my name in just yet but I have heard rumors of us potentially being outsourced. I cant get anything out of my boss

if you read the latest earning report, they are already savings close to the 2+ b a yr with zero based budgeting, so adding in a few heads cuts it will make the numbers. You cant announce a great quarter and 32b revenue and then go ahead and get rid... — read more 

Looks like most of the people I've talked to simply don't feel like looking for a new job with only two or three years left before retirement (which I believe is a major risk, and they could end up being laid off anyhow with significantly lower... — read more 

I was contacted by a Verizon recruiter. Are these fake job postings?

The layoffs and transfers will impact more than 30% of Verizon's 153,100-employee workforce https://www.forbes.com/sites/jeanbaptiste/2018/10/05/verizon-lays-off-44000-transfers-2500-more-it-jobs-to-indian-outsourcer-infosys/#7eec640246f5

For those that want to stay, is anyone concerned about the possibility of being RIF’d with no severance package since they opted not to take the package?

Normally, when companies chop 33% of their workforce, they are usually falling apart. You would expect this from companies like bed bath and beyond, macys etc... all of which are getting destroyed by amazon. Verizon is in fairly good shape, good cash... — read more 

All the union trolls want to say the company is a sinking ship. Cash flow is healthy (better than it has been for a long time). The company beat earnings estimates which caused the stock to surge to an 18 year high. Old with old ideas and higher paid... — read more 

On November 5-6 there will be a meeting with 230+- of our fearless leader executives at the Ridge. Was told that 6700 +- already checked yes, thats not nearly enough for what they are after. The 10 billion figure is real, and further more, 3-4... — read more 

Does anyone have the call in number for the investors call this morning at 8:30 est?

Considering the lengths Verizon is going to to get rid of a quarter of its employees, why in the world are there so many open positions right this moment at Verizon? Just check LinkedIn and Glassdoor, not to mention other sites. What is the point of... — read more 

So is VZ looking to shed 30% of the total workforce, or 30% of the 44k offered the VSP? I saw a comment that they want 30% of the 44k to take the offer. That won't get anywhere near the $10B savings goal.

There is no way Infosys can maintain SLA's. Already having very skeleton staff onshore and with more jobs being outsourced, the people who are onshore spend more time on conference calls/ chats (explaining every minute why progress was not made from... — read more 

i just read, didn't see it earlier. You will be dropped from life insurance (unless retirement eligible). This i am assuming will probably deter the older workers, as tryng to get life insurance outside is a PIA. i am assuming most have some sort of... — read more 

Waiting game is killing me if I haven’t found out yet does that mean we didn’t get it? What’s the deal? Will it me an email or mailed out for the decision?

Does anyone believe that VES will not be sold after the dust settles?

Any fellow wireline employees hear any information on when we’ll hear if we were accepted? I’m reading though the offer and the FAQ’s state our last day of work would be 10-27 and terminated as of 10-28. Is that accurate?

For those undecided, did weekend help any? I'm personally leaning more and more toward taking the offer.

what to expect when working in Indian It services company - bad working conditions, forced to train freshers, forced rotation into non core technologies, forced movement into managerial roles with meaning less calls and meeting and ultimately... — read more 

I wonder what kind of audits against SLAs that Vz will impose on InfoSys. This agreement may be an epic fail too. https://statescoop.com/after-bait-and-switch-nevada-dmv-cancels-78-million-it-contract

Anyone who signs up to leave will be accepted. The company will move 'off the book' dates out to next year and at the same time begin to move departments and functions to outsourcing groups as well as combining functions and tasks. The company wants... — read more 

These are rumors that I'm hearing buzzing around from discussion with higher level employees. I'm hearing of potential upcoming layoffs for lower level finance employees in the Q4 2019 - Q2 2020 timeframe? The things that are circulating so far is... — read more 

Honest question, not a verizon employee, but have been following this thread for a few weeks. First, i'm real sorry for those going through this and hope you all bounce back quickly. Second, what if 5G fails? There is no guarantee it will surpass... — read more 

For those that are getting benefited with taking severance compared to Infosys offer, why can't they compensate the same for moving to Infosys with increased signon bonus. Those people that are leaving need a job and Infosys needs the knowledge to... — read more 

It is just said to see all these lay-off waves (3 in 4 years) in order to reduce expenses while high level executives schedule their meetings with local markets around the NFL schedule so they can attend the football games. Even if they pay their own... — read more 

Any chance we'll get job security back once this whole buyout and layoff that is sure to follow thing is over? Is there really an actual number Verizon is aiming for or will it just keep moving down and down and down again? There has to be a point at... — read more 

It’s clearly the calm before the storm and would be helpful to at least have some indication of when a high level view will be announced.

almost 1/2 have put in for the package

https://www.bing.com/videos/search?q=hans+vestberg&&view=detail&mid=B0177E73755E43477A78B0177E73755E43477A78&&FORM=VRDGAR

Your mistake was your belief in some kind of unspoken agreement or pact with the company. The company has never cared about anyone and never will. A corporation is amoral by definition. Even the board of directors and the CEO himself don't take... — read more 

No teleconferencing. If anyone attends please post highlights here

In case more people than they expect accept the offer - and this has happened before from what I understand - what will be the deciding factor in who will actually be approved and who will be denied? I'd hate to make the decision to leave and get... — read more 

... those who are leaving? they are worried for their own jobs and want to make sure enough leave so the RIF doesn't terminate them.

Same here, back and forth, back and forth. I keep hearing that Clash song in my head - "should I stay or should I go?" In my early 50's, 18 yrs in. Leaning toward clicking the button. And, we have a week to rescind that - if you want. I just think... — read more 

Really leaning towards NO. This is just a RIF with a little more money. Those that are jumping are near retirement (58+ and no need to work anymore), are IT who don't want to go to InfoSys and the rest are just reacting in fear that the company is... — read more 

For us rolling the dice, what can we expect in the upcoming weeks? Can the company force me to relocate? Who is paying for relocation? I doubt the company would consider paying anyone to move . What if I am not willing to relocate? Will I be offered... — read more