Nobody know why,we can only speculate,knowing his history,I say he is Verizon's hatchet man
Future of EUS
Any word on the future of EUS Technicians? Will we be outsourced or just have 40 stores each as they reduce headcount?
Can anyone take the severance or do you need to be asked?
I was thinking of leaving and work in retail channel. Can anyone ask to leave or does it have to be offered to you?
Good read.
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
Am I alone in thinking that the company has lost its way and has no real strategy or leaders?
If I am right in my observation, then the next couple of years at the company are likely to be bleak. More layoffs continued lack of direction or focus and an abundance of low morale workers. If that is correct then the time to leave is now if you... — read more
Infosys will fire all transferred employee in one year
Infosys will fire all transferred employee in one year, no severance. Infosys and all Indian companies works on "race to bottom" principle. They will fire all local employees and will bring people from India on all sort of Visa, B1/B2/H1B and L1... — read more
Infosys offers postponed one week
Shankar email sent out this evening.
2018 Tax Cuts
Easy come easy go. Government pays for the RIF.
What date does the reorg take place?
Thinking is they release before 11/10 to give people more information.
Verizon is in Crisis
For all potential recruits, please read this: https://www.glassdoor.com/blog/should-you-apply-for-a-job-at-a-company-in-crisis/
How will the VSP blocking process work?
Does anyone know how the blocking process is going to work?
Take some time to think
I see a lot of pressure being put on people from both sides, those advocating accepting the offer and those advocating the opposite. In the end, this is a personal, life altering decision for every one of us. Use the weekend to tune everything and... — read more
How Verizon Is Trying To Bust Its Workers Union
224 corporate stores closed since 2013. I have said this over and over again on here - Verizon is slowly and quietly converting corporate stores to indirects or closing them one by one so no one notices. Article source:... — read more
Lee Hecht Harrison? Post offer assistance.
Not sure if anyone saw they are offering pre-offer decision help through Verizon. As I sit and rot at my desk I figured I’d check it out and it just seems aweful biz spin meaningless bullet points. I’m wondering if anyone had any experience with the... — read more
The reporters need to know
Please call your local reporters, they need to know. They are only reporting what Verizon mgmt is telling them. I talked with Scott Moritz from Bloomberg News and he wants to know more. Contact him Scott Moritz email smoritz6@bloomberg.net 215 617... — read more
Really, HR?
I was checking out Indeed and one of the latest reviews (from two days ago) is titled - and I kid you not - "A company that rewards employees exponentially" And one of the lines in there is "The employees are all excited to work for such a... — read more
Is Pension at risk if you stay?
The severance package offered is only 25 weeks extra which is not enough time to bridge a lot of people into the next eligibility age (ie 59.5 for 401K or 62 for Social Security). If 25 weeks gets you there this is a no brainer offer. Take it and run... — read more
Do unto others.
Never expect anyone to care more about something then you care about it. Stop reading work email after hours, stop answering calls after hours, stop work at 40 hours. Start investing more in yourself, and ignore the politics of incompetent... — read more
Will you still get unemployment
Will you still get unemployment if you accept the severance?
And We’re the Whiners?
Funny how some ignorant individuals who possessed a distinct lack of self-awareness were so quick to label craft as the party comprised of whiners, in the past. Seems to me, there’s plenty of “whino’s” who currently cannot seem to recognize a gift... — read more
Stop your b--ching about getting paid to leave!
I'm so sick and tired of hearing some of you people b--ching and complaining about how the severance offer is not good enough! You could end up with nothing! You all have some nerve complaining. Look at all the poor people that are getting screwed... — read more
May be Hans is the Layoffs Guy.
May be he will do all layoffs and move on and verizon will remove him for a new ceo next year. May be his bullet points on resume is enterprise people's manager May be he will take blame and $$ and move on I am just ranting
[Forbes] Verizon Lays Off 44,000, Transfers 2,500 More IT Jobs To Indian Outsourcer Infosys
https://www.forbes.com/sites/jeanbaptiste/2018/10/05/verizon-lays-off-44000-transfers-2500-more-it-jobs-to-indian-outsourcer-infosys
Post cards?
Did we really receive a post card from Verizon advertising the layoff as if it were advertising a special bundle price on internet and tv? “Find out if Verizon’s special offer is right for you...Offer ends October 16th...Ways to learn more...” They... — read more
This is a sh-tty package
If you apply for volunteer severance and get accepted ya don’t know if you’ll be released in dec 2018 or June 2019, so you can’t look for a job right away- don’t have a solid start date You can’t apply to Verizon again Your severance gets taxed at... — read more
Unhappy over being forced to Infosys?
Please go to this link - https://gotrebadged.wordpress.com/
Open Letter to 44,000 Verizon Employees (From Inc.com)
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html Dear Verizon Employees: By this point you've no doubt heard that Verizon will pay you three weeks salary for every year of service, if you leave the company voluntarily... — read more
How do we even know we’d survive?
Who’s to say we wouldn’t be rebadged like IT?
My individual break even date is 1/17/2020
I've done the calculations for my personal situation. I've been with the various companies that are now Verizon for 21 years. I plug that in plus 4 weeks of vacation I have accrued, add the STI bonuses, and then add in the healthcare benefit for the... — read more
How much taxes come out of the severance?
My number is pretty good. I am debating taking it. How do they tax the severance? At what rate? Ty..gl to all
This is on point - https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html
Jobless Claims - Lowest in Last 50 Years
https://finance.yahoo.com/news/bond-yields-climb-jobless-claims-fall-near-five-decade-low-124835070.html
Verizon Closing Corporate Stores
Any truth in this? Is Verizon closing stores operated by the corporate office (no 3rd party)? Please chime in... Disclaimer: I do not work for Verizon #StoreClosing
Don't be foolish!
The severance offer is amazing. Why anyone wouldn't take it is a mystery. The next offer most likely will NOT come close to this one. For those who think they are so valuable to the company, get ready to pack up your things. You're only kidding... — read more
Leave While You Are Young
Leave while you can and are young and marketable. Don't wait to get RIF'D and then you are older. Take the great offer and don't be afraid of change.
How to save $10B by end of 2021?Cutting Salary Expense
After one year of the infamous 4-year $10B saving announcement, VZ is no way close to that number. The biggest capex expense is salary, so assuming they want to save at least $3B annually next 3 year (after one time package payout)and each employee’s... — read more
How many will take it?
At first, at least judging by this board, I was certain a minimum of 90 percent will accept this offer. However, talking to coworkers and seeing some new posts, it's starting to look like it will be the other way around. What happened??? What changed... — read more
verizon new layoff package
What happens if they don't take the package
Phx Area Layoffs
PHX call center and store layoffs coming soon I overheard from HR partner
Circa 2003 Vz Buyout Offered to 74k employees
Circa 2003 Vz Buyout Offered to 74k employees, more than 12k employees took the bait and retired that is about 16%. Back then pension enhancements were involved so we can factor that in for the large number of takers even though job market was not... — read more