Topics regarding layoffs at Verizon Communications Inc.

Topics regarding layoffs at Verizon Communications Inc.

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 

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| 1913 views | | 2 replies (last October 4, 2018)
Post ID: @OP+Vtn4cvZ

Don't let your pride get in the way...

What aren't people understanding? If you/your job were so valuable and essential to VZW you wouldn't have been part of the Offer, YOU will not be "safe" after all the volunteers leave, you will be left with a RIF at 2 weeks for every year. All... — read more 

44,000 Got The Offer...Wow

https://www.wsj.com/articles/verizons-severance-offer-goes-to-about-44-000-employees-1538587179

Here is a thought

Was talking to colleagues about this and make some sense. I am sure there is a number and list of ppl they want off the books for sure of course others they probably don't. Why not get management together per team and discuss who is on the list and... — read more 

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| 3320 views | | 9 replies (last October 4, 2018)
Post ID: @OP+Vs2n4QK

Thanks Hans

https://www.extremetech.com/internet/278029-verizon-launches-5g-network-that-isnt-real-5g

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| 1570 views | | 7 replies (last October 4, 2018)
Post ID: @OP+VsbG3s9

Verizon Looks to Cut $10 Billion in Costs by 2021

https://www.foxbusiness.com/features/verizon-looks-to-cut-10-billion-in-costs-by-2021 Verizon Communications Inc. is planning to cut $10 billion in spending from its operations over the next four years, the company's CEO told investors on Thursday... — read more 

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| 3160 views | | 9 replies (last October 4, 2018)
Post ID: @OP+Vsbdo9b

B2B Sales

Curious as to what RIF’s if any, will impact WBG? A lot of sales people want out...

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| 980 views | | 3 replies (last October 4, 2018)
Post ID: @OP+VsEuZ7o

Any i the only one this is making sick?

40 or so more days to go back and forth between two possibly horrible options and then 7 more days to second guess yourself before you get to wait a month to find out if they’ll even let you go.

Rebadging is rampant

@VrgM7Ov or https://www.thelayoff.com/t/VrgM7Ov This is for Voya Financial, a 10 billion company... They shipped their IT dpt to India and some got rebadged just as we did it... Now you can see what's happening to the American worker, and nobody... — read more 

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| 2150 views | | 8 replies (last October 2, 2018)
Post ID: @OP+Vr9ZbNZ

Copied from wireless post

What does the future look like for call center workers? Don't see much on these boards about the reps in the call centers. I know the push is HBA. But will reps taking calls on the wireless side get a severance offer?

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| 1420 views | | 7 replies (last October 5, 2018)
Post ID: @OP+VrDKBaB

Opt In Time is here

After 10 years at Verizon.. I'm gonna sign up for it. Every 6 months it's RIF RIF RIF lol. At least with this one you get a better severance package than the normal one. And.. if not enough volunteers.. will be involuntary rif... and less money. And... — read more 

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| 2820 views | | 6 replies (last October 3, 2018)
Post ID: @OP+VrIC1gR

This is why there will be no packages for retail

Stop expecting “buyouts” or “packages” from retail. You ever see a special package for Best Buy employees? No? The reason is they have no value and can be easily replaced. This is the same thing with you. This might not be what most of you want to... — read more 

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| 1320 views | | 4 replies (last October 3, 2018)
Post ID: @OP+VrsUidL

Why the big secret?

Why can’t we be informed of the company’s future/ direction so we can make better, more informed, decisions?

People here work only to retire!

One thing has become extremely clear. People here at VZ work only to retire. This is like a government organization. Work for donkey years, no motivation to do anything and then just retire, after a comfortable life. No wonder there is no engineering... — read more 

Retiree Health Care

I qualify for retiree benefits from Verizon if I accept the voluntary severance package. The severance seems exceptionally generous, and friends from across the board have encouraged me to take it. I even asked a friend who works in HR for an IT... — read more 

Nothing going on in retail!

Stop asking the same question over and over again. Nothing is happening and nothing will happen with retail today. It's just a Monday like any other regular Monday.

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| 750 views | | 2 replies (last October 2, 2018)
Post ID: @OP+Vq5lvQn

Outsourcing

With the outsourcing of IT; when should the remaining call centers expect to be outsourced? Will they be offered buyouts or severance?

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| 1062 views | | 2 replies (last October 1, 2018)
Post ID: @OP+VqcqU06

This offer is as good as it gets

Unfortunately VZ has already determined the number of employees with enough years to qualify/come close to retirement (12k -20K employees) "I don't remember the number exactly" - if they don't get the number of employees that they have in mind those... — read more 

More offers going out today?

What are the chances this is true? We will see more offers today, specifically in retail? Nothing would make me happier, to be honest, but I'm not sure why they would hold back with those offers. It sounds much more likely that nothing will happen... — read more 

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| 1760 views | | 9 replies (last October 1, 2018)
Post ID: @OP+VqpvvRW

Personal calculation 52 weeks or more?

For those who will have over a year's pay on your calculation, do you see it showing as you would receive 2 STIs on your payout? On the left side it shows base pay + sti target = total target comp. Then in the middle of the page it says separation... — read more 

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| 2080 views | | 4 replies (last October 1, 2018)
Post ID: @OP+Vq809hV

Some People Still Aren't Getting It.

Hans was brought to Verizon to slaughter. Ericsson had more employees than Verizon has now. Hans cut them in half. One Ericsson yard in the Dallas area had sixty trucks and techs. After the slaughter five techs were left. Work didn't get done -- Hans... — read more 

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| 5220 views | | 11 replies (last October 7, 2018)
Post ID: @OP+VpejZfM

Why all the cuts? They have to pay for "5G" somehow.

With the rollout of "5G," they need some way to pay for that ish. Here in Sacramento, we're offering free equipment (worth at least 1k), free installation (another couple hundred in labor, as the equipment requires a pro-install), and "up to a 1Gb... — read more 

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| 1330 views | | 2 replies (last October 1, 2018)
Post ID: @OP+Vpgwr2X

Check your emails people

Just got an email saying that some rolling changes would go into effect Oct 1st 2018 for retail and details would be provided Monday.

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| 2343 views | | 4 replies (last October 1, 2018)
Post ID: @OP+VpGC2ub

Rebadged employeed from Verizon to Infosys

will the rebadged employees get a trial period even if they have accepted Infosys offer just in case we don't like infosys after moving there. If yes can people leave Infosys immediately ?

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| 1820 views | | 4 replies (last October 1, 2018)
Post ID: @OP+VpKMxvb

Questions for Infosys Rebadged employees

Please use this thread to exchange information. Unfortunately there is no other avenue available to us Some questions I have What are the nearest Infosys locations from Piscataway, NJ Baskin Ridge, NJ Do anyone know the medical benefits of Infosys — read more 

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| 1391 views | | 2 replies (last October 1, 2018)
Post ID: @OP+VpFM3vW

Vz not a sinking ship.

Everyone keep saying get out Vz is a sinking ship. Well with these numbers I just can't see how. I know we have allot of debt, but usually sinking ships don't report numbers like this. Just my thoughts and part of the decision to stay for go. If... — read more 

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| 2920 views | | 11 replies (last October 1, 2018)
Post ID: @OP+VorzuMJ

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