Pretty sure I’m getting the can. I’d like to port my number away from Verizon while I blow my severance money traveling the world. What carrier or mvno should I port to that would be cheap to travel with while being able to keep my number so I don’t... — read more
Will Value be axed and be more like an Indirect Organization?
These Value brands used to be their own business's and pay Verizon for “access”. Nancy got moved to protect her nearly 40 year tenure. Indirect dealers have been beefing up their operational staff with old Verizon execs. Should be interesting... — read more
Concession Devices
Will employees be expected to turn in concession phones and laptops/computers/monitors, etc? They can't seriously expect 15k+ employees to return equipment. Is there a way to negotiate keeping them? What happens in the event you don't send it back?
question
if your manger has not received a list is this good or bad
The fact that there are no jobs out there makes me panic even more
I know that for sure, I’ve been trying to find something for months now.
I feel like such an id--t
I thought that the new CEO could be one of the rare good guys based on his history. I was so, so wrong.
What’s the thought on retail?
I know a restructure was said to take place and 180 store closures.. do you think we will restructure all of the territories? How do we think Sr. Directors and Directors will be impacted? Or possibly Sr. Managers and Assistant Managers?
If ya think about it......
This whole sh*ituation is down to three things: 1). Hans. He was the CEO when we saw the company going from being leader in everything to leader in nothing an losing in the market. Buck starts and stops with Hans, all the while he spent more time... — read more
Shoulda joined the union
Imagine thinking a company has your best interests at heart just to lay you off before the holidays lol. Y’all shoulda joined the union.
WSJ says 15k layoffs in the next week
https://www.wsj.com/business/telecom/verizon-to-cut-about-15-000-jobs-87280c3c?st=wEAoYL&reflink=article_copyURL_share
Managers
When they say cutting managers are these the higher ups or just management in general
what areas
Will the IT groups be targeted i this layoff
do we still get paid?
if we are the (un)fortunate, and our last day is 12/20 or 1/20 or 2/20, do we still get paid during this time? and then we get our package after? will everything be in tack as if we are still FTE?
What is the over/under
What is the over/under Of Verizon getting out of the PS business all together just shifting all focus to wireless and broadband?
Percentage
Verizon has a total of 100,000 US employees. Not all of the 100,000 are managers. So 15,000 manager jobs cut is more than 15%
SVPs missing from Q&A
Anyone notice that a few SVPs weren’t included in the Q&A today? Yolanda, Julie, Kwame? What could this mean? Do they have nothing to contribute? Some of the questions involved their groups… I would have like to see them speak.
Can band 5’s confirm? (Honor system)
I know there are plenty of trolls, but please, for the sake of the rest of the thread. Just leave the trolling for somewhere else. Have any band fives been asked to give a list or have been given a list?
Dan - what would your mother say?
“My grandfather was a union organizer in the garment district in New York City. My mother took me to a civil rights demonstration in Washington in my stroller” What a fu--ing charlatan. Everyone around this a--hole is su-king up to him to keep... — read more
Is there still a rig package?
Or just the boot?
Will Warn act be in play?
Please don't rip my head off for this post. I have read the act and the "single site/location" of 500 or more employees confuses me. Im not a damn lawyer. I'm in a state that falls under the Federal guidelines of 60 days. Any wisdom if Vz will have... — read more
Verizon to cut about 15,000 jobs as it restructures
https://www.reuters.com/business/verizon-cut-about-15000-jobs-wsj-reports-2025-11-13/
Executive pay
Our new CEO is being paid a $1.5M annual salary, with up to $50M in performance incentives. That’s equivalent to 500+ employees making $100K. It’s hard to listen to Joe Russo talk about surgical cost reductions when our CEO is being paid an annual... — read more
Layoffs looming
With layoffs looming and articles all over the news. Employee morale at its lowest but our VP , Jarrett - wants a plan to fix a metric. No one is addressing the stress and fear that our people are feeling. What a low person
15,000? Wow!
What percentage of management is that? How many managers does Verizon have total? This is just an awful kick in the pants.
I don't even care anymore
Am I the only one who only thought "okay" when reading the news? This has been dragged out for so long that I'm now numb and I don't even care anymore. If they want to get rid of me, so be it. It's not like those staying behind will be in a much... — read more
America's biggest wireless carrier cuts 15,000 jobs after price-hike gamble backfires
Love the title Pay for poor leadership decision https://www.dailymail.co.uk/yourmoney/article-15288451/amp/verizon-job-cuts-customer-losses.html
So it’s going to be bad after all
There goes the hope that we were just exaggerating, right out the window. I think my blood pressure just spiked.
RIF PROCESS
Does anyone here actually know how they got the 15K number? Was it formula based on Pay, Insurance, WFH? Was it just spread across the whole business? Was it mainly performance based? Someone here surely knows this?
Brace for impact
So 15k is the number. Which is still short of the 20%. So most likely round 2 will be after January. Those lists were already made as most people suspected. If anyone has actual details on how the layoff procedure works from prior experience, please... — read more
I guess this means the list is finally completed
Pay attention to how your manager is acting from now on. If he or she starts avoiding you or being excessively nice all of a sudden, you know what's coming.
This tells you all you need to know
Verizon shares rose about 1.7% on the news. Thousands upon thousands of people are about to lose their livelihoods, and investors are rubbing their greedy little hands together, rejoicing at the news. Really tells you something about the state of... — read more
Most corporate wireless stores no longer to exist Verizon to cut about 15,000 jobs as it restructures, source says
Wow just heard on radio not only 15,000 by next week ,but that Dan said more to come and layoffs and cost cutting will be a way of life at Verizon along with most corporate wireless stores will not exist anymore only 3rd party dealers
It's so much worse than I expected
This is going to be a fu--ing bloodbath. How is anybody supposed to focus on work with this hanging over our heads? 15k???
Verizon to cut about 15,000 jobs, source says
https://finance.yahoo.com/news/verizon-cut-15-000-jobs-160715206.html Verizon to cut about 15,000 jobs, source says: (Reuters) -Verizon (VZ) is planning to cut about 15,000 jobs, a person familiar with the matter told Reuters on Thursday. The... — read more
Article 15k jobs
https://ca.investing.com/news/stock-market-news/verizon-to-cut-15000-jobs-amid-growing-competition-pressures--wsj-93CH-4315096
CNBC / WSJ - 15k VZ layoffs happening next week.
CNBC just reported (per WSJ) that Verizon is expected to layoff 15,000 employees next week, making it its biggest layoff ever. It’s coming. Sigh.
All Employee Q&A is a joke
What a waste already. Still no concrete details because they are still trying to figure it all out.