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Verizon to cut 15,000 jobs as new CEO restructures company
Verizonplans to convert 180 of its company-owned stores to franchises as part of its downsizing efforts. This move is included in a larger strategy that involves cutting approximately 15,000 jobs, representing about 15% of its workforce.
No more anniversary recognition check. Still get the gift, for now.
At the rate we’re going, the entire C-Suite will be former PayPal executives.
I use PayPal, can I be spared from the Riff?
Anyone else just wishing for all of this to be over? The anxiety of waiting is so detrimental to everyone's health. Office is quiet as a church mouse, I do not know if it was leaked from within or one of the disgruntled SVP's earlier this week who got terminated.
BUT I just prefer to know already... a week more of this is torture, honestly. Rip the band-aid and let people know, dude.
How Highmark of them. This morning 3 from our group (including me) were laid off in a TEAMS MEETING. Keepin' it classy, Highmark.
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746
Does Wells wait until at least the first performance review or do they layoff even before that?
For the curious former employees, what happened? Who got laid off?
Got laid off yesterday. Have been working in synopsys from last 3.6yrs. Not sure what range of severance package should expect?
No formal HR communication!
Any help regarding Irish benifits?
Does anyone know anyone who was laid off yet and can she'd light on what the severence package is this time around? 3 months plus your STI? No STI?
any information how many were laid off in PPD and when and if there’s a 2nd wave?
Are the rest of us outside of ISG about to be hit as well, or is it truly over?
Because it wasn’t always like that, I can attest to it. But when did things shift?
Hi all ,
Firstly my heart goes out to people who got laid off ,one of my colleague got laid off and we were taken aback by the whole thing (never expected that he would be the one to be impacted by it)
I joined synopsys few months ago , I'm still in probation , I scared that they might lay me off , I can't stop thinking about it, if in the worst case scenario I get laid off , is anything that I can expect in terms of severance or anything at all ? Any advice here ? I work in TPG
There is a new program across T&S call PDS. Anyone heard about it? They call themselves data leads and AI experts what is far from the truth. IDT said they will not survive 2026 but who knows.
Saw a very talented guy being laid off for cost-cutting and redundancy.
Funny part, Many of his ideas improved TU's core products and saved a ton of money for the company. I as one of his previous manager was more devastated than he was. He was moved from my project to Onetru forcibly for his talent, now laid off because of onetru/onedev's management failure.
Neustar management is firing loyal, talented full time employees in favor of contract for hires which I bet they have an under the desk deal to line their pockets.
If you got laid off, how would you handle your 401k? Are there rules that need to go about?
Has Met with Indian PM Last year and promise more jobs
Now Verizon has 8000 US jobs to Indian on top of that All The IT Jobs moved there then HCTEL 10,000 Plus given to India
Verizon Leadership Sold the employees for Kickback
Top Kickback taker : Sampath Sowmyanarayan , Shankar Arumugavelu
HAns and all the SVP
They are hungree for extra zero
If wall street investigate them and their kids and family member will find the kick back india they saved there
Even New CEO he is here for money he is getting $1.5 Million plus 250% Bonus and 17 Million stock ...for him win win employesss loser loser
https://www.lawyerly.com.au/nielsen-exec-claims-unfair-dismissal-after-husbands-axing-cant-get-job-back/
2 months after the August layoffs another massive RIF focused on flattening the org. Aravind’s org took the brunt this time.
What’s next:
IT managers being flipped to IC being discussed.
Elimination of the IT Sr Director role being discussed
Reduction of H1Bs in IT being discussed
Product Org (under Omar) RIF in December
Consumer Org (under John) RIF in December or January
Srini massive Q1 reorg to align with his vision for T-Mobile
The happy go lucky Mike Sievert days are gone. The dark clouds of working under a sr leadership team mostly picked by the board are here. Think of the Lion King when Scar took over the pride lands, that is what TMUS will be the next couple years.
In the next 6 months as the ai bubble will be in full affect
David Kim and team will be leaving to go work for Peter Adderton, the former owner of Boost Mobile. Dan is selling and exit under-performing businesses. I think we can all agree that Verizon Value is not valuable.
MINT MOBILE
Where would you chronic whiners ever find your next job if Targets did.
https://www.thelayoff.com/verizon-communications