Thread regarding Verizon Wireless layoffs

Fear mongering on these boards

All I keep seeing is centers are closing. People are constantly saying how they know someone with inside information that centers are definitely closing. One even said they have a guy "in the know in Basking Ridge" that tech support would be laid off after the 4th of July weekend. Others are claiming that centers being renovated equals writing being on the wall.

I'm a tech Expert in a building that's being renovated. My days must be numbered right?

WRONG!

If people want to talk about the writing on the wall, then lets do it.

Fact- There's a new hire class starting on November 26 here in Rolling Meadows. A friend of mine was just offered a job for the November 26 start date. I was just selected to be a support coach for said training class. Between in class training and transition, the new hire experience will run into March.

Fact- We are now getting an extra week of vacation starting next year.

Fact- Verizon is extremely profitable in the 3rd quarter. Q4 figures to be even better.

These facts point to a company moving in a positive direction. These facts are also verifiable by anyone. I didn't pull these facts from some unnamed "inside source."

Between reading the comments on VZ Web from butt hurt union people that don't get to reap the benefits of the new vacation policy and reading the posts by fear mongering union people on here, its pretty clear that you're verifiably wrong and butthurt.

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Post ID: @11Trx40f

13 replies (most recent on top)

0% Sales growth. They’ve lost all those that made it a billion dollar company, Insider trading-They’re all bailing on the stock.

The color of your skin, religion, s-xual preference etc doesn’t mater, if you are an American you are Single out and Targeted and are either let go or run off. If you do accept the packed, start working on it ASAP because there are a ton of hopes to jump through with snail mail of packages which advice you to seek all sorts of layer advice. Get all the phone numbers you need before handing in your phone because once you’re gone the package never arrives and you’ll call all over and nobody will seem to know anything including HR. It’ll get drag out and drag out until you’ll miss the dead line,

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Post ID: @11Trx40f-5bxw

@11Trx40f-1syp new shifts start 1/12/2020, this was announced weeks ago in an email, preferencing begins this week, we will be notified a few weeks later what our shifts will be and then they begin 1/12/20. Perhaps you should check your email. It went out about a month ago.

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Post ID: @11Trx40f-4kqc

I worked at a center that was getting renovated and we still got closed...we don’t own the buildings we lease them...the renovations were by the building owners not Verizon, to attract new tenants because they knew Verizon was moving out soon.

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Post ID: @11Trx40f-2qsf

Um so if u have been here long enough then u know that layoffs don’t mean they won’t still hire...our IT peeps, HR reps and some analysts got offered vsp at the end of last year. I assumed they were cutting those positions but nope new people took their place....people with less tenure aka less pay. The company is trying to cut what 4 or 6 billion dollars by 2021? If ur training new hire classes, then u may be training ur future replacements. Why else the huge push for TRG utilization? For a monkey to do our job. New hires get paid $16/hr and I’ve been with the company long enough to make $25/hour and have 5 weeks vacation...why not replace me with cheaper labor who gets less paid time off?

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Post ID: @11Trx40f-2jay

Been hear a long time, I've seen stores remodeled and 2 months later they were converted to agents, had a friend move from a store to a call center, only to be severances 5 weeks after taking the job, because the call center was closed, not to mention I was 2 rounds into interviews with the call center for a supervisor role, and the call center closed 3 weeks after my second interview...this company will pull some shady sht to cover their azz...it's all about the bottom line, as for your extra week of vacation, they can tell you you're going to get three extra weeks , all the time knowing you won't be around to be able to use it!!!

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Post ID: @11Trx40f-2fte

If Verizon Wireless was in such bad shape, why relocate Elgin to Rolling Meadows instead of just shutting down the center when they had a chance? Northern Illinois isn’t a cheap place to operate, and yet Rolling Meadows is here (and still here) while Charleston, Huntsville, Little Rock, and Lincoln are all shuttered.

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Post ID: @11Trx40f-2vwt

Tech support was almost laid off!

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Post ID: @11Trx40f-1ytw

The fact that our shift bid was suppose to start in Oct, then Nov and now we still dont know when the new shift will start says alot.

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Post ID: @11Trx40f-1syp

@11Trx40f-1kwi: get his a–!

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Post ID: @11Trx40f-1qou

Just an FYI, even knowing that a center will close, upper management will continue to renovate, upgrade and install incentives to keep the employee happy, the culture alive, and the numbers up. That is a FACT!

I've seen a million dollar health club installed in a building we did not own, where the lease would expire in year, and a loyalty and business call center (mini/small centers mind you) were known to be shutting down.

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Post ID: @11Trx40f-1iyj
Fact- Verizon is extremely profitable in the 3rd quarter. Q4 figures to be even better.

The numbers only look good because of the reductions...these are all fake numbers. At some pointc they will no longer be able to fudge the numbers by cutting.

VZ isn't the only company like this...the entire NYSE is all pumped up by fake numbers.

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Post ID: @11Trx40f-1aqr

Want some real facts? Here they are:

Fact 1: Verizon had reduced headcount from 235,000 to 144,500 between 2007 and 2018. A loss of 90,500 jobs.

Fact 2: Verizon has a $106 BILLION in debt through 2018. Debt from dumb acquisitions including paying an over inflated, top of the market $130 billion purchase of wireless from Vadaphone in 2015.

Fact 3: Verizon has been unsuccessful in everything except telecommunications. That includes failed ventures in over the top television, media, vehicle tracking to name a few. All at a tremendous cost both financially and loss of jobs.

Fact 4: Verizon, in all its wisdom, continues to raise its dividend to shareholders. Now at $0.62 a share, their quarterly dividend obligations to shareholders is now a mind boggling $2.5 billion per quarter or $10 billion per year.

Keep drinking the Kool-Aid son, this mega corporation is nothing more than a human meat grinder and sooner or later they will chew you up and spit you out.

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Post ID: @11Trx40f-1kwi

Not a union person, but if you think any of your facts would prevent you from being laid off or from centers being closed, you are DREAMING. I've been around a long time and I have seen this company lay off people with very short tenure. This company still has a boat load of money to slash before the end of 2020 and it WILL come from it's biggest liability - the EMPLOYEES. FACT.

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Post ID: @11Trx40f-1xgc

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