When's the last time we had major layoffs? Not the inconsequential small cuts of two or three people but proper layoffs that affected more than one group? And no, voluntary buyouts do not count. I think the frequency of layoffs has been blown out of proportion. Are there layoffs? Yes. Are layoffs any more frequent than at other companies? No.
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Verizon has cleaned almost 100k jobs in the last twelve years.
https://www.statista.com/statistics/257304/number-of-employees-at-verizon/
Are you special? We’ve laid off hundreds of retail workers by moving their stores to indirect since Covid. We laid off district managers and directors, as well as general managers... several per director which equates to several hundred employees.
We just laid off field CBOs, a portion of architects in B2B, as well as a chunk of the COE/BGCO. We do enough lay offs to reduce head count but not enough to show up in national news outlets. 3-4 heads per director doesn’t sound terrifying in one position until you realize there’s 25 directors country wide. They then do two or three other positions along with it.
I’m February two ops people, three general managers, two district managers and a director were laid off in the North East. That happened country wide per area. It’s not isolated “several positions” it’s hundreds of employees.
Hans made the decision to rebadge IT employees to Infosys.
I second the idea that most are hoping that there will be a new Voluntary Separation Package. Sadly, for many, the current environment is one of 'hang on to your employees'.
Might be different in a year or two, but nothing likely in the near term.
Most people are hoping for one. Severance was looking extremely likely for a bit.
None since Hans took over. The trouble was Lowell "Don Knotts" McAdams all along.