Thread regarding Verizon Communications Inc. layoffs

Constant RIFs aka normal adjustments are a bad business model and indicates a deeper problem.

Nobody lied.
These ARE just normal minor adjustments.
Rest assured... you are all minor to us.

eisp on the horizon? just curious. Thanks

Verizon flat out lied to CNET and said these were just normal minor adjustments.

Confirmed layoffs, we do not know how many have been lad off but cuts are in hundreds. Walmart had corporate IT layoffs yesterday, 200 people were laid off and it was all over the news. What about Verizon layoffs? Silence, right, as always.

do not want to see another vweb news article about mental health with stuff like today job loss is one of the top reasons for su1cide; up there with war stress
https://www.menshealth.com/health/a19533897/unemployment-su----e-risk/
i do not feel this way but others must
i hope not
verizon and other companies just play lip service offering us someone to talk to
while we pay the price for senior leaders bad decisions
leaders who still have jobs tomorrow
just the stress of constantly worrying about job security here is not good for mental health
and big v is still making a profit, just not as much
it would be different if we had confidence they were trying but they are not
saw an article just two days ago about how they are paying for some mural in a city
executives constantly posting their wealth and vacations on instagram the same week they fire thousands
i am glad i was just a year from retirement anyway

Have not heard about a single person on the diversity and inclusion teams being given a package. That's all nice for public relations but it doesn't generate a single dollar.

Not fake or trolls.
sadly lots of VCG cuts today.

fake, right?

Definitely not trolling. It's a VCG wide rif. Not sure about vbg, gnt, or corporate.

I think this thread makes no sense, maybe trolls?
Here is what's being reported, it's all over the place.

• Analytics impacted.
• Indirect account managers affected
• Retail consumer experience
• Digital team took a few losses
• 10% of Verizon Consumer Group's (VCG)
• Retail Ops GA

I wish leaders would be smarter and run a leaner ship during the good times so that we aren't being put out on the street during a recession. While I figure out how to feed my kids, I bet they'll be back on a hiring speed just a few months after our last day. It happens every damn time. They end up with more staff size months after the RIF.

Oh bother. It has been an interesting 11 years.

(Retail Ops GA)

10% of VCG got laid off

Sad day. A lot of positions are being let go. Sr. Analysts in many fields. Engineer III specialists being let go. They have 30 days to work with HR to find another placement for them. But there is going to be another wave of layoffs so I highly doubt HR will be of any help.

Is no RIF

Learning and Development cuts announced. Tech call was had. Associate Director & Director had calls with people being let go effective 9/3.

Engineering All Hands Call invite just sent out.

Digital team took a few losses

Analytics impacted.

Very sad , some teammates were let go and one was about to retire

Indirect account managers affected

Thoughts with anyone impacted. No news of any cuts on my team but Director meeting advised impacts are happening today. I went through this in Feb…hard moment for sure. Feeling pain in my gut for anyone impacted.

What’s the severance package being offered?

Ibew NJ and PA surplus list online. I didn’t see any cwa yet.

I just had a meeting and lost some teammates. It's very sad to see them leave. One of them was in the middle of a job evaluation to get a pay raise. This makes me think even more about overemployment...

Yes this is happening. Just had meeting about today's cuts. Sad day

Who is being cut? Post the position.

There are cuts being announced right now.

They started already. Retail consumer experience took a hit this morning.

I've been around long enough to know that every time we miss things as it relates to earnings, layoffs follow. I am 100% certain they are planning cuts right now.