Thread regarding Verizon Communications Inc. layoffs

What was your severance?

How much did Verizon pay you to leave. Include band and years of experience.

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Post ID: @OP+1k0pj225x

11 replies (most recent on top)

@c9, I get it, the truth hurts.

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Post ID: @k0+1k0pj225x

@ev+1k0pj225x withholding and tax rate are two separate things. You weren't taxed at 30%. And standard withholding for bonuses in 22%, not 30%.

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Post ID: @fh+1k0pj225x

44 weeks pay. But the payout was in 2024, which meant 100% of the VSP was taxed at over 30% tax rate.

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Post ID: @ev+1k0pj225x

@bv, that was the easiest job back when there was no competition to speak of.
Good on you for being in the right place at the right time and needing no skillset.

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Post ID: @eg+1k0pj225x

@bv, YOU made you a millionaire, not some company. Never forget that.

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Post ID: @c8+1k0pj225x

A Lot. I was a Director in wireless. Verizon made me a millionaire. Now I work for fun at age 42.

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Post ID: @bv+1k0pj225x

Petty competitiveness, fueled by FOMO, insecurity, and envy.

You're doing life wrong.

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Post ID: @bp+1k0pj225x

NONE OF YOUR BUSINESS !!!!!!!!

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Post ID: @ba+1k0pj225x

And as for years of experience, wiki says Coldplay formed in 1997.

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Post ID: @aw+1k0pj225x

Why do you care what others got? It's a standard calculation applied to your particular numbers.

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Post ID: @ab+1k0pj225x

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