Excluding the CS groups who have the "opportunity" to apply to new roles, about 1500. But you can be there will be plenty more before year end, including those CS folks who are not retained.
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It's not large. 1500-3000, somewhere in that ball park.
The sad part is that many of these jobs will be rehired at current market rates (higher) before year end but in order to make short-term blip on the Financials they'll lay people off. Like they did with the VSP
Justin literally said some told him and it "could be wrong but he ran with it". Clown. 54k is like half the company . It would be all over CNBC. That is more than Meta and both Amazon combined.
HR told me >8k
75% of the Customer Service work group (VCG)
1% reduction this go around. Next riff around end of summer. Look for another cut in or around August and then in the fall. If revenue continues drop along with marketcap. Look for some sort of merger and acquisition. Break up!
Number is going to be very high. More layoffs to come
Justin is FOS.
Well, if Justin Kratzer says it then it must be true. Here is Justin’s (actor, screenwriter , cupcake creator’s) source:
“ friend of mine that works at VZW told me the number. could be wrong but I ran with it.”
Justin Kratzer thinks it's 54K:
https://twitter.com/justin_kratzer/status/1661467690953760772?s=20
Also, one fourth of our workforce is unionized, so they are safe.
That makes about 30,000 employees safe. The remaining 90K could be let go.
Here is what our most recent 10-K report to the SEC contains:
Verizon is committed to being an employer of choice. With approximately 117,100 employees on a full-time equivalent basis as of December 31, 2022, 89% of whom are based in the U.S., we know that we need employees with diverse backgrounds, experiences and perspectives to best meet the needs of the diverse customers and communities we serve. Our human capital programs and practices are designed to create a workplace where employees are empowered to share their authentic selves and feel seen and heard as vital contributors to Verizon’s corporate purpose. In addition, Verizon has extensive on-the-job training opportunities, tuition reimbursement programs and career development support to enable our employees to maximize their potential and thrive professionally.
Our long-standing commitment to diversity and inclusion has resulted in a strong representation of women and people of color. As of December 31, 2022, Verizon's global workforce was approximately 66.5% male, 33.3% female and 0.2% unknown or undeclared, and the race/ethnicity of our U.S. workforce was 52.5% White, 20.0% Black, 12.9% Hispanic, 8.2% Asian, 0.5% American Indian/Alaskan Native, 0.3% Native Hawaiian/Pacific Islander, 2.7% two or more races, and 2.9% unknown or undeclared. Women represented 36.4% of U.S. senior leadership (vice president level and above). People of color represented 32.5% of U.S. senior leadership.