Thread regarding Verizon Communications Inc. layoffs

This is massive...

Largest Tech Layoffs Since November 2022:

Number of laid off employees per company:

  1. Amazon: 27,000
  2. Meta: 21,000
  3. Google: 12,000
  4. Microsoft: 10,000
  5. Salesforce 8,000
  6. Dell: 6,700
  7. Twitter: 80% of
  8. Uber: 30% of
  9. Coinbase: 25% of
  10. Robinhood 23% of
  11. Snapchat: 20% of
  12. Opendoor: 22% of
  13. Intel: 20% of
  14. Glassdoor: 15% of
  15. Zoom: 15% of

In 2023, layoffs have officially surpassed 170,000 tech workers

Since Jan 2022, we are nearing 350L tech employees laid off.

This is massive...

by Anonymous
| 3922 views | | 14 replies (last ) | Reply
Post ID: @OP+1mdFk12H
Comment! It's anonymous!

14 replies (most recent on top)

Nuh huh

by Anonymous
| | Reply
Post ID: @bysw+1mdFk12H

Actually, this is NOTHING. During the Tech Bubble burst from 2000 - 2003, there were MILLIONS laid off in technology. I was one of them with Nortel Networks at the time, the Richardson, TX campus went from 25,000 employees to a GHOST TOWN. Lucent Technologies laid off 60,000 employees in ONE DAY. Look up the history, if you are young and see. TELECOM did the majority of the layoff's.

by Anonymous
| | Reply
Post ID: @amqq+1mdFk12H

Verizon needs more brown and black and women SVP and EVPs

by Anonymous
| | Reply
Post ID: @4qud+1mdFk12H

All of these laid off Tech people will be replacing those that are RIFd at Verizon. Better talent than what Verizon currently has.

by Loser
| | Reply
Post ID: @3znk+1mdFk12H

FYI Verizon laid off all Social Media U.S. based internal employees. Allowed reps to reply. They rehired some of the worst ones and did not hire some top ranking employees. So sad.

by Anonymous
| | Reply
Post ID: @2llm+1mdFk12H

Verizon is staying under the radar with small riffs, avoids the WARN act notifications and the media attention.

by Anonymous
| | Reply
Post ID: @1ncz+1mdFk12H

What percentage of the workers laid off are American and what percentage are H1B?

If a large number those laid off were American, than the companies listed above should not be allowed to hire any H1Bs in 2023.

A recent analysis by the EPI found that the top 30 H-1B employers hired 34,000 new H-1B workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023.

So even if the companies above did lay off H1Bs, why do they get to hire/bring in new ones? What is going on?

There should be a complete freeze on all H1Bs in the US. But per USCIS, for FY 2023, they received 483,927 H-1B registrations and selected 127,600 registrations.

by Anonymous
| | Reply
Post ID: @1muv+1mdFk12H

It’s really not that massive and many of those companies have shifted jobs and hired in other divisions. That being said.. I feel bad for everyone that’s losing a job.. people are more then numbers.

by Anonymous
| | Reply
Post ID: @1kah+1mdFk12H

Fortunately Verizon is not a Tech company.

by Elon
| | Reply
Post ID: @1akl+1mdFk12H

Telecom companies are sneaky! They will never, I mean never, reveal how many employees they have laid off.

by Anonymous
| | Reply
Post ID: @eoz+1mdFk12H

Preparing for AI.

by Anonymous
| | Reply
Post ID: @lrz+1mdFk12H

Saw an article today from the former HR VP from Microsoft. He essentially says that once one of them started, they all felt the 'optics' were okay to implement their downsizing plans to reverse the over hiring/ramp up during Covid.

by Anonymous
| | Reply
Post ID: @edf+1mdFk12H

Verizon seems to be procrastinating or something

by Anonymous
| | Reply
Post ID: @gle+1mdFk12H

So what is Verizon's number so far? I haven't seen any concrete numbers for Verizon

by Anonymous
| | Reply
Post ID: @fgu+1mdFk12H

Post a reply

: