Thread regarding Verizon Communications Inc. layoffs

I wonder...

1. Who is going through these posts and comments and "downvoting" them?
2. Does anyone have knowledge that the deal included money from Verizon to HCL for the purpose of paying out severance?

I can't find any details of the deal anywhere. Seems like there would be SOME of it filed to SEC or someone.

Verizon rebadged. Train your replacements completely incorrect. There is no future for you at HCL. Verizon sc--wed you, HCL will sc--w you too.

Sell your Verizon stock and watch customers leave due to poor customer service. Karma is deserved by those Berizon/ HCL execs who sold you out. U owe them nothing. Call it a blue flu.

Former State Farm employee here who was "rebadged" to HCL.

HCL will tell you how they care about their people and want to keep you, but they really don't.

Now that we are coming up on a year after the transition, they are removing a huge amount of the rebadged employees from the account and replacing them with cheap offshore labor. I'm in a meeting right now where they are dancing around the fact that they will be doing this every year.

Basically. . . HCL just made us work for a year to get the severance we could have gotten from State Farm.

If you get an HCL offer, I suggest you immediately start working on your resume.

Besides. . . HCL is a total cluster.

Feel bad for you. This was just done to ~1100 “good neighbors”. Take it or leave it. No severance unless management.

Part of the 2.1 billion is to pay our salaries and then our severance once their offshore employees learn our jobs. We will be on the unemployment line within a year.

No severance. Have us in a headlock. We either take the position or we are SOL

A huge chunk of people going are already offshore. They aren't making 70k a year or anything close to it. So that's gonna change the math a good bit. Not saying they won't dump people in 12-36 months(probably later than 24 to keep from paying out a severance as HCL has no definied severance policy).

legand was there would have been no choice for infoshyte except the vsp overlap and lots of complaints.

The US VZ Indian execs are making a fortune in kickbacks on this new deal (kickbacks rom Indian government and HCL). India is the most corrupt country in the world to do business with. They are also rac1$t (caste system) and s-x1$t (arranged marriages are still the norm). Hopefully karma shows up soon.

Xerox is a good example, I know someone who was affected by that. He told me that he had to start billing his hours and got benched (no projects) and eventually layed off. If you look at linkedin, note the only people super excited are the HCL Indian employees. They are just salivating to take over eventually.

@1upz+1o8Vo3YQ I agree with you. I just don't see how this will be profitable over six years if they do not replace much of the head count (estimated at 5k to 7k people) with cheaper resources overseas. For those that go and those that remain, this is really a big blow to team and unity. Meh, too bad...

If you want an idea what will happen after you move to HCL I suggest you take a looks at comments on when Xerox outsourced to HCL…
kept on the books for a while then dumped ASAP

Speaking from experience my advice is to see that level they map you to as an HCL employee. Infosys arbitrarily moved people over to manager level bands that were not managers and only looked at salary. Those people didn’t stand a chance long term. If you’re not a manager you have to come in under the radar.

I am certain HCL has no intention of retaining any transferred v teamers in the long term. They will be kept to train their offshore replacements and then let go. If I were affected by this, I’d already be in full-on job search mode.

HCL and Infosys don’t give annual raises and when they do it’s extremely small at that. If you’re being rebadged consider that salary to stick for quite some time

The deal was 2.1billion for 6 years (publicly published). If you do the math, thats 350million each year. Say there are 5K employee impacted, that is only an average of 70k annual salary per head.

I don’t understand how would HCL get their profit out of this deal. 70k will only be the salary cost. It doesn’t even cover the health and retirement plan benefits cost. And that doesn’t cover the annual raise as well. I’m guessing they would later layoff people after the 24 month period to avoid the VZ similar severance benefits. Or something is coming up to recover those costs to turn it to profit. :(

@acn+1o8Vo3YQ - several thousand employees were told last week they were being "rebadged" - no package, no offer, no severance. In November they'll no longer work for Verizon, they'll work for HCLTech. Supposedly same salary, same vacation, same benefits. IF they get let go within 2 years they'll receive the same severance was Vz has been giving.

@acn+1o8Vo3YQ of course. Eventually they will outsource everything that is not "boots on the ground" or executive level, if they can.

I doubt there will be a package about 5 or 6 years ago VZ had a facility at DFW airport. 600 VZ employees were “mapped” over to IBM who leased the space back at the facility. No choices given. 13 months later IBM shut it down and all mapped over employees were released

5-6k of employees

So how many VZ employees are impacted. I have heard nothing about this internally of course. I’m so curious if this is what we eventually intend to do with our remaining employees.

no choice