Approximately 600 employees and a larger number of contractors. I don't know what groups are impacted.
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there is truth in this post
GNT - Global Network & Technology - NOC, Field. Engineering, DevOps; etc. RIF's will Continue to save costs, and increase shareholder value for investors.
Confirmed. Bobby Mudge needs as many people gone as possible before the sale is finalized.
Those who had a team meeting today must have nothing better to do than post here. Seems like that team are good candidates for the RIF on the 9th as they heard.
Must be on the same team heard the same on my team meeting today hmmm
Confirmed: there will be RIFs every year indefinitely. You have been forewarned.
we were told during our team meeting today that definite rif next week on the 9th, reorg in gnt as well
best of luck to all
Thank you all the confirmed posts, which confirmed nothing
only GN&T? Anyone hear about any GTS rifs?
GN&T will be hit for a second time this year. 11/9 RIF
Confirmed with senior leaders. GN&T will be hit with RIF on 11/9
There is less than $3 Billion in bonds due in 2024... and another $11 Billion in some private deal.
The rest isn't due until AFTER 2027 going out into the 2050's
This info is clearly available right on VZ's own website...
Mainly to help disprove more ons that post drivel like $150b due next
verizon.com/about/investors/schedule-outstanding-debt
“ …
Verizon has 150 Billion dollars of debt....with 100 Billion of those loans coming due and needing refinancing this year.
But here's the kicker....The expiring loans were at 1% ....the 2023/24 refinancing loans will be at 7-8-9 percent...Hundreds of Millions of dollars extra for each payment on the Billions that are owed.
… “
Within 1 year of Windstream announcing that they are “refinancing their senior notes”, they officially announced that the company was filing for bankruptcy.
We could end up the same way, with a $5 stock price and board members replaced with the CEOs of our largest creditors.
Confirmed!!! FAKE NEWS!!!
Verizon has 150 Billion dollars of debt....with 100 Billion of those loans coming due and needing refinancing this year.
But here's the kicker....The expiring loans were at 1% ....the 2023/24 refinancing loans will be at 7-8-9 percent...Hundreds of Millions of dollars extra for each payment on the Billions that are owed.
Now looking back at Lowel's buyout of Vodafone in a wireless market that already hit its peak and his Billions in Yahoo and AOL purchases we know where to place a lot of this blame.
Yay!! 11/9/23 Woot woot!!
I heard the team that assigns the RIFs actually all got RIF’d. They RIF’d their brains out. This is the season of RIFsgiving.
Confirmed!
I don't know where though
Confirmed!
I don't know the numbers
Confirmed!
Confirmed!
Confirmed!
100% RIF is coming next week 11/9
I wonder how many years we’d
have to add together to get to that 40k number? Probably less than most people would think even excluding the voluntary.
RIF confirmed for yesterday. Approx ~40k employees cut. Beginning of moving entire company to India.
Source: trust me bro
Keep on moving those goalposts.
It is always confirmed next week. Then when it doesn't happen it is confirmed the next week and the next and the next and so on.
Confirmed. OP eats paste.
As always, Indians have nothing to fear. Only non-Indians will be RIFd.
RIF confirmed for next week w/reorg in gnt
Former gte this round. We always get hit after the former bell peeps.
Unconfirmed: No more rounds of RIFs before End of the Century.
The June filing states it was effective for August and impacted VBG who got hit in August.
@yqo+1pnkscuY. Warn comes out after employees are informed. The previous RIF happened May 24/25 and the Warn filing shows June. ~5% in GN&T will be impacted.
11/9. Brace for impact
Show us the WARN filing then we will believe.
LOL
Confirm the Un-Confirm
Confirmed.
I don’t know when. I don’t know who. I don’t know why I swallowed the fly.
Thank you for this useful information
Lol, thanks that was helpful.
Confirmed
number of employee impacted - TBD
number of contractor impacted - TBD
number of group impacted - TBD