Anyone heard anything?
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Hard to believe any leader would be that open given the level of confidentiality required. And severance has not changed in years, despite the recurring discussions.
VGS will continue to see reductions coupled with offshoring - Ireland was the latest, and won't be the last. GNT just outsourced part of their business, and they probably are not done. GTS outsourced Fios in 2019, and continues rely on contractors.
@4qvg+1rhxeU4S I was not aware that a RIF last June had an enhanced severance package. I thought that only applied to the 2018 VSP/
Severance packages have not changed and can be found on the eweb. Standard package is 2 weeks per year of service capped at 35 weeks (Band 6 and below). Plus unused vacation, unused personal days (state dependent) and prorated STI (if elig). Your current medical is paid for the length of your severance and you are provided with career transition services. Any stock together awards you have immediately vest and are paid. If you are retirement and pension eligible, you'd also want to contact benefits for a pension or lump sum calculation.
Being let go is hard, especially if you've been here a long time, but the company does provide a decent severance package compared to some companies. I know, I've been there. I check in here from time to time and it seems like the pace of layoffs and outsourcing has really accelerated in the last few years. I'm glad I don't have to worry about it anymore.
Our group’s head boss in Tulsa had a kickoff last week and told us that layoff conversations are being discussed now for June in VGS. Rank and stack is happening at all levels to identify individuals. We were told the RIF package will be less than last June’s. Corporate Security and IT are involved for remote workers to identify people that aren’t active for at least 6 hours a day along with people not reporting to their assigned offices with badge swipes. They also said that those not coming in will be identified and start getting emails of concern in the coming weeks. The June RiF will impact between 7%-10% of VGS and there will be an IT stoppage of some major projects. This was all done as a safe space talk but didn’t make my team feel like we would be around after June!!!!
Fake news, talked to couple VBG folks, they are not aware of it
What team? No one can figure out which teams on VBG got hit
It is true. I got laid off yesterday 2/29. VBG
Su-k Co-k for BlackRock
@2qgn+1rhxeU4S - What dept in VBG?
RIFs did happened. Got the unplanned calendar invite but it was a mass invite so we all know at this point. We were told we were not impacted. Our OPs team were not impacted but others were and support teams
I was laid off today (2/29) and I was on the VBG side
RIFs did happen and are happening today. I just left a meeting for those who were not impacted in a part of VCG.
So far all I’ve heard of is VBG
For those who have received calls, what departments are being impacted or what departments are being told they are not impacted. We haven’t heard anything (VCG Ops)
No layoffs today. Liars.
Whoever thought this wasn’t happening is wrong. I just got a call stating it is happening but I am not directly or indirectly impacted, thankfully.
Sorry to any who are! :(
Its real. Just got the call.
Today is the day. Good luck to all. My swipe card worked this morning so I'm over the first hurdle.
It's Verizon, it's what they do. They have no growth strategy. Just cut. If you're offered package, smile, take it and dance out the door.
Goodbye useless techs in NYC. 1/3 on disability, 1/3 on suspension, and the last 1/3 get by because they aren’t as bad as the other 2/3’s.
Yep, big one coming tomorrow. CS, Sales, Product, anything to cut to to the bone.
Give it to the clowns at HCL. Whoever the clown is that said it's rumors, hope your on it...
Maybe it will be the 63k employee whos personal info was hacked back in September/December 2023
I am dead weight , please give an offer . If not , I will keep su-king on the VZ teet
no layoff ,all rumors
I think they've got my number. I never gave much thought to vetting a hiring manager or investigating who my stakeholders would be because my main goal was always to get the promotion. I ended up in a bad situation with a bad manager and went from being on the fast track to enemy number one. It's just such a sad end... turning a great employee into someone that h*tes work.
I have a massive package.
I heard there’s a massive package for techs. Good to get rid of the dead weight.
Wow check it out, an actual layoff related posting on here
Netops, field
Have heard no rumors of any layoffs. First time I'm hearing about this
@OP - the boards resident sh7t stirrer!!!
There are no layoffs planned. Get back to work! 36
Any word on RTO?
How do I be included lol
Hopefully company wide RIF
Of course there will be one. It's a payroll week. Substantial? Nah.
https://twitter.com/MacroEdgeRes/status/1762607705519251857?t=OcsdkOVe6b5QMkw5HBGViA&s=19
It was confirmed for 2/30
Confirmed, layoff announcement 2/29.
what dept.
i heard Layoff being announced on 2/29