I’m relatively new. I know last year it was November.
11 replies (most recent on top)
Value GTS in Miami is Immune from RTO, VSP and RIF’s . No rules apply to them!
november 7th with off payroll on december 20 is what hr telling us. there will be rank and stack along with post realignment positions riffed. If the dept you are in is backfilling it will only be rank and stack rif.
Big RIFs once or twice a year. Surgical RIFs in departments nearly every month.
After each big shuffle post VSP people will fall out and sometimes long ago they’d find a spot for people but lately it just seems they RIF.
NEVER 6 weeks per year worked.
Anyone know what are the RIF payouts amounts. Last one was 6 weeks for every year employed. I think management employees received more dollars.
Is this counted as daily panic post?
my manager doesn't think we'll have a rif and to just continue working without being prepared...he didn't even think i'd be guaranteed approval for the vsp...he is so ignorant
Regardless....there will always be two rifs/layoffs per year...one around feb-march and the oct-nov festivities .....that is a constant
VZ leadership is useless, particularly in the Value segment. systems and customer Service is cr-p! it should be a requirement for all leadership in that area to walk through the use cases and processes as customers so they can understand what the experience and business model is like. Instead, they come up with this executive level bullsh-t, nepotism, arrogance and narcissism. Scott De Loach in IT is a good example.
My guess is October. Just get over with it, so folk staying don’t have to be sitting on the edge into the new year. A constant stream of large RIFs shows a lack of competence. Although VZ leadership already proved that there’s little competence left - nothing they did to change the downward trends has worked.
It really depends on how much of the VSP targets were missed. If the gap is large, then the question really is timing and the headline it sends to the market. If VSP’s goal was to avoid media backlash when numbers are large, then doing an inevitable RIF (on top of VSP) in 2024 might mitigate things just given the all the other layoff news in tech - easier to bury it. It would be a bigger black eye if VZ lays off thousands next year when the market begins to trend up. Being an election year, it may be a factor as well - headline “major US Telco shifting resources overseas by laying off US workers” could be the punching bag for presidential candidates.