Thread regarding Verizon Communications Inc. layoffs

Finance layoffs in Sept

It’s rumored that notices will be going out on the 26th. It will allegedly not stop there, but more will be coming by the end of the year. Can anyone confirm this is for real?

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Post ID: @OP+1us5UwCH

11 replies (most recent on top)

@3ftu+1us5UwCH

Until the end of March 2025, if you were in an EXCLUDED VSP group OR volunteered for the VSP and were REJECTED, you would receive the enhanced severance. Otherwise, you get the standard severance.

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Post ID: @3grj+1us5UwCH

Confirmed, GTS in Miami will join the party as well. We are hoping To see some real changes particularly in that old school leadership layer.

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Post ID: @3yob+1us5UwCH

Will future layoffs get the same bene Like VSP?

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Post ID: @3ftu+1us5UwCH

Who in Finance did the business case to pay off all the people in Finance? I bet that was an awkward exercise.

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Post ID: @1weg+1us5UwCH

Finance didn't count on that?

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Post ID: @1kyt+1us5UwCH

Cut half of FP&A staff in basking ridge and save big bucks. They are not contributing much anyway. Same old work reworked all the time.

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Post ID: @1hra+1us5UwCH

edit
I think they are being

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Post ID: @xhp+1us5UwCH

HR knows how to stay under the WARN limits.

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Post ID: @xbv+1us5UwCH

It's real. There will be October and November notices as well. However, I think they being made with surgical precision. Let's just say if your manager seemed a little cagey when discussing the VSP option with you, be forewarned.

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Post ID: @egm+1us5UwCH

The WARN person probably took VSP.

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Post ID: @qvi+1us5UwCH

Wouldn’t this be on state WARN notices?

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Post ID: @zrv+1us5UwCH

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