Thread regarding Verizon Communications Inc. layoffs

Vesting & 401k

So rumor has it that tomorrow people will be told they are done and cannot come back. They'll still be on the payroll for 30 more days however. If that's the case and they were supposed to vest in the upcoming 30 days, will they still be able to even though technically they won't work past tomorrow but they'll still be on payroll for 30 days...

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Post ID: @OP+ME9tKeW

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If I get unpaid vacation will I still get quota relief? #LETITGOMAN

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Post ID: @1wss+ME9tKeW

Yes, two things are different. You are on payroll for the notice period, and could (if you want to!) try to find another VZ position. If they don't want you in, that's there choice. Then, within about 4 weeks of off payroll, you get the severance payment. (And you should get any unused vacation paid out shortly after your last regular paycheck, or at the same time in strict states)

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Post ID: @gdp+ME9tKeW

So we'll still be on the payroll for 30 days and still get our severance on top of that?

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Post ID: @wfn+ME9tKeW

Again, if they are on payroll, that's all that matters. Being told not to come in doesn't impact the fact that you are still an employee till off-payroll.

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Post ID: @idf+ME9tKeW

If u get exit , you will be advised all this info when your GM meets wirh you. Do not not worry do not stress enjoy the blessing .

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Post ID: @ycm+ME9tKeW

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