Thread regarding Verizon Communications Inc. layoffs

Webcast

Can somebody please summarize the webcast for those of us not able to watch right now?

I've seen in other threads that I'm not the only one who has no idea what happened and is wondering about what was said.

Me and I am sure many others would highly appreciate it.

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Post ID: @OP+Rnuv7Si

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So Verizon will get great price of giving each employee $2600. However won't be on the line to actually pay that out in the event that any layoffs occur before the employee is vested?!?!?

Am I missing something or does this smell kind of fishy?!?!?!

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Post ID: @mon+Rnuv7Si

"Lowell said your store was closing in Q2." hahahah

but yeah...50 shares, you get half the money in Feb 2019, and the second half Feb 2020....you get the cash value based on the value of the stock and quarterly dividends.

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Post ID: @ccm+Rnuv7Si

Lowell said your store was closing in Q2.

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Post ID: @ccb+Rnuv7Si

@ego no, you do NOT get to keep it if you do not work for VZ at the time of vesting

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Post ID: @nll+Rnuv7Si

Heard from management (retail wireless) were each getting 50 shares, no bonus. It will vest in 2 years and you cash it out. If youre not employed by vz, no idea if you keep it or not.

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Post ID: @ego+Rnuv7Si

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