New CEO = many RIFs and the Severance WILL NOT be as generous as previous RIFs.
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VZ stock down again today. Cant wait til Han's is handed the keys. He tanked Ericsson no reason he won't tank VZ also.
Didn’t you hear? Lowell is retiring. $10b budget cut no longer applies. That announcement was made to boost Stock prices as Lowell’s retirement package was being calculated. Hans’ salary increases to $1.5m and will undoubtedly exceed Lowell’s $21m annually very shortly.
Yes. All of us will experience salary and benefit cuts but, the $10b was just a happy number to make Lowell even wealthier.
Layoff in July. Off books by August. Will hit enough people to make up the difference for the $10B cut target
where did you hear this? Your butt?
There may be RIFs, but no one knows at time.
All else, BS
Next RIF will hardly be a RIF, everybody will be IBM contractors by then.
The Pre-2016 RIF-tees should be glad they got out ...I heard the same...HR is NOT going to offer the same Severance (2 wk for each year) ....stay tuned