Thread regarding Verizon Communications Inc. layoffs

Starting Oct 1st all IT will be in Infosys

Deal is set between Verizon and Infosys. Starting Oct 1st all IT employees except people managers will be moved to Infosys. Announcement will be in September.

by | Post ID: @UTxo80A
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101 replies (most recent on top)

Infosys and all other Indian companies says they are hiring local people in US or other countries, by local they means Indian who are settled in US or other countries. Infosys management is never comfortable working with any other people. ...

Agree..Yeah the Same Way USA is fighting for rights of people in Middle East..not for OIL. LOL

by | Post ID: @UTxo80A-Sdwj

@Brzm agree on the “race to the bottom” statement

by | Post ID: @UTxo80A-Mdta

All the transferred employees will be fired by end of year. Infosys works on race to bottom concept. Infosys and all other Indian companies says they are hiring local people in US or other countries, by local they means Indian who are settled in US or other countries. Infosys management is never comfortable working with any other people. Entire US companies IT has been Indianiozed and I don't see any other race in US companies ITs any more, there is no diversity.

by | Post ID: @UTxo80A-Brzm

Ned Lamont loves Infosys - that's why I would never vote for him. Outsourcing is the scourge of the IT world - usually ends up being a nightmare for the end customer that cannot speak the language and lousy service is the standard.

Verizon does an employee dump of dedicated, loyal United States Verizon management employees working 47 - 70 hour work weeks do to constant downsizing. Verizon employees in a no win situation. Some Verizon IT departments that are cutting employees are hiring contractors at the same time for new technologies. In with the new and out with the old????

Some Verizon employees were retained and offered a separation package. Other US therefore, catch 99 to get a pay check work like a Dog/continue relentless hours and at the same time learn new technology while working a ton of hours.

c. By accepting this offer, employees lose vacation, less 401K match, no tuition assistance. Max vacation cap at Verizon 5 weeks. InfoSys 3 weeks. United State Verizon employees pay differences and benefits will lose $300K+ over a ten year period. No one knows the cost of Info Sys health care once becoming an Info Sys employee that number could grow.

d. By accepting this offer, it is only for maintenance & development which is supposed to slack off over time. New development and technology is staying in Verizon. Basically these jobs will be fazed out... leaving many in an undesirable position again.

  1. Last Option - Verizon employees not accepting the InfoSys offer or retiring will be terminated and unable to collect unemployment
by | Post ID: @UTxo80A-znve

Does Trump know about this ?

Outsourcing is bad for any country, it's just not about the jobs, but sooner or later, Verizon will find out - out goes the people who can pay for their services also, if the jobs are not here, people won't have the income to buy/pay for Verizon services either.

Verizon and other companies who outsource are baiting the very hand that is feeding them.

Why not outsource Verizon CIO's job also while we are at this, with no in-house Verizon IT, why do they need a CIO ?.

by | Post ID: @UTxo80A-ydbf

At least I would like to say congratulations to those who will be moving to Infosys; you still have a job. But be mindful with these-

1) For sure, you will be with Infosys only for a year or so. So, get ready with your job trails from the first day you join Infosys.

2) If you on H1B and already completed 6 years and I140 has to be taken care by Infosys, then I am sorry to say, you have no luck with this company and they will invest money on you for this.

3) You end up benefits, 401K matchings etc. Infosys is just like a normal consulting firm but just a bit reputable.

4) No gaurantee that you will be at only one particular location; get ready to travel

5) If you are on H1B, then no gaurantee of H1B transfer approval from Verizon to Infosys at this point of time. Get ready with a backup plan if transfer gets denied

6) Infosys offshore model is worst. You will end up spending extra hours to explain things that you carry through out the day to your offshore counterparts.

by | Post ID: @UTxo80A-yxtk

Verizon upper management including CEO, CFO have received hundreds of emails seeking fair treatment and they are looking to compensate for the severance lost by employees going to Infosys.

by | Post ID: @UTxo80A-xhpo

We are Part of NDLF IT wing and we cover your issue in this link.

http://new-democrats.com/verizon-infosys-deal-slave-trade-or-employee-transition/

Read and spread this article. We are interacting with other trade unions to publish this issue and reach high level. Spread this article, post your queries in our site, reach our union members for any help in this regard. We are in touch will several employees already.

by | Post ID: @UTxo80A-viuu

Does anyone know what the criteria they used to determine who was retained and who was moved to infosys? Other than Directors kept the people that are top A$$ Kissers and most men were retained i can't see any other criteria.

by | Post ID: @UTxo80A-utsi

What will be the position of retained employees?

by | Post ID: @UTxo80A-uflw

After Hans came to the leadership his first goal was to completely move the IT services to third party.. People are trying to cut costs and destroying lives :( How many good people are there in VZ and they'll be now moved to Infosys without proper benefits and we have not heard what Infy has got to say! As far as I heard they've started recruiting people already for this!

by | Post ID: @UTxo80A-siai

This thread predicted what's going to happen a month before it actually happened.

I find this amazing.

by | Post ID: @UTxo80A-rsvt

"I am surprised the company would not need FCC approval..."

checks FCC chair's resume

Yeah... I think they're in the clear from that angle.

by | Post ID: @UTxo80A-rhxs

Does any one know the fate of people being retained in Verizon? I know folks moved to Infosys may stay there for 12 months and then may come out on to the road. don't think the fate of retainers is good. Does retained people get package? Even though some good package is offered, are you sure they all get whoever wanted to get one?? There should be some uncertainty or magic behind the scene. Agree?

by | Post ID: @UTxo80A-rqqp

I am surprised the company would not need FCC approval before outsourcing the IT services to an Indian company, given that it would mean handling of personal information and sensitive government accounts.

by | Post ID: @UTxo80A-rykh

Yes, Verizon did outsource majority % of their IT work of certain Business units to Infosys. People have a problem with layoff. So they found another company to offload them -> Infosys. People have a problem with this too. What they are forgetting is that the folks who are retained, they have a uncertain future as well. You never know when they can be dumped too (irrespective of the fact that the rumour is 50% of CTC as bonus if they sign the 2 year bond).

Face the reality folks, this isn't your father in law's company who will keep sending you goodies whether you are worthy of it or not. Watch your back. Those left off to Infy might have a silver lining to move out to new accounts/work in future. You atleast have a assurance of 1 year retainer at Infosys, Verizon isn't giving any.

by | Post ID: @UTxo80A-qrie

Verizon is mandating us to accept infy offer if not we will loose all the benfits how ethical is this

by | Post ID: @UTxo80A-qbnu

Guys yes you can proceed legally but question is will it be solved in month no it will take years and your career is lost so think

by | Post ID: @UTxo80A-qndq

Yes even effected employees should get option of yes or no to Infosys and honered as we served Verizon more than 12 years how can some one decide our fate if it's not legal

by | Post ID: @UTxo80A-qjty

Yes no where In our offer it's mentioned that Verizon can sell us to some company loosing our existing benefits and mandating to take offer from some other company can some one suggest legal action

by | Post ID: @UTxo80A-qxeh

Why only some are affected we joined Verizon because of its reputation and not Infosys how come we are sold to infosys with out our knowledge

by | Post ID: @UTxo80A-qffp

What happens to contractors??

by | Post ID: @UTxo80A-qzkf

Wa

by | Post ID: @UTxo80A-qrbr

Arrogant management ...not giving clear picture

by | Post ID: @UTxo80A-qpby

Employees who are affected and unaffected have attended call from MD separately!

by | Post ID: @UTxo80A-qrau

You've got mail! (Old timers would know what I am talking about!)

by | Post ID: @UTxo80A-qkwe

Those who have got call from kalyani or mahmoud are the ones going to infosys ! those who didnt get call after shankers call they are safe !

by | Post ID: @UTxo80A-qxki

Shanked.

by | Post ID: @UTxo80A-qfvt

Only the IT veticles of VDSI will be effected, is whats the general assumption.

by | Post ID: @UTxo80A-qibp

It is real. It was announced on 9/24/2018 at 8am EDT

2nd quarter 2018 outsource to Infosys

by | Post ID: @UTxo80A-qieh

Already confirmed and announced.

by | Post ID: @UTxo80A-quiq

Very few are retained with 100 % bonus of their CTC . As they say only 4% are being retained . rest moved to infosys. Every one will get email by tonight or tomorrow . Non performers will be shown door to exit

by | Post ID: @UTxo80A-qfax

Today we will get to know all the details.

by | Post ID: @UTxo80A-qplf

Very few having it.

by | Post ID: @UTxo80A-qojf

Anybody has retention letter as mentioned in the below comment? I am scared as I don't have it

by | Post ID: @UTxo80A-qijn

How far is this news true ? If so when can we expect the announcement.Because it's already last week of September ??

by | Post ID: @UTxo80A-qvwu

If you are retained .check hr workways .below salary letter their is a new link "rentention letter". If it's not their then you are not retained !

by | Post ID: @UTxo80A-plat

Great, now I really regret majoring in IT in the USA.

by | Post ID: @UTxo80A-oszi

A few employees from VDSi have been told to sign the bond for 2 years with retention bonus. heard the remaining Employees will be Laid OFF very soon.

by | Post ID: @UTxo80A-necz

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