Thread regarding Verizon Communications Inc. layoffs

A grasshopper with an ant in its hand is better off than the preying mantis left standing in the dusty field that lacks rain of any sort.

Better opt for the offered job (new company). history has witnessed organization transition has worst effected on employee. Sensior advice !don't fall in trap.

I have an offer right now in hand and applied for resignation. Even after these many consequences happening around management in trying to compromise and they are giving false promises. What should be the good decision?

To me retention bonus is less for Bands less than or equal to 4... its a win for management.

Above 4 may or may not be a right decision.

I joined 3 years back VDSI and continuously L rating ... in my team... but I didnt get bonus... yet my batch mate... she got only one time L and last two times P rating she informed me she got bonus.....that too all her team members know she is planning for higher studies in UK.

Hurted man.. stupid management ...!!!

Retention Bonus are given to employees of all band who are updated by their supervisor as High Performing but Ready to Leave in continuos last two quaters.

As a delivery Mgr Iam disclosing this here ., so donot get Panic even we are not sure on rebadging is true or not ..Only onshore leaders who decide andannounce via MD

This list of employees is pulled just from portal via HR tool and no manager or senior manager is involved here.

I would say better calm and watch ... and nothing serious.. Bonus given to right employees who where identified by their supervisors in last two quarters that they might leave Vdsi and critical resources just to retain them fkr sometime.

Its a 16 month timelines I hear from leaders starting from Support and Operations and rest all super critical DEV teams is safe .

From what I hear in VDSI, very few people got retention bonus. Looks like there will be three categories of people. One, folks who will be rebadged. Two, folks who will be retained. Three, folks who will be retained with retention bonus.

Attrition is at an all time high and to stop what little of talent is left, it seems they came up with this retention bonus. Apparently they want to ensure that a few of the people retained stay with the company till it stabilizes. People who got a RB offer also have to sign a bond with the company.

Common sense says folks who got RB will definitely be retained along with a few other people. And they are giving RB only to people who they think are important and may leave. I am not sure what happens to the folks who have been retained without RB.. maybe they will let them go in a few months ? I think folks retained without RB are the ones who were not picked up by the other company (maybe because high salaries ?) and VZ would not be able to let them go immediately because they have to pay severances.. and whatever money they have is apparently being given as RB.

Sitting and whiling time away on the blog?? You probably don’t deserve regular bonus why then talk abt any other bonus 😂😂

Those who got Retention Bonus must have been told to keep the information secret.

Don't worry if you have not got the Retention Bonus. Those who got it will manage and run their respective applications successfully. Those who got Retention Bonus are essentially super man or super woman of their APPLICATIONS.

Anyone in this group really got the retention Bonus? What I heard is the retention bonus is the Rumour created by offshore and circulating strongly.

Instead of all this chatter and creating more entertainment value for others. Go upgrade yourselves and find a job outside. Don’t sit on your backs waiting for someone to take care of you! Typical Indian mindset of someone will take care of you won’t work!!

Nothing will be announced! The DH`s will communicate to their SPM's and the same will be communicated to the affected employees. It will be silent the same way it happened for VES. Few days later once this settles down we'll see black ribbon got transformed to green. Welcome to the era of transformation!!

Troll

Layoffs and rebadging on the way for vdsi. On site an announcement will be made this Friday.

Wireless teams got retention bonus in vdsi. Many folks from ecommerce and my verizon will be outsourced as they have not got retention letters.

So, those who are Architects, Sr.Architechets, Pr.Architects, Managers, Sr.Managers, etc., are in a ... Na Ghat ka, Na Ghar ka situation ??? Meaning neither the buyer nor the seller wants them? If so Sad. Very sad. Years of hard toiling doesn't benefit them when it's needed the most?

If critical projects are going to be functioning (retained) in vdsi itself, then why only couple of folks in the retained-team are given Retention Bonus? Will those projects be run with only those super men and super woman? And those who did not get RB be layed off?

Going to infosys has to be non crit projects with less risk in my personal opinion.

I heard that people who works in latest technologies like ML, cloud AWS, Digital transformations are going to stay back in vdsi for long term. People from Manual testing , Mainframe development , Mainframe support and operations , legacy systems , PMO, business analyst have higher risk here and management can either layoff or move them to infosys. It is time to put papers and move on to some other companies