Thread regarding Verizon Communications Inc. layoffs

It IS Happening...

Glad others are sharing the info, as directors+ had their meetings yesterday (9/20). This was shared, but it is

3wk pay x #yrs service (max 60)

Future will only cover 1 mo pay.

This isn't uncertain or rumor. As indicated, it has directly to do with Wireline costing more than it makes. It is being positioned for sale. All areas. Cut the fat (employees), collect the sales profit, and build around VZW.

Good luck, everyone. I support those who leave or stay, but Gavin Belson is clear where he's taking things...

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Post ID: @OP+Vg1ksbL

5 replies (most recent on top)

My entire wireline team was told today they have have an offer to leave but won’t see it in writing until Monday. There will be a web portal where employees can look at their personalized offers based on tenure / age etc..

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Post ID: @ywf+Vg1ksbL

No offer just rifs

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Post ID: @nqd+Vg1ksbL

Word is the offers are for wireless

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Post ID: @onj+Vg1ksbL

Nope, was all a hoax

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Post ID: @jdl+Vg1ksbL

It was communicated on a leadership call yesterday that VZ is looking to make a 20-25% workforce reduction. https://www.verizon.com/about/our-company/who-we-are shows 153K current employees. That would impact 30K-40K workers.

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Post ID: @wmn+Vg1ksbL

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