There is so much speculation about how many people will be gone by the end of this reorganization, and it's all over the place. I've seen and heard people predict anywhere from 10 to more than 40 percent of employees being let go between the voluntary buyout and RIFs.
In all honesty, I think the number is somewhere in between - anywhere between 20 and 25 percent. Anything above would be too much, anything below would make the whole thing pointless.
Just my 2 cents.
"I wonder how many pressed the button just to buy themselves an extra 7 days to decide. They have until the 17th to takecir back. Makes sense to push the button if you are still on the fence"
Me. Also, I know several people in my department who have pressed the button to give themselves an extra week.
The labor package in ZBB appear to call for a ~30K headcount reduction ($4BB) by end of 2020, so 27K layoff could be correct.
The expected take rate for the VSP is around 20% or so- not 50% as some think. But ultimately it doesn't matter, the workforce is being massively scaled back
how do you know that: Roughly 19,000 have pressed the button?
"imgoingtoneedajob" yeah right, that would be Ericsson 2 for Hans
25 - 30 % more likely
Back and forth on this at least 3 to 4 times but I finally settled in, after much prayer and consideration the wife and I are taking it. I sure hope to God Verizon lets me go. I would hate to be left here...
Yep 50% reduction in headcount in 2 years..confirmed earlier this week
Does it make a difference ,we have no control over how and what they do.it is what it is,we just have to put on our big boy pants amd try to move on,plain but not to somple for some to do amd i understand that,but what are we too do
Number I have heard from a sometimes accurate, and sometimes not source, is about 27K.
Good luck to the ones who are left.
Highly doubt the number of takers are anywhere close to 19k or 50%. More like 11k max. Unless the business makes the offer more enticing, look for no more than 35% of those who were offered the package to take it.
2yrs out VZ headcount 50% current
I wonder how many pressed the button just to buy themselves an extra 7 days to decide. They have until the 17th to takecir back. Makes sense to push the button if you are still on the fence
Roughly 19,000 have pressed the button. 43%.