Word is Verizon Connect (telematics division) is having a significant reduction in Sales, Customer Service, and Marketing on Thursday.
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Topics regarding layoffs at Verizon Communications Inc.
After almost 20 years, I accepted the VSP. Didn’t seriously start looking for another job until about 3 weeks ago. I landed a position making almost 40k more a year. Keep your head up. There is life after Verizon!
Anyone know when we will get that deposited in our 401k and how much it will be?
Hans and company are looking to acquire either Frontier or Centurylink or both to jumpstart 5G and buildout fiber to the home for Internet and phone only. TV is out of the question, but there are hints that Big Red is looking to get into the smart... read more
Good luck people 5G is a mess and the women in 5G is a stupid a-- who pretends she has a clue! So glad i cut out ofthis mess
Hard to believe that nearly three months passed in 2019 and all is quiet and nothing is happening. Maybe I should be glad that that’s the case, but if I learned something from Working at VZ is that when it’s too calm that is usually the calm before... read more
"Unless we can do something major we will see a huge dip in our stock price." The 5G hype was great for all wireless companies the last couple of years. They all claimed they were deploying this year. When it gets out that they are no even close yet... read more
I know a lot of people are waiting for an eisp and I saw a comment about the company not offering any because people are just leaving without one. Doesn’t the company understand that there are a lot of us who have the time and want to go, but are too... read more
Directors, is this true?
With this I’m not trying to indicate that there will be more buyouts in the near future, but that is definitely the way they are going to deal with a situation where they want to lower the headcount. This proved to be a move that benefited the... read more
My last day is Feb 25. Is there any chance I don't get my sti on the 22nd?
Lost of none pay from the credit changes and port outs. We are losing our as* in this quarter. They will see Hans can’t run any company other than into the ground. T-Mobile is going to wipe the floor with us this quarter!!! If the merger goes through... read more
BPI - What %? Include rating and time in current role. Example: 4.25% / Performing / 9 months.
I got to admit as time goes by I’m getting scared more and more. I pushed the button for the buyout but my application was denied. I admit getting the package appealing to me given that I’m just a couple years away from reaching my pension, but now... read more
Has anyone gotten their 30 day notice yet?
I am grateful for the STI award - and the extra 15% modifier was super nice. So please hear me - I am not complaining. But, wondering if anyone else was less than 100% target (not including the extra 15% modifier)? For example, my award was 95% of... read more
I have a June date and I noticed people stopped being nice to me borderline rude. It's like I have a disease. I'm not complaining I like the time to myself and my check isn't impacted. Is anyone else getting that same vibe.....
Do the December VSPrs get the 3% profit share. If yes, how will it be paid out
I plan to invest the money in either real estate or stocks. What are you planning?
If, just maybe there is a possibility that there will be a new VSP what segment of the company and what type of worker could it be aimed at and, of course, at what time could it come? God knows they want to reduce even more, so I don’t see that... read more
Just throwing it out there for convo : lump sum or annuity ?
The writing has been on the wall for what, a decade now? They started closing centers down around 2010 if I remember right. Low performing stores have slowly been closing over the last 5 years and while they are investing in the new designs and... read more
With all the information floating around, what is the correct date for the next round and payoff?
Does anyone know the payout percentages for each of the pay bands? On the Wireless side I believe: Band 8: 10% Band 7: 12% salary (7V) or 10% for hourly (7T) Band 6: 20% I'm curious what other bands below 6 (Director, VP, etc) have their targets set... read more
On the wireless page there is a post heating up about indirect. I feel like we still know absolutely nothing about the new org. Any insight?
I generally don’t pay attention to rumors, but first store closings, store hours cut and now the word is sta call centers can be affected. Looks like they feel that there is room to cu in those segments and automate or outsource as much as they can... read more
That was pretty cool, 115% STI + 3% Profit Sharing.
Customer service handles billing issues, tech issues, international travel issues, escalations, etc... Now on top of that we are expected to be sales reps without commission. Upgrades on PA and Revenue Generation on PA ( increase plans and and TMP)... read more
keep hearing rumors, any truth to this.
Any call centers closing this year?
No more real work until the STI is announced. Then work only in direct proportion to the percentage. Maybe some unpaid OT if it's more than 100. Maybe more coming in late and leaving early if it's not.
Has anybody actually been approved for UI in Massachusetts? I received 2 checks and have since been denied because I volunteered to leave. an agreement by an employee to take a lump-sum payment upon separation in return for the employee’s release of... read more
Anyone know what the LEAN portion of FAST/LEAN stands for. It has yet to be explained.
To deprive someone of a wage not because he is failing to earn it or because you can no longer afford to pay it but because you have decided that you would prefer not to pay him is robbery. The fact that it has been a widely accepted and almost... read more
Verizon BoD elected Hans as the chairman of the company, and this decision will be effective from March 8th. Hans is succeeding Lowell McAdam who is retiring from the company. More power in Hans’s hands, how does that sound?... read more
Still no word on the STI but be assured that anything less than 100% will be met with less than 100% effort.