Topics regarding layoffs at Verizon Communications Inc.

Topics regarding layoffs at Verizon Communications Inc.

Worthy read…

This was an article/opinion piece published during the 2018/19 VSP offering. I found it helpful when I made my decision to accept the offer after 25+ years. https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html While I... — read more 

Seriously considering taking VSP

I am not completely sure yet, but leaning more towards taking it. Except for the job market slowing down, any particular general reason why one would or wouldn’t go for it? I am always afraid I am overlooking something when making such decisions... — read more 

HR may have your VSP invite

If you didn’t receive the VSP invitation, you may still be eligible. Please contact your HR representative to inquire about taking the package. For those who are taking the package, good luck. For those who are staying, the rest of us will be praying... — read more 

The last VSP...

The last VSP was a significant impact to Network/GNT. My director team lost 25% of the workforce for a core wireless application function. There was some backfill in the following year, but most work was absorbed by those who chose to stay. The... — read more 

Reorg after VSP

It will take this mgmt quite a while (if ever) to do proper reorg after so many people leave. It will be chaos, tripled workload, and a lot of pointless tasks while many important things will be slipping through the cracks, amounting to a lot of... — read more 

Number of People Targeted

The information on the VSP was surprisingly accurate. Does anyone know how many people that the company is targeting for acceptance? The last management VSP accepted ~10k employees and I wanted to see if anyone had real information on this - not... — read more 

VCG

Anyone hear any rumors about potential RIFs or VSP for VCG, specifically the Tech, Care & Loyalty tracks??

Unemployment Illinois

If one decides to take the VSP I'm wondering if they will qualify for unemployment. I know unemployment are mainly for those that get fired or have an involuntary however with one deciding and make the choice to leave and take the package will they... — read more 

CEO Pay

If you chose a very high number and said the average salary at Verizon was $200,000.00 a year, that would mean Hans makes more than 100 times the average wage, plus stock options. His VSP letter starts out telling everyone how great things are, then... — read more 

Sampath Video

Any inputs or thoughts about the Sampath video that was emailed to us. Any RIFs or VSP on the horizon for some of the excluded groups.

Sampath video

What are your thoughts about the Sampath video that was emailed to us earlier today? Of the groups excluded, he said to the tune of if there is a reduction during the VSP period, then the same enhanced benefits will be available to them as well. What... — read more 

After the VSP

For those not opting to go, make sure you are "all in" /s Personally, I think this is going to become a scary(ier) place post-VSP. Thoughts?

How many are considering going for VSP?

VSP looks reasonable, I may just go for it. It’s not that I am looking forward to staying here and being under constant threat of being RIFed. And RIFs are coming.

VSP, What's the Rub?

Frontline sales not eligible. No options to move to a new role? Slam them till they die

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CEO Lay Offs

We were told on a AHC this year that they were “hoping” no more RIFs for 2 years…. We now know once the VSP deadline, the RIFs will shortly come. In the past 13 months we have gone through 3 different RIFs. Yet, everyone all hands call leaders are... — read more 

June 4 VSP

A lot of good information was passed along on this site yesterday, people kept it professional and the information shared was useful to all of us. My offer came at 11:15 AM just as someone over the weekend said it would. Thank you all for sharing... — read more 

VSP 60 Weeks Pay Question

Question on the 60 Weeks pay after your end date of working. Is this 60 weeks paid out all at once, or over the period of your 60 weeks like a regular paycheck every 2 weeks ?

What are my 7T’s getting paid?

Anonymizing this a bit with ranges, but: Salary 100-110k Standard STI 10%, LTI $5k/yr in Stock Together Tenure 5-10y N2 (National) cost of living (no additional $)

Recently Announced VSP

Does anyone have specific details on what Verizon is offering for this 2024 VSP? I heard management employees have until September to put in their paperwork.

Why now ?

Any ideas why now, company still doing ok as far as financials , harder to find motivated employees, Hans has no opposition despite being directionless and many poor decisions but this should only cost money. perhaps something to do with broader... — read more 

Accrued vacation

For those taking the VSP offer, be aware that your accrued vacation will be taxed at the same rate as STI because Verizon considers it a bonus. Just something to be aware of.

Be careful what you wish for VSP2

When the first VSP happen in the job market was extremely hot.. these have pulled down tremendously so if you’re thinking you’re gonna retire, take the money and run, but if you think you’re gonna stay in the workforce maybe stay and just be... — read more 

STI being paid out twice?

The personal calculation page shows STI in both the “separation payout” calc and the “2024 STI payout” boxes.

HCL rebadgers getting VSP "like" offer

To all employees rebadged to HCL from Verizon: Our leadership has just informed us we WILL be getting a VSP "like" offer later this week. It will be discussed on tomorrow's all hands call with VP "She* Ash*".

Will Field Engineers be offered the VSP?

I received the email this morning from Hans, and am waiting for the email from Sam. It hasn’t come yet, but I have heard from many people in other areas of the company who have received it. Does anyone know if Operations will be offered the VSP? — read more 

VSP eligibility characteristics

Trying to hone in on the criterion used for those that got the notice from Sam. For those that did get the 'You are eligible' email, could you post the following details? Age RTO situation: Hybrid, Remote, live really far away from a hub,etc. Number... — read more 

VSP offers by now

If you haven’t had a call already or have one scheduled for today by now, you are NOT eligible for VSP. Only targeting certain departments and if you are in these departments, think long and hard about your career future before you opt to reject the... — read more 

Surplus being announced today

Surplus being announced today. I’m confident my faa will be passed over for my title yet again as per usual. No offer for my faa since 2016. (one person) The company has made excuses over the years that there’s too many people with 30 plus years and... — read more 

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