"The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman."

Does anyone have any reliable information on percentage of the layoffs for next week? Is it a set number as usual, ie roughtly 10% or 75% with dan the man.. or is it targeted to eliminate orgs, hit some way harder than others?

Verizon's CXO org will see a significan reduction in headcount on 7/16/2026. Once they make the announcement, then the remaining personnel will see a reorganization where they move to other parts of business / organization is disbanded.

If I survive the next RIF but our function gets impacted to the point where I have to take on even more work... I'm going to look to leave

So the latest org announcing clearly was missing the “G” in GNT. What exactly does this mean? And what are everyone’s speculations on the network org changes?

Well just checked multiple Sr Director and VP calendars and looks like some groups met already to proceed forward with next weeks rif.... its rare to see all of them meet same day/time and of course you can check the same day for prior weeks to see... — read more 

I don’t understand what they are doing for real. Someone please explain it to me

I've always believed Dan was brought in to be the fall guy for what the board really wanted to do. At least from a reduction standpoint. I think the never ending focus on AI is more him than the board because he sees himself as a visionary. Or he... — read more 

heard after next week first levels will need to have at least 40 direct reports under them?

So I was just sitting here thinking.. Did they move the stock together to October in order to avoid paying them out for a Rif that is planned? Full disclosure I am not aware of how the payouts for the big Rif worked. Did they accelerate all stock... — read more 

Wells Fargo analysts started coverage of AT&T with a sell rating and price target of $18, implying nearly 15% downside. They are worried the telecom giant will likely lose ground to SpaceX's Starlink in broadband internet and, further down the road... — read more 

Verizon is doing INCREDIBLY well. Maybe the greatest corporate success anyone has ever seen. People come up to me with tears in their eyes and say, “Sir… how do you lay off thousands of people while the stock keeps going down?” I say, “It’s called... — read more 

Further targeted layoffs are likely as part of sustained cost discipline. Q2 earnings (July 24) will provide the next update.

There's been a lot of speculation about Verizon's plans, with some sources saying there will be a layoff on July 16 and others claiming the company is looking to hire more staff. Does anyone have any concrete information on this?

I spoke to two very high-level leaders. Very high level. VP and above. Great people. Smart people. They both told me the exact same thing: “Jump ship while you still can.” Nobody told them to say it. They both said it. Think about that. Morale? It’s... — read more 

I am looking for more information regarding the subsidized retiree medical benefit. The available documentation states that eligibility is generally for "Wireline management employees with sufficient service when the plan was frozen in 2006." Does... — read more 

Layoffs may boost stock short-term, but hidden costs (morale, attrition, lost talent) can outweigh gains long-term. Data may vary by case. Now down trend start of stock

Any layoff news for TPD Boston??

May be July 15–16 could mark the start of Verizon hiring. Good news may be coming soon—stay tuned!

July has been talked about for 2 months now as the "big one" but will it be and who's getting hit? Wireless? Wireline? Retail? I know we will find out next week, if true, but if anyone is aware please share. Thanks.

Is it just a straight up termination, or is there any kind of severance at all? I am afraid my group might be rebadged and wondering what to expect. Will there be any guaranteed period of continued employment?

Has anyone else noticed that they are posting certain jobs as external only? Not allowing internal candidates to apply? I’ve also noticed that some of these external only jobs are remote, whereas all the jobs posted internally are hybrid at best... — read more 

With the USA now out of the Soccer World Cup, will all that expensive advertising go to waste, especially with what Verizon is doing with International ?

I have been laidoff and need to train my h1b contractor who will do my job, what options do I have?

In New Jersey they have reached 50k double wood poles that they need to transfer and remove. Some over 9 years old. The state is looking at setting fines for any over 90 days for safety reasons and to make money. Verizon's reason is they don't... — read more 

Hybrid work should be evaluated on outcomes and deliverables, not solely on days in office or commute distance. If managers are meeting their commitments and supporting their teams effectively, a 2-day in-office cadence can be reasonable under... — read more 

Verizon's decision to move the majority of NS IT work to TCS and Infosys is a high-risk mistake that appears to ignore the hard lessons from previous transitions. The last major Infosys-led engagement created significant disruption, operational... — read more 

Anyone else on a “hybrid” team where their entire management chains lives 2.5 hours or more from the office? my management chain is cheating the company- they dont like commuting so they show up around 10am, leave at 2pm, and barely do anything. how... — read more 

We did an internal poll of several hundred plus employees... Majority of 88% say they dislike the direction of the company and the CEO is not fit for the job. Who would have thought?

Am hearing through the grapevine that the board is seriously considering making Hans ceo again after the Dan disaster show. Anybody else hearing this?

Rebadging is where Company A sells part of its business (for example software delivery) to Company B for a hefty sum and some guarantee Company A will continue business for some time with Company B. Under this arrangement Company A avoids severance... — read more 

I received top performance ratings in 2 of the last 5 years, and I’ve always been a self-motivated person. These days, I have had very little energy or motivation to work. It feels like I’m just doing enough to keep the boat afloat. Is anyone else... — read more 

Heard today Network is going to be one of the hardest hit this month. SP Teams, NA teams, RF teams brace yourself

fire vps and directors of all levels. get serious about earning your bonus Dan!

I was part of a team that designed and engineered Personal Shopper - the app that most of the retail reps use. I knew it wont be appreciated yet i still worked on it and pushed it out. Thats my confession. Heads up, theres a v2 coming up and its... — read more 

I know of no one that has ever been written up or chastised for not coming to the office though. If you are an individual contributor you did your job fine during COVID and there is virtually no reason for you to come into the office anymore. I mean... — read more 

Does anybody believe that Massimo's flight got cancelled?

I can't stop watching Verizon spiral downward. All the talent and potential being wasted, people going through so much, and the leadership just doesn't care. It's like watching a train wreck in slow motion.

If a layoff’s coming, why wait? Find better opportunities and move on. Just how things are trending lat