#vsp

Is it pretty much a given that you’ll be included in this RIF?

I made a mistake. I'm an id--t. That's all I wanted to say.

Anyone with past experience porting the consession phone number? A pin and acct# would be needed. I know of folks that took vsp that ported. If allowed this go around, any details on getting that done?

I continue to hear rumors about an upcoming future layoffs AND a merger. I'm hearing that the VSP and additional layoffs are being done to position us well for a merger (GuideWell???).

I know most will think I’m a troll or lying but for those looking for legit advice, here it is. I have been here over 20 years, seen so much change and been impacted multiple times involuntary. It hit me hard, I was kicked to the curb but lucky to find a new role within to stay. I know more about how all this works internally than most of you unfortunately(how we’re notified, off pay, insurance, tax, etc). I wish I didn’t. Then, the first VSP came, I didn’t even look at the offer. The second, I looked but didn’t take it. This got my butt in gear so I didn’t get caught flat footed. While I knew I was staying, I took the last few years learning a new skill, a trade so I would be ready to move on one day. I would actually like to stay here. I have a great team and a great boss. I am lucky. But this week might be that time for me, who knows. This is my advice. If you are fortunate enough to make it through this, don’t sell yourself short and think it’s done. This is the beginning. Take it as an opportunity to learn something new that you see as the future of work. You’ll only sell yourself short if you do nothing AND survive this week.

Everything is a guessing game at this point.

Customer service and store channels to get a complete overhaul with new leaders and possibly a lot less of them to flatten our business?

Pull back of vendor customer service? By how much?

Work visas to be cancelled?

200 stores will be going to indirect with less support. More to follow?

Value organization to be drastically trimmed and a single brand for all prepay? Total to be sold off?

VSP offered for anyone who wants it?

We will all know soon. Until then. Do your job well. Get your end of year performance documents ready. Stay focused.

I have noticed individuals who accepted the VSP last year now asserting that they chose to leave rather than being laid off on LinkedIn. VSP acceptance and being laid off as functionally the same, as both indicate the company was not invested in retaining those roles. Trying to reframe VSP acceptance a year later as a superior decision does not change the core reality that those positions were considered replaceable. Such a coward move to stay quiet for a year then come out talking about lay offs when it’s easy. Cowards!

I have seen posts on here mentioning that specific Senior Directors are updating their LinkedIn profiles to "open to work," but the authors are refusing to name these individuals. DONT BE A COWARD. If you have firsthand, verifiable information about specific SDs, please include their names when posting.

Question to those from IT who took vsp or got layed off recently.

How long did it take you to find a new job? I know market is bad.

As a 20 yr employee who was let go last year, I empathize with what you all are feeling this week. But, it feels really good to be on the other side of VZ and moving on with life. I thought my world collapsed when I was let go last year, but I've realized multiple times it was the best thing that could have happened, especially seeing what life is like at VZ now. Sad to see our once great company imploding. Since 2015, it has been a slippery slope down hill. First a small slope, then bigger...then bigger...and now it feels like the slop has near hit bottom. Everyone said a certain leader would run this company into the ground...seems they were right when this was said back in 2018 at the first VSP. May the odds be in your favor...rooting for you Vteam.

Some in the room have adopted the attitude “just let me survive the Thursday cut and everything will be ok.”

Dan plainly stated “cost reductions will be a way of life for us here”. This is only the first wave. Don’t get comfortable even if you survive this first round. There absolutely will be more RIFs and/or VSPs in 2026 and beyond.

Not pessimistic, just facing realities of the times.

Feeling so uneasy tonight. I just realized that tomorrow is the last day for those who received a VSP. I was lucky but it’s not lost on me that tomorrow will be some’s last paycheck. We lost a total of 4 people in our area and none of them have found new jobs.

If you’re worried, you only have yourself to blame. Don’t blame leaders. The company literally gave a huge buyout last year with VSP and arrogant bozos decided to not take it and now there’s all this turmoil. The company has been in a downward spiral for years and the writing has been on the wall. Look at all the reputable leaders that left with VSP. No lessons learned from the first VSP and countless layoffs and outsourcing since. Did you really think your job was going to be more secure AFTER VSP? You reap what you sow.

EMEA CSG layoff started this week. Already heard from 3 different coworkers. They're also saying VSP is beginning in countries where people can't be easily laid off.

Any other region impacted?

There’s been a huge uptick in troll posts the past 48 hours.

One poster uses the word “value” a whole bunch to oddly describe an unknown Verizon business segment.

Another keeps claiming huge moves, like Sampath being let go - which hasn’t been reported in any capacity.

Just remember, at this point the only thing we really know is that layoffs are coming and our new CEO seemingly pointed to the end of November (~Nov. 20th) as to when his new plan will be placed into motion. Everything else (% riffed, impacted workgroups, potential for VSP, etc.) is all hearsay.

Tread carefully, and know there are a large number of trolls running around getting a rise out of posting intentional misinformation…some of whom likely don’t even work for Verizon.

I took VSP last year. It was a good decision. If you are given an opportunity, do your math and it may work well for you as well. I know this is not for everyone as people are in different states of career or personal growth, but if you are thinking about it, I'd encourage you to take it.

My stress levels went down 90% and I was able to cut my expenses to the point that I am comfortable. I also found another job that does not pay as well but it covers my decreased expenses. Granted, I am close to retirement and the math just worked out.

Good luck!!!!!

They will be reducing the corporate retail store footprint. Some stores will be converting to indirects. With that being said they will be offering Voluntary VSP’s and then eventually layoffs with severence packages. 100% accurate info. Announcements coming November 19th/20th

I wouldn’t be eligible but my boss would be, and I’d love for him to move on. But I’m guessing there’s no way - OxyChem will probably be hiring more if anything.

Traditionally RIFd folks get 1 paycheck for every year they worked. Folks who took VSP got 3 weeks. Would be nice.

This article came out in 2018 after a VSP. It is surprisingly accurate on how things would go at Verizon.

https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html

COP has very poor respect for the workforce if they don't offer a VSP. The older people deserve to be treated with respect and the VSP is a nice way to do that.

Please…I know a lot of coworkers who would take it easily!

Just came through… thoughts/details?

Yes, it's true that RIF is due later this month. However, I heard that since Dan wants to make the org extremely lean, they are also planning for a VSP in 2Q'2026. Anyone heard about that?

Wouldn't that be interesting? Trim the fat once and then trim the folks sitting on the edge again?

Let's say you didn't get RIFed, would you take the next VSP?

Why are we not seeing any WARN notifications? Is Verizon working on another VSP?

It’s the last week before the application period closes.. what are you hearing? Is it as messy as the first wave? Also been hearing some rumors about a possible third wave in 2026 have you heard anything on that side?

I see HCL let the majority of people that came over from managed services go now. Post VSP I look back and am glad I took it. Really hope those whom were part of the HCL cuts make out okay in this economy.

The first time back in Feb of ‘22…the Thursday before Super Bowl weekend. A 15 min invite dropped in my calendar at 7:30 am that Thursday…invite was sent from the Director to meet at 9 am. Was given notice of my Rif and given 30 days to find a new role or leave. Thankfully I found a new role and stayed.

The second time in July of ‘24…had moved to a different role a yr prior at the invitation of a sly director. Same sly director who asked me to join his team the year prior laid me off a year later. “Business update” dropped in my calendar around 9 am for a fifteen minute meeting at 11 am same day. I knew what it was.

But, the second time came with VSP since our group wasn’t eligible to volunteer. So, the second layoff more than doubled the severance offer given on the first layoff.

Found a role to stay, but decided it was time to get of the VZ train. Glad to have found my exit with such a nice payout and was fully employed again within six weeks.

Good luck all. If your number is up, you WILL bounce back! For everyone else, keep riding the gravy train as long as you can, but always have a backup plan.

It's officially Tuesday... is this the week? Someone must know for sure, a lot of chatter on the site. Many large meetings were canceled and almost 60 days till end of year. I really wish the company would just do a yearly VSP instead of rifs. It would be easier on everyone who wants to stay another year or leave.

VSP talks are on-going with unions in France. Some details leaked in the press.
They plan on reducing head count by 20% in France due to shift of focus on A.I.

I know someone who’d take the severance in a heartbeat. Letting them go could save the job of someone who really needs it. Makes zero sense.

I don’t even care how bad Verizon’s been doing lately or what happens next. I’m overworked, exhausted, burnt out, and I can’t stand this place anymore. After years of hard work, I have nothing much to show for it, and there’s no real path upward, nothing to make me want to stay. If they’re planning massive cuts, they should offer VSP first. I’m sure plenty of us would take it without a second thought, bad job market or not.

Exited last August via layoff with VSP. I often return to this board to see what’s happening. Hearing rumors of Oct 23 reminds me why I am so glad to be gone. 20 years in and glad for my gracious exit over a year ago. Bounced right into a new career I love and banked the entire enhanced severance. For those wishing you could go, maybe the 23rd will be the exit you don’t realize you need. Good luck everyone.

Exited last August via layoff with VSP. I often return to this board to see what’s happening. Hearing rumors of Oct 23 reminds me why I am so glad to be gone. 20 years in and glad for my gracious exit over a year ago. Bounced right into a new career I love and banked the entire enhanced severance. For those wishing you could go, maybe the 23rd will be the exit you don’t realize you need. Good luck everyone.

Does anyone else find it odd and totally insensitive that the group of people handling offboarding of VSP'd and ISP'd associates is named the "Execution Team"? Is this just an insensitive error naming the team or is it some type of twisted psychological play by one Penelope Pennington? Either way, very strange and off-putting.

Im seeing posts about this but no departments or business groups named. Im guessing no one really knows and its speculation based on past years? We can only hope for another VSP.

Not sure how it works in US but feel free to comment. Maybe just Allstate Northern Ireland folks. Would you take a 9 month salary Payoff next week if offered or stay and ride it out a while longer?

Thumbs up yes, Thumbs down no.

Genuinely interested to see.

Me, I'd hope for a payoff in 6-12 months but not currently so probably a no

I’d take it without a second thought. If what some people are saying is true, that voluntary packages have been offered to some recently, and that another big round of layoffs is coming by early 2026 the latest, I really hope they roll out a VP company-wide first. Why not? I’m sure plenty of people would take that option.

Seems like there is still speculation around a VSP, not surprising given the age demographic of the RIFed employees (mostly under age 60?). Anyone hear anything, or is this wishful thinking?

The company should offer such a program so people who are willing to leave could have the option and reduce the size of layoff.