I heard a rumor in the office today that the next round of layoffs is September 24th. Has anyone else heard this?
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Let’s say your role is impacted by the rumored layoffs on 9/24, and you’re off the books before the new year, do you still get your bonus, or is that forfeited?
@dh you get the VAC time as someone already answered, but you won't get your personal time, so make sure to use those and bank as much vacation time as possible. You never know when the chord will strike.
@db 73 points under an involuntary separation, 75 points otherwise. You can find documents with details in Netbenefits.
If your position is posted in Bangalore, India.........you know what's coming. 😂
Every month until there's no humans left.
@e5 its being renamed stuck together and will be used to give people free tamp-ns
There’s a reason that even one month out, they still refuse to give details on stock together
https://x.com/realdefender45/status/2093150062935154973?s=48
follow this account, let everyone know what's going on at VZ. Nothing new here is for me, but people start noticing.
@dh Yes, unused vacation time is paid our upon separation, I got all my 300 hrs paid.
What about unused vacation time? Does that get paid out or is it use it or you lose it?
Just look and see if they are hiring for or had been hiring for your position in India, if so, then yes, you will be laid off on the 24th. That is the way it has been since Dan the Man has taken over, just look at GNT. GNT has lost 40% of their engineering and engineers to India? They have hired a whole new department in Hyderabad India that mirrors my team, and asked several of us to "Train" our new "Global" brethren?? I do limited training, but 85% job hunting now. F@&k VZ and wanting me to train my replacement! They will get what they pay for, an F'ing train wreck of Indian proportions!
Remember the Credo: “your best was good enough for today, you may no longer be needed tomorrow”.
@d6 what are the requirements to be “retirement eligible”?
@d1 If not retirement eligible, then you will vest in a prorated portion of your unvested RSUs based on the number of days you worked prior to the next vesting date - rest is forfeited. (paraphrased from an actual severance doc from 2024).
Bottom line - it's a prorated payout for a rif. If you are retirement eligible, then it all becomes fully vested. If you quit or terminated for cause - RSUs get cancelled, no payout.
@av so that means if u get laid off in Sept u don’t get RSUs owed in q1?
I love constantly walking on eggshells and living in fear for my job! It’s so motivating!
@av unless you are retirement eligible. They vest immediately in that case.
@OP The timing tracks to be off book before November.
Dan's contract run through end of 2028 - that would be the target year for Elon to sell 5% of Spacex to buy up VZ...... lean machine run by AI and lead by delusional execs that are living high on the backs of the employees that are left.
Just CUT the FAT, drain the swamp. Whatever you want to call it - stock at 75 makes me richer.
@a8 as Someone recently impacted, they take the (prorated) RSUs back right on the day you're let go.
@a5 wasn’t Dan the Man extended another year or two?
Rumors, not rumors work as the best you can. VZ has been doing layoff for years, and specially during the Holidays. Nothing that you can change, it is not by performance, sometimes it is of who you know.
Bingo!!! Thanks for reminder
Off payroll on Christmas! Great move big red
i’m an avp and i am scared. whenever my team fills out a pulse survey, i’m super scared but this is like p-e your pants scared. or p00p your pants scared. i love my team, we do so many fun things together. last week we played musical chairs and next week is a cakewalk. and i must reschedule my skip levels five times so i can get botox. its my mental therapy sweetie!
Just before the October Stock Together grant Makes sense it'll happen on the 24th
Been in Vz 40 years ... took package... Vz layoffs can occur every month in a department.... Vz made tge big slash with rhe 13,000...past history dictates incremental reductions throughout the year.
Frontier integration in December and the lack of communication from Vz Executives says it all.. they don't care about culture. All about 2027 exit plan.
Dan leaves and his Paypal crew all leave with their short term incentive bonuses.
Just put health and family first and max out hybrid/remote.
Remember tge CEO works from a barn in a remote location not in Vz footprint.
Focus on man in mirror.