Topics regarding layoffs at Verizon Communications Inc.

Topics regarding layoffs at Verizon Communications Inc.

Bonus target

Anyone know if bonus is on target to be paid out at 100%?

Ambivalent

I’m one of the 20 year - old timers (near retirement age) who has checked the box. I feel like a bachelor contestant in that I don’t wish to be picked to leave, but then I will disappointed if I’m not picked, so I’m ambivalent. I like my role and... — read more 

What reasons would your VSP not be accepted?

I clicked it because I need change and so does Verizon. Does anyone know of reasons why VSP would not be accepted? I’ve only been here 5 years and have good reviews, just ready to take this as a chance to get out and get a fresh start somewhere... — read more 

Talent refresh

A lot of VPs have described the VSP as a talent refresh. What chances do some of us stand to move to different positions via promotion post VSP in September?

And now we wait.

Those who pushed the button wait to see if they were accepted and what their off payroll date will be. Those who are sticking around wait to see who leaves, how much more work they’ll pick up, and whether or not they’ll be laid off. Waiting sux! — read more 

A little financial advice for those leaving-

Do not make this mistake that I almost did. You can go ahead and roll your Traditional 401K into an IRA without any issues and it has better choices, more options for getting your money in various payouts you can customize. You can also do nothing... — read more 

I opted for VSP

If I’m refused, then get RIFed, am I getting that famous enhanced package?

Layoffs 7/19

Is it true there were layoffs on 7/19? Is it true Value had impacts?

CMO Org

Heard there were major org changes announced today. Anyone have any details? Who is moving where?

Not so many people opting for VSP?

Is this true? I’m surprised, frankly. We can expect massive RIFs immediately afterwards in order to meet cost-cutting targets. Is there some not so obvious reason people are not taking VSP? I want to take it, now I’m wondering if there’s something I... — read more 

VZ Connect

Vz Connect (telematics) doing what they do best, laying people off today.

VSP Reminder Today

Hey folks... you will get a VSP reminder again today that the opt-in closes tomorrow. Take rate has been low so far, and I am hearing that on Monday HR will start drafting plans with leadership for a RIF for the significant gap needed to close Salary... — read more 

VSP - paid personal days in MA?

Does anyone from MA know if unused personal days are paid out? Or anyone from the 2018 VSP out there from MA that remembers if they did?

VSP- who would decide the end date

Hi regarding the end date, whether it’s September, end of the year or next March, is it decided by the managers or maybe higher level like sr directors?

Flashback 2016

https://speedmatters.org/news/safety-violations-run-rampant-verizon-fails-maintain-network

VSP - 1 year from retirement age do they negotiate?

I am 1 year away from age + YOS = 75 to retire where I can have access to benefits as a retiree. Does anyone know of any one successfully negotiating them to forgo that last year, if they would I would take the package.

Rumor mill

So guys on the otherside of the river are claiming they heard that there maybe a eisp package offered in September off payroll by November.I mean can anyone that actually knows anything actually just tell us .Its rediculious that its like a waiting... — read more 

VSP Age and years of Service

Will they be releasing people from the top down starting with age oldest/years of service first, regardless. This is what is on our offer and FAQ - I am hearing now it doesn’t matter, older 50+ tenured person on high profile job stays, younger on BAU... — read more 

VSP Make the right choice for yourself.

But don’t act out of fear of being laid off later. That sword of Damocles hangs over any and everyone who works without a contract at any company. Even with a contract layoffs happen. If you’re close to retirement take the vsp. If you’re... — read more 

VSP, RIF and standard vs. enhanced package

If you were eligible for VSP and declined to volunteer and are later RIFd (whether before end of March or not), you get the standard package. If you were not eligible for the VSP and you are RIFd before end of March, you get the enhanced... — read more 

Making heads or tails of the VSP timeline

We had about approx 2 weeks from the announcement to when the window opened to volunteer. Then, they give us 5 weeks to push the button. Then they give us a week to change our mind. And then they take 2 1/2 weeks to let us know. Why? I think some... — read more 

vsp rumor

any vsp scoops or rumors out there

Standard RIF package vs VSP

Anyone know what the standard RIF package is for Band 6 compared to VSP? I’m hearing 2wk/yr vs 3wk but is STI or stock together usually included too?

Your pension definitely at risk

https://pensionrights.org/resource/what-happens-when-a-pension-is-transferred-to-an-insurance-company/ So i would look closer at this info its very interesting When verizon secretly gave our pensions to prudential they fkd us good its is no longer... — read more 

Verizon HCL All Hands Call today was a warning shot

Please read the last sentence before you tell me to post this on the HCL forum (which I also did). Just trying to reach the rest of the folks here. So here is what I got out of the call (my director also held a meeting to clarify). We are 9 months... — read more 

VSP notice

What are the chances that we will know before Aug. 14 if we have been accepted or not?

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