No info communicated that I have seen about future severance changes. If left unspoken informal it creates more confusion for those deciding on voluntary offer. Is more info to follow?
How come no offer for my dad?
He's been with Verizon for at least 25 years (can't remember exactly when he started, but I know it's not under 25.) I can't understand why he would be left out, if everybody with over 20 years was supposed to get this buyout offer. Or did I... — read more
Employment class action lawsuit
The buyout is only offered to those NOT chosen to transition to infosys, retained as Verizon Employees. Which means anyone with 20+ years that does t choose to take the job at Infosys, will not get the same package offered to retained Verizon... — read more
See only threads with replies
There is a big blue ACTIVE button just above the first thread link. That will show you threads sorted based on which had recent replies. Reviewing this can help us not start redundant threads.
Courage in Leadership
This is a very good move. Hans is doing what is best for the company. The offer given to the employees is generous. I know , I would not have been this generous. This is called leadership and sometime tough decisions need to be made. What was done is... — read more
EPP Program
What will happen to those who are enrolled in EPP program? I switched over to EPP 7 months ago when they had the deal for iphone 8 plus free with iphone x. Now I still have $1350 left as balance and they are saying EPP is removed? Thats outrageous... — read more
Offer Email
Here is what Hans emailed this morning... —— V Team, Today we are announcing a Voluntary Separation Program for a select group of U.S.-based management employees. This enhanced separation program will afford us an opportunity to find more... — read more
XO
Anyone else from XO here? I just got an offer about 10 minutes ago. What are other people seeing?
Hans’ Email
The offer is real. No more speculation. Email from Hans arrived at 10:06am with a link to a message with details from Mark Reed.
https://aboutyou.verizon.com/voluntary
You need to be on the internal network: https://aboutyou.verizon.com/voluntary
Hire an employment attorney
If unsure about what to do, so not listen to random anonimous posts on this site - hire a professional, an employment attorney to guide you through any areas where you need more clarity. May be a bit pricey, but overall having some legal support will... — read more
If you don't know by now it's true...
...you were not meant to receive an offer. That simple. Those who were, know already.
Enjoy it while it lasts senior managers :-)
Is there anything more sad than the group Verizon calls "Senior Managers"? This elite group of poor performers are mostly made up of leftover people. They've aged their way to the top of the loser pile and literally don't ever want to move. They are... — read more
Voluntary Seperation Program
So the package is real and they have announced options for 1000's of employees! Hans the CEO communicated today linking employees to a micro site to see if they qualify
What is the truth?
Can we finally determine what was the truth and what was fiction? Buyouts? Layoffs? Both? None?
More info about going to Infosys
People going to Infosys will have comparable pay, benefits, carry over their time, etc. - for one year guaranteed. After that year, who knows. Another call is coming about the program being offered - basically a volunteer package to leave, so at... — read more
Transitionin to Infosys - email from Shankar
I am in VZW IT and got the email from Shankar that I have been identified as a member transitioning to Infosys. Oh Well I’ve just read this on another thread ( @VjAoEqI-euk). Still can’t believe it, kind of hoping this is just a big hoax. Anyone else... — read more
Package Announced
Package has been announced for all U.S. employees.
Non-existent Management Buy-out
My hats off to the master troll that worked everyone up to a frenzy over this fictitious offer. Well done!
Store rep here
just took a package
Verizon ---> Infosys
It is declared ....
Layoffs !!?
Is this true .. layoffs happening today 09.24 ?????? Nervous
VDSI india New hiring
What about new hiring in VDSI ? Why they are hiring ?
How is weekly calculated?
Is the buyout weekly based off your base pay before the sti or after. So if I make 100k on paper including sti will they base my weekly off that amount or 88k is which is what my 2 week salary is based off of. And before anyone says it’s not true... — read more
Meeting invite sent after markets close and is set 8am before markets open
I think that whatever is being announced might affect the stock price which means something big
Is every employee getting the buyout offer on Monday?
Or is it for employees with certain number of years of service?
Verizon: Always on the eve of the next announcement of cuts
People outside of Verizon think that it's an extremely "stable" company with lots of job security and promise. However, what those inside know is just the opposite. Instead of working for a company that is on the eve of the next announcement of... — read more
is the fios build out in n.y.c slowing down
Or are they preping for 5g to be rolled out
VDSI Options
For other than those who got Retention Bonus, Will there be an Option given to VDSI folks to choose between Rebadging and a Package-Offer?
VZ Morale
There used to be high employee morale - VZW was an exceptional company to work for. Happy employees made for productive employees. Things turned when Lowell took over as CEO. The company started to care more about penny pinching than they did about... — read more
Infosys...after rebadged
Ok. So if u have to move to Infosys. What happens to your pay. Do you get a bonus. Does vacation. Stay the same. Or are you like a new employee there.
Verizon NJ and Verizon PA announce Voluntary Special EISPs
Verizon NJ and Verizon PA announce Voluntary Special EISPs Verizon-NJ and Verizon-PA have announced Voluntary Special EISPs Verizon NJ September 10, 2018 packages will be distributed. Sept 17, 2018 the volunteer period will begin. October 16, 2018... — read more
3rd Quarter Eisp for Verizon
3rd Quarter Eisp for Verizon Attached is a listing of surplus declarations in Potomac. The Company intends to offer the EISP. Volunteers will be accepted as necessary to meet business needs. Also attached is a listing of employees who will receive... — read more
How will medical insurance work
I have a procedure scheduled for next Tuesday. Will we have active insurance then?
Verizon Voluntary Separation Package
Monday is the day for the announcement. Should employees take it or leave it>?
Just rumors?
I went back through this board to see when these outsourcing rumors started. It looks like they started around the time of Hans becoming CEO. First, it was IBM, then it switch to InfoSys. I doubt anyone would have known four months ago what Hans... — read more
Verizon and what use to be
This decision is not an easy one to make. The newbies including our new leader can't understand that for some of us long timers we have put in blood, sweat and tears over the years to grow this company to what it is today. This is not just a job but... — read more
New Executive Bonus Idea...
If the c suite and their immediate underlings do a really great job.. Will they be given the chance to run through a warehouse for 30 seconds collecting fabulous prizes? Maybe a discount to Applebee's or Great Adventure? I guess you would have to... — read more
Any VDSI Bonus
Any one knows if VDSI folks get any bonus when we move to Infy ?