How important is this for us? Sounds huge... Verizon to Build Next-Generation Global Network for SAP https://www.nasdaq.com/article/verizon-to-build-next-generation-global-network-for-sap-cm1025407

Would it make sense to consult an employment lawyer (in a case if I get axed). I am thinking that we do not have any chance of fighting Verizon in a case of layoff but at the same time I feel that they will go after older employees and that there may... — read more 

Just wanted to start a thread, a bit ahead of time but 2019 is almost upon us. Good luck my Verizon peeps, I doubt I'll be around but will (often) come back to check this Verizon Rumors thread.

Still nothing,this must be a great verizon hoax on the very same people that they have screwed over since 2006.will check again tommorrow

https://www.huffingtonpost.com/entry/pensions-for-ceos-only_b_9654276

Pittsburgh offices got the $50K severance two weeks ago. Would love to know if anyone who accepts will get it.

There is an "ACTIVE" button right above the first thread - you can use it to see what posts had recent replies.

Hit record levels again. http://www.pionline.com/article/20180827/ONLINE/180829857/us-corporate-pension-buyouts-hit-82-billion-in-second-quarter-8212-survey

It kills me on the expectations they have on this day every year. Last year, we did not have 1 single person waiting in line at open, but here we are again opening the store 2 hours early, 100% staffed just for another normal slow day of business... — read more 

When something happens you will know. That is if something happens. You'll see ten new threads posted here within five minutes. Until then, take a deep breath and relax. You stressing out over it will not make this happen any faster than it is... — read more 

HR is meeting at 9 am ET with Directors and above to convey the package about to be released on Friday, 9/21. Also, to address any questions in advance. Is this already happening? Do we have anybody on this board who might get the inside info on what... — read more 

If it is true they started yesterday (Dallas post,) then we should hear more about them today. I would be grateful for any info people are willing to share. What is the base offer, is there a cap, what are the terms...anything and everything. This... — read more 

Vdsi. Just relax and take your vacation before you are informed about rebadging and layoffs.. Not at all worth working here any more.. Amma has spoiled the culture..

Announcement this Thursday...

Many VDSI India folks have got fat Retention Bonus. Does that mean those projects that these folks work is not going to be outsourced? Does the Management thinks that only these folks who have been given Retention Bonus are the only ones who carry... — read more 

What's the negative impact? I think that we agree that the positive impact may be expected on the cost cutting side, so it'll be cheaper (some doubt this, but for the sake of this argument let's assume that there will be some savings)... Yet, what's... — read more 

The cost savings Hans promised will come from Outsourcing and then a RIF to make up the difference. Don’t see much chance of a buyout.

I am appalled with people are discussing on this blog - it's not right and posts are loaded with confidential Verizon information. This information is proprietary to Verizon, henceforth it should NEVER be discussed in a public forum such is this... — read more 

I have spoken to many people who have 30+ years in the company regarding the rumor of a buyout and for them there seems to be a simple consensus. If the offer is capped at 60 weeks it is just not that much more than 1 year's salary. They would rather... — read more 

Folks , No more riff or batch changes........ dont get on rumors. work silently & carry on.. all r gone ... Amma going to declare soon,,, saying all r rumors ..

When I originally started hearing about the buyout, the rumor was that it was going to be 2 years severance, so for someone who is mid-late 50's with 35 years, 35 x 3 weeks = 105 weeks ( 52 x 2 =104) so maybe they will cap at 2 years severance? Let's... — read more 

I and all other level 5's and above in my department have been invited to on Wednesday (9/19/2018) during which we will get info regarding a "employee program that will launch next week."

Was this published? If yes, where can I find that agreement between Infosys and Verizon?

I wonder why...

Guys take long leave.. enjoy the vacation.. Don't worry unnecessarily..life has to move on.we can't expect retirement in Verizon..please Be happy always

The one person who say they did is obviously a troll. If something is going to happen, it was not announced today. Which means that we are looking at a full week of speculation and anticipation until Friday arrives and we finally figure out if this... — read more 

Six weeks pay for every month worked, no cap. Enjoy your paychecks while you can.

We’re losing great people each week. This could have been prevented. The culture here, including years of allowing bad behavior, needs to change.

The company serverance that you sign for prevents you from getting umemployment. Even if you successfully convince the unemployment dept that you were let go, they eventually catch you when they contact Verizon. I know many people who tried and... — read more 

Several managers in Boston heard on Friday 3 weeks pay per year of service NO CAP 35 weeks FREE COBRA off payroll 11/1, 1/1 or 6/30. FEDEX package to Home on 9/17. Pretty special info. Anyone confirm same?

Ironically if Verizon hadn't frozen managements pensions in 2006 many of the older higher paid employees that they want to get off the payroll now would have had enough money years ago too retire and would no longer be on the payroll.

Retention bonuses were given in IT last week. I have personal knowledge of this.

I doubt there is a 60 week cap. Reason-60 weeks is only 8 weeks more than a year. I have been here way more than 20 years and firmly believe that I could survive for at least the next year. So 60 weeks pay and 35 weeks medical as opposed to having... — read more 

Anyone has experience with Sedgwick? Any advice?

I just got off a team call with my VP. She too has heard the rumors and inquired with Senior Leadership. She was told "There is NO Management Buyout being offered!" This is all a hoax. There will likely be a RIF in November.

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