Latest in Verizon Voluntary Separation

Verizon VZGal
Nov 24, 2018 19 Comments

For those who follow Verizon, you know that in an effort to transform the company to be more agile for 5G, they offered a voluntary separation offer to ~44K employees, which would give them 3 weeks of pay for every year of service, etc.

Perhaps to their surprise, they were hoping for a 10-20% take rate but ended up getting a 30-40% volunteer rate.

Some VPs have been telling their teams that they wonโ€™t hold anyone back who wants to leave. Furthermore, the goal was to get most volunteers off the books by the end of the year, with others being asked to stay through Q1 or Q2 of 2019.

Employees who were told by their leadership that they would be approved had an incentive to volunteer and start seeking immediate employment to start in January.

With a twist, these VPs were recently told they could not backfill anyone (or only a small percentage) whom they approved to leave. However, if someone were to organically depart (via accepting a new job or retiring), they would then be allowed to backfill those positions.

With this, employees who they knew were seeking employment or had landed a job externally (as encouraged by their leadership to do) are now going to be denied the separation package. The reason for denial is to allow them to keep their headcount via backfilling these employees who are set to leave on their own accord. This is a very deceptive practice and selfish on the part of these leaders. I hope Verizon reverses their stance as I hate to see my fellow V-Teamers treated in this manner.

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TOP 19 Comments
  • Undisclosed FastPapuan
    TC and YoE or GTFO.
    Nov 24, 2018 1
    • Undisclosed ShaFra ๐Ÿˆ
      Wtf... You GTFO dude ! Be human & at least and let people say what they want to...
      Nov 24, 2018
  • Why does the layoff has anything to do with 5g?
    Nov 24, 2018 3
    • Verizon VZGal
      OP
      Itโ€™s the corporate excuse. Itโ€™s really about cutting costs to fund the dividend and reach their $10B goal by 2022.
      Nov 24, 2018
    • Sorry to hear this. This is just greed. Someone from upper management will claim they saved the company millions and get their bonus for the year.
      Nov 24, 2018
    • Verizon XobO37
      Not so much greed as incompetence. Verizon has kept many bad employees over the year because it makes it almost impossible for managers to get rid of bad people. Verizon really does have 20% of the people doing 80% of the work. They put this voluntary separation together to help get rid of dead weight but they are really going to be losing the best 20% that are severely underpaid.
      Nov 25, 2018
  • New tLFu71
    V is an absolute shit and toxic company. All those denied should sue.
    Nov 24, 2018 1
  • Verizon VZ 2.0h!
    Typical of VZ though. December is going to be a mess.
    Nov 25, 2018 0
  • Verizon UhEj32
    Any confirmation of revoking VSP for those that took the package? I've heard that everyone will get it but a team with many departures will need to stagger each one between Dec 2018 and Jun 2019
    Nov 25, 2018 3
    • Verizon VZGal
      OP
      Itโ€™s quite the opposite. As of now, 2/3rd of those who applied will get denied due to the overwhelming response by employees wanting to leave.
      Nov 26, 2018
    • Verizon jlTI16
      That's so fucked up. It's like filling for divorce and have your spouse say no
      Dec 2, 2018
    • Verizon VZGal
      OP
      Ya know? Corporate greed at its finest... After I leave, Iโ€™m switching to T-Mobile
      Dec 2, 2018
  • Verizon jlTI16
    I don't know if TMobile is any better though. Their CEO is an asshole
    Dec 2, 2018 0
  • Facebook Happy_dog
    Sounds pretty typical of an American telco.

    Then once not enough people take the VSP they will have non-voluntary lay offs.
    Nov 24, 2018 0
  • Apple Kim cook
    I thought they were going to transfer people to some Indian company.
    Nov 24, 2018 1
    • Verizon VZGal
      OP
      Theyโ€™re doing that as well. This is incremental to that effort.
      Nov 24, 2018
  • Verizon UhEj32
    It seems like voluntary separation will be the way in a lot of firms going forward. GM just did it as well.
    Dec 2, 2018 0
  • Verizon XbVH67
    Those left behind are going to have a tough time once the 6/28 departures complete. Because in some instances, the lionsshare of knowledge will be walking out the door for a particular customer. Once the dust settles, then see how the layoffs are handled.
    Jun 27 0

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