44000 voluntary severance packages 2500 IT transfer to India Anyone from Verizon care to explain what things are like at Verizon? Sign of things to come? https://www.wsj.com/articles/verizons-severance-offer-goes-to-about-44-000-employees-1538587179
gogo infy
They took an Oath to cut jobs.
Make India Great Again! 🇮🇳
Trump is the single biggest reason why high quality jobs are moving out of the US. Verizon is not the only company this is happening at. Every single law, every single executive action signed by Mr. orangutan serves only the elites.
This was caused by too many employees and processes that are going to get cut at some point in the future. The landline IT group lost the most to Infosys because their functions are steady and in decline, and it was better to outsource those particular IT functions first because landline as a whole is a declining business. The employees can sink or swim at INFY but they get paid the same rate as they did at VZ. During this one year they are free to look for something better. The rest of the employees in IT, Finance and Marketing may have gotten some form of voluntary severance package offered which is attractive to a wide spectrum of employees. The ones in their 50s and almost 20 years of service make out like bandits. Once the volunteers leave, there will be more layoffs and rebadging given to IT in wireless and other VZ divisions, but they may not get the same offer as this voluntary package.
I’m in the advanced tech for wireless so I function within the scope of iOS&Android hardware and software repair and troubleshooting for network problems. I work from home now since our building closed. Our regional HQ announced in the first quarter we would be given three options. 1) Work from home 2) Relocate and take $10K 3) Severance Pckg. I make six figures and work 65-75 hours so lots of overtime and I don’t want the management role whatsoever I kill it on overtime and we have tremendous benefits and I’ve been here 7 years now
What are some of the benefits that makes you stay?
$8K tuition assistance just pass and it’s free. 6% match 401K Profit share annual bonus Life/Health/Dental/Vision short/long term disability, 50% off wireless service and tremendous pay for overtime and all the on the job training. Working with the most relevant piece of technology the iPhone/Android
Overtime is available every day in my group and I work 100 hours of OT per month bc beyond 50hr a week it’s 2x rate so I can make a good income from it
I function within the scope of iOS&Android hardware and software repair and troubleshooting for network problems. I’m putting in the work of 2 employees overtime is a volunteer basis
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I heard that Verizon sold off one of its IT arms to Infosys. Since in trump era its hard to "fire Americans" Verizon gave "voluntary severance" rather than the chop. All those jobs will now go to Indians. This is again a proof that Trump is a fraud and this whole thing of "hire American" is actually a vote gimmick nothing else. The big and powerful like Verizon will always find a way to save money by outsourcing to Indian (or Chinese) companies.
This has literally nothing to do with Trump
Still shocks me that anyone fell for that “make America great again” bullshit. Suckers..... Trump has appointed more corporate lobbyists in his first year than Obama did in all 8.