So.. they finished laying the groundwork for their 5g network, and now they won’t need 7% of their workforce until 6g starts to go in 6-10 years?
Verizon says to shed 10,400 jobs by mid next year
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Re: Verizon says to shed 10,400 jobs by mid next year
#12At least the described severance benefit might be on the correct order of magnitude to be considered reasonable and not totally and odiously evil,
“As part of the separation program, the employees will get a salary of up to 60 weeks, bonus and benefits, depending on the length of their service, Verizon said.”
This is why I always advise people to negotiate significance severance benefits up front, on the order of 6 months for junior employees, a year + bonuses and continued benefits for experienced employees.
Companies absolutely agree to severance amounts like this, even for new grads, and sayingno to a company that won’t is just doing yourself a favor.
Re: Verizon says to shed 10,400 jobs by mid next year
#13They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
They aren't laying off people, it was a voluntary separation
It's just another layer of corporate double-speak.
The same way "fired" became "laid off."
Until the early 90's, "laid off" applied to factory and seasonal workers, who were expected to be recalled when production ramped up again.
Re: Verizon says to shed 10,400 jobs by mid next year
#14They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
Just semantics. But telecom companies have been in the business of shrinking since ATT split up in 1984.
Re: Verizon says to shed 10,400 jobs by mid next year
#15They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
"voluntary separation" might as well be lay-offs, because if they didn't get enough volunteers they would have laid people off without giving them a package.
Re: Verizon says to shed 10,400 jobs by mid next year
#16They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
Of course they are. Many, many companies offer a “voluntary first” incentive to avoid the bad press and services they might otherwise have to provide to laid-off people. Jobs went away. Sugar-coating the exact method of ending the jobs doesn’t change that.
> Of course they are.
Why? Because you say so? We should ignore the literal words of the press release in favor of something you think may happen?
In fact, the structure of the the offer is one that offer's a far greater incentive to those with a lot of seniority vs those who are newer. If we assume that many of these might be technician jobs under a union contract where more years of service equals higher pay, they could have more senior workers take the package, immediately hire new employees and save a decent amount of money.
Granted, I've only seen that strategy in practice with municipal workers, but it makes no more assumptions than you do.
Re: Verizon says to shed 10,400 jobs by mid next year
#17Putting the tax cuts to work, I see...
Edit: I must have already triggered some right-wing snowflakes
Re: Verizon says to shed 10,400 jobs by mid next year
#18They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
They aren't laying off people, it was a voluntary separation It's just another layer of corporate double-speak. The same way "fired" became "laid off." Until the early 90's, "laid off" applied to factory and seasonal workers, who were expected to be recalled when production ramped up again.
I don't really think it's doublespeak.
Laid off means an employer doesn't want/need your position anymore.
Fired means an employer doesn't want you anymore.
Re: Verizon says to shed 10,400 jobs by mid next year
#19They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...
They aren't laying off people, it was a voluntary separation It's just another layer of corporate double-speak. The same way "fired" became "laid off." Until the early 90's, "laid off" applied to factory and seasonal workers, who were expected to be recalled when production ramped up again.
>> They aren't laying off people, it was a voluntary separation
> It's just another layer of corporate double-speak.
No, it's really not.
Re: Verizon says to shed 10,400 jobs by mid next year
#20Earlier quoted context omitted.
Of course they are. Many, many companies offer a “voluntary first” incentive to avoid the bad press and services they might otherwise have to provide to laid-off people. Jobs went away. Sugar-coating the exact method of ending the jobs doesn’t change that.
> Of course they are. Why? Because you say so? We should ignore the literal words of the press release in favor of something you think may happen? In fact, the structure of the the offer is one that offer's a far greater incentive to those with a lot of seniority vs those who are newer. If we assume that many of these might be technician jobs under a union contract where more years of service equals higher pay, they…
> We should ignore the literal words of the press release
As a general rule, this is a good idea.