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
#2That is 10,400 out of 152,300 per the article, or just a bit less than 7% of their workforce.
Re: Verizon says to shed 10,400 jobs by mid next year
#3They 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...
Re: Verizon says to shed 10,400 jobs by mid next year
#4They 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.
Re: Verizon says to shed 10,400 jobs by mid next year
#5They 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...
It sounds like they were offered that in lieu of a less favorable outcome...Also 3 weeks per year of service is in my experience less than standard.
Re: Verizon says to shed 10,400 jobs by mid next year
#6They 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...
Is this not just the same thing but with golden handshakes? Still looks like cost cutting.
Re: Verizon says to shed 10,400 jobs by mid next year
#7They 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...
It sounds like they were offered that in lieu of a less favorable outcome...Also 3 weeks per year of service is in my experience less than standard.
I’ve seen 2 weeks at a lot of places.
Re: Verizon says to shed 10,400 jobs by mid next year
#8Supply-side economics in action.
This is what you get when the theoretical underpinning of your government is a napkin.
http://americanhistory.si.edu/collections/search/object/nmah...
Re: Verizon says to shed 10,400 jobs by mid next year
#9Supply-side economics in action. This is what you get when the theoretical underpinning of your government is a napkin. http://americanhistory.si.edu/collections/search/object/nmah...
?
Re: Verizon says to shed 10,400 jobs by mid next year
#10I read on the Layoff they had about 11.4k applicants, and 90% of them were accepted. Looks like the first wave is out starting Dec 28th.
With such a large cut it would be weird to be rejected, I would feel an awkward mix of jealousy and loss to go back to work afterwards.