Verizon is outsourcing its IT. Sent early severance letter offer to 44,000 workers.

[Honeycombe8]

Verizon is outsourcing its IT to Infosys, an Indian multinational company. It will be getting rid of thousands of workers. It wants to cut $10 Billion in costs. It is offering early severance packages to those who will take them.


https://investorplace.com/2018/09/verizon-early-retirement-plans-info/

https://www.bizjournals.com/newyork/news/2018/10/04/verizon-trims-workforce.html



How's that for "making America great again"?

[Initech]

1. Jobs! Jobs! Jobs!

[PoindexterOglethorpe]

2. In the long run it will cost them more money.

Companies keep on discovering that outsourcing is not always the best thing to do. The new employees are from a different culture. Their English skills may be lacking. They won't have worked on whatever the project or program is, nor will anyone around them have any experience. They'll make mistakes. Customers will be alienated. It's the tight focus on the bottom line that is so wrong.

[mnmoderatedem]

8. as a career IT worker, I concur

there was this IT outsourcing craze in the early/mid 2000s. It went over just like you described and really fizzled out. Surprised they are doing this.

[retread]

18. As long as the executives get a bump in stock nothing else matters. n/t

[HAB911]

49. I was with a previous AT&T company

we outsourced some engineering to Mumbai.

First problem, they had to work ET to interface with our engineers and no buses ran to get them to work at that time of day

Second, if they could get to work, their offices were in a bad part of town not safe to travel in at those hours.

They provided competent engineers but it was a failure

[roamer65]

3. We tried Infosys.

Big failure.

[Honeycombe8]

28. Really? I guess Verizon doesn't care. It surely did research on others who have used them.nt

[democratisphere]

4. Already replaced Verizon TV, wifi and phone with Spectrum.

Good time to replace Verizon Wireless with Spectrum too! Verizon is an Anti-American worker greedmongering corporation.

[dembotoz]

10. Um spectrum wireless is wholesale Verizon

In the business... Would be careful with spectrum wireless

[democratisphere]

46. Why?!

Verizon wants all Americans to sign up for their wireless service while outsourcing most of their jobs to slave wage nations.

[dembotoz]

48. To be competitive spectrum needs a wireless play

Or that is how they feel.
If u can't build a network, rent one.

[brush]

5. It's what repugs (corp. CEOs) do. They outsource jobs to go cheap.

Last edited Fri Oct 5, 2018, 12:42 PM - Edit history (1)

Fuck American jobs even though they were making huge profits.

It's never enough. Hope the deplorables who lost their jobs blame it on the repugs. They can't blame Hillary or Obama now after two years of trump.

And where is their hero riding to the rescue to save their jobs like he did the Carrier Jobs?

[oberliner]

16. The CEO is Swedish

[retread]

20. Hence the heavy investment in Ericsson infrastructure.

[brush]

25. WTH does that have to do with it? The jobs being lost here aren't Swedisn.

Stop with the irrelevancies.

[Yavin4]

6. They don't care if it doesn't work.

The move satisfies the shareholders if only temporarily which mean that management gets bigger bonuses. If things go to shit, just hire someone else to fix it.

[Hekate]

7. MAGA!

[smirkymonkey]

9. Yes, all those sweet, sweet tax cuts are really trickling down, aren't they?

Bastards. Who didn't know that this wasn't going to happen?

[dembotoz]

11. The telcos are betting the farm on 5g

A major change in product line and service offered.
Details are very limited to the masses, but I would anticipate this move is in keeping with that goal
Gonna be a bumpy ride .

[Honeycombe8]

29. Yes, I think so. AT&T is gearing up big for 5g, too.

They expect 5g to be a game changer. They've rolled it out in some cities. No word yet on what it costs or how it's working.

[Achilleaze]

12. "Me & my KGOP republican cronies take full responsibility." - Dirty Donny* (R)

* aka republican Draft-Dodger-in-Chief

[Honeycombe8]

30. I'm not seeing any YUGE tweets on the Verizon loss of jobs by him. No surprise there.

Lucky him...there's a yuge distraction with the Kavanaugh confirmation.

[leftyladyfrommo]

13. Yep. Things are going great. nt

[JustAnotherGen]

14. It's not just IT

It's all "management". I bolted in January from the Wireless side after 12 years.

IT is a teensy tiny portion of this RIF.

And it IS a RIF wrapped up in a "3 weeks for every year" buy out.

The sad thing is - you have people who started out in the stores or in Customer Service 20 years ago and VZW is all they know. My worked prepped me for newer (big data) technology. My experience prior to working there gave me a strong feel for pre IPO street fighting technology. So I kind of never really "fit in" with the culture. IE slow to change too much time in analysis paralysis.

An Administrative Assistant is considered Management.
An Analyst in Marketing, Ops, Finance is considered Management.

They started turning Call Center Positions into work from home agents in Q4 2017.

Folks - the writing is on the wall.

The party is over.

And it's not Hans who triggered my wake up call. It was when the CFO of wireless was pushed out in 2016.

THAT guy told us the truth. They didn't want to hear the truth.

Veritas (Verizon) my ass.

What sucks for IT is those folks who held on for 10, 15, 20 years literally just lost their years of service. They were "rebadged" and aren't eligible to opt in for the layoff/RIF.

Party is over.

[HipChick]

15. Wow..that sucks..

[retread]

19. Not just "management" either. When in our 20's, 30's, and 40's we are raising families and paying

bills(cars, homes, etc.). When we reach peak earning years in our 50's we are ripe for RIF's.

Their Holy Grail is AI workforce. Little "overhead"; just fly your private jet to your summer/winter mansion and count your money.

[erpowers]

21. What Is RIf? n/t

[JHB]

22. Reduction in force

Permanent layoffs

[Le Gaucher]

24. Were you in the Basking Ridge Office?

I was a consultant to Verizon Wireless at the Alpharetta Office for a few months before quitting my gig with Pega..

[JustAnotherGen]

36. Yep

Devices, then Voice Products, then Compliance/Risk.

I love my employer now. What a breath of fresh air. Even with all of the challenges for manufacturers - my head spins at the difference in how we work WITH each other, the level of respect, the growth, the conscious decision making, 15 year plans, etc. etc.

They spend so much time on Powerpoints and schmaltzy bullshit that no one is really going to the mattresses for the customers.

[Honeycombe8]

32. Makes sense. I have no idea how many IT personnel it has.

So sad. That's a LOT of jobs lost. Yeah...those who are offered an early package need to take it. The first ones out would be in the best position to find a new job, I should think.

You were savvy & bold to catch the hint and move out, when the gettin' was good. That's a hard thing to do.

Why would an IT guy with 15 years of service not be eligible for the early severance package/RIF? You mean they weren't sent the letter offer?

That's a LOT of jobs. Sheesh. I feel so sorry for them. Esp if they are 50 years old or older...so close to retirement. They are in their biggest saving-for-retirement years, not to mention the wages on which future Social Security benefits will be based. Lives will be ruined. Horrible.

[JustAnotherGen]

37. One of my friends who is a Senior Manager

Explained that because they went to the Outsource company and are new employees there - even if they work in Warrren, Basking Ridge, etc. etc.

They aren't eligible. They did this in August I think? They gave them new badges -they weren't allowed to even have the option to opt in.

That's terribly unfair.

And if you put in and are denied . . . what happens then?

Now they will 'block you' in growth and maybe you will be the first to go.

Folks are feeling like after this RIF? One week for each year or maybe only 2 weeks salary.

[Honeycombe8]

40. The workers are always the ones to pay. The economy is SO great, right? Yeah, right. nt

[JustAnotherGen]

43. For now - it is

I think the Tariffs are going to kill manufacturing in the US very quickly for those who export outside of the US.

At my company - no one will lose a job. But to meet our orders for rest of world we've GOT to increase manufacturing. We are going to expand the small factory in NL that we have. It's better/easier for our European deliveries - and there are no oppressive tariffs on Chassis wrapped up in a non existent *smdh* national security threat.


So much nonsense in America. So much nonsense. I do worry about my 'Verizon Family'. I'm so worried about them.

[Honeycombe8]

44. +1. nt

[X_Digger]

45. I bailed in 2013. 919 Hidden Ridge, then 600/700. Spent time in BR, too.

Digital companion, Iobi, Iobi business, VZESS, HRIS, VCMS.. all were my teams' babies.

I remember getting calls from Carolyn at 2am saying, "There's a problem in production, Shaygan wants you on a call."

Then getting cussed out, "A bunch of indian teenagers could do better.."

Well, apparently someone listened.

I got tired of RIFs every 6 months, and wondering if your name was on 'the list', and who'd fight to keep you; afraid to take vacation time because the person who filled in for you might have your job when you get back...

blech.

Nobody's fucking tombstone will ever read, "He added shareholder value."

[DeminPennswoods]

17. This is how they're paying for their 5G upgrade

imo.

[Honeycombe8]

33. I think it's related, at least in part, to 5G.

But I don't think the capital cost is that great, at this point. It's not as expensive as laying cable. They need the towers, but they all bought towers and leased them last year or two. However, the towers may need updating.

But they don't need all the workers to repair and lay cable, anymore, I would guess. And the managers for them. And just cutting staff because of outsourcing.

This will ruin lives. I have read that a certain % of people laid off end up dying soon after.

[JustAnotherGen]

38. Not so certain

They will be paying for it with debt. This is just too look good for wall street next year in the annual report.

They are just like T Mobile - there's no money there - just debt.

[BSdetect]

23. So much winning and swamp draining!

[Iliyah]

26. I love the smell of winning - shithole.

[Afromania]

27. You want personal info getting out there to the internet. Well, this is how you go about it.

Nobody cares about your data like you care about your "own" data and every company that does this tells me in big bold letters that the higher up's are idiots. Expect to hear the Verizon info was stolen in the near future do to some 3rd party vendor leaving something misconfigured and exploitable.

[Honeycombe8]

34. Scary. Very scary.

To have foreign countries involved in our technical companies is very scary, given all the hacking these days.

[HipChick]

41. too add , many of these companies data centers are located in Russia

due to Russian data laws..

[0rganism]

31. spike quarterly profits for half a year, get a nice stock bump, then sell out

they think America is done except the looting. it's all about grabbing everything you can and getting out as fast as possible now.

they care nothing for the residents who will live here after they're done.

[Honeycombe8]

35. Then comes the recession. We've been to this dance before...in the yrs preceding 2008. nt

[Zing Zing Zingbah]

39. Yeah, why didn't jobs savior Donald Trump get involved in that one?

Oh yeah, he doesn't care anymore now that he has already been elected.

[Honeycombe8]

42. You got that right. He can't even relate to a person who works for a living. He's never had a job.nt

[Merry Sunshine]

47. Make India Great Again

Thanks for nothing Orange Hitler! Too bad his "trade war" and tax cuts aren't helping anybody (not counting Infosys Indian employees) but the rich.