Can you Fire Me Now ? Verizon offers buyout, looking to cut workforce by 25%

[cbelt3]

https://www.bloomberg.com/news/articles/...yout-offer

"The offer, which excludes executives in sales or crucial company roles, is part of a four-year, $10 billion cost-reduction program that Chairman Lowell McAdam put in place last year. A Verizon spokesman declined to say how many of the 44,000 managers are expected to take the offer and leave the company."

[hal]

"...is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce."

...wait... 1/4 of V's workforce is in management? I'd say that this is a good start...

no doubt a guy wandering around being called and asked if he can hear would be the first job to go.

[Gareth]

hal wrote:
no doubt a guy wandering around being called and asked if he can hear would be the first job to go.

He already left, and went to Sprint.

[timg]

hal wrote:
"...is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce."

...wait... 1/4 of V's workforce is in management? I'd say that this is a good start...

no doubt a guy wandering around being called and asked if he can hear would be the first job to go.

That's not quite right. If they cut the targetted number of management jobs, that would amount to 1/4 of their workforce.

I doubt they will cut all the management, so MORE than 1/4 of the company must be in management.

seems excessive to me (the percentage of Verizon that is management, not the 44K jobs to be cut), but what do I know?

[OWC Jamie]

hal wrote:
"...is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce."

...wait... 1/4 of V's workforce is in management? I'd say that this is a good start...

no doubt a guy wandering around being called and asked if he can hear would be the first job to go.

No, they're reducing their workforce including management.

[jdc]

Maybe stop spending money on all those commercials.

[3d]

hal wrote:
"...is offering buyout packages to as many as 44,000 management employees as part of a cost-cutting drive, potentially eliminating more than a fourth of its workforce."

...wait... 1/4 of V's workforce is in management? I'd say that this is a good start...

Sounds like a pyramid scheme. Everyone is managing someone below them. Who in turn is managing someone else below them. etc.