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Layoffs Sap Core Knowledge

Software Engineering Senior Analyst
Current Employee
Has worked at Verizon for 20 years
June 10, 2016
Colorado Springs, Colorado
1.0
Doesn't RecommendNegative Outlook
Pros

The company offers competitive compensation and benefits.

Cons

The constant stress of US-based employee layoffs, in exchange for offshore hiring, has taken a toll over the last several years.

Much of the history and business intelligence lies with the onshore employees, and with each successive layoff, more and more core knowledge is lost.

Unfortunately, it doesn't appear Verizon any longer values doing things right; it's all about doing it cheap, regardless of the impact to customers or employees.

I've not been laid off yet, but the morale is the lowest I've ever seen.

It is no longer a good company to work for.

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