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Wireline -- Great benefits, endless layoffs

Sr. Engineer
Current Employee
Has worked at Verizon for less than 1 year
February 3, 2023
3.0
Pros
  • 2 months paternity leave
  • Annual base pay increase
  • Annual 5-10% bonus depending on company/business unit performance
  • Health benefits are not bad
Cons

If you look at the employee count over time, Verizon has almost cut its employees in half since 2009. This includes many wireless employees as well.

Every year, there are typically two sets of layoffs: one in Q4 and one in Q1. They are clearly losing their customer base on the wireline side of the business and continue to overcharge for services, preventing further business from coming in.

It feels like, at least on the wireline side of the business, there isn't much of a future.

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