Finance Transformation - Elimination of Jobs - Systems Specialist/Project Manager Verizon Employee Review

2.0
Nov 9, 2014
Recommend
CEO approval
Business Outlook

Pros

Good benefits in relation to medical, compensation and tuition assistance.

Cons

Finance is going through "transformation'... moving employees into (3) major hubs; Tulsa, Ok; Lake Mary, FL; and New Jersey. The company is using the guise of transformation to eliminate thousands of job. Majority of all Finance groups are impacted and will be relocated into one of the hubs. This includes employees who currently work remote. Fran Shammo has 'eliminated' telecommuting and/or any other 'work-life' balance shift. All Finance employees have to report into the office (as of last year). The company is forcing those employees willing to move to 'reapply' for their position! Current employee's applying for their jobs are not guaranteed a position in 'new' location. THIS IS INSULTING. Outside of Finance, there is the constant worry about being layoff. Verizon has constant layoffs across the board every year.

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5.0
Apr 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Great leadership, associates, coffee, parking, training

Cons

long hours if you want to be successful

4.0
Jan 26, 2015
Recommend
CEO approval
Business Outlook

Pros

Compensation is competitive but you will work very hard for it. Culture is excellent and exhibited and practiced from the top down. Benefits are excellent and cost reasonable. 401k match and profit sharing. Lots of training and professional development opportunities. Can advance if you're willing to relocate.

Cons

Company is trying to transform into what it wants to be beyond a wireless carrier (cloud?, security?, telematics?, wholesaler?, etc) and is struggling with a vision, resources, and org structure to make it a reality. Several re-organizations over last few years so job security has frequently been a question. Often delayed response to competitors caused by management's concern that acting would result in not meeting Wall Street expectations. Not the "happiest" place to work because no result is ever good enough and successes aren't celebrated because the focus is always on the next weekly/monthly/quarterly goal.

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