#allhands

Here is what I heard from today`s Town Hall:

• EBIDTA is at a great level (90% of the employees doesn`t care, or have no idea what that is.)
• We should be very happy for the shareholders, as they will receive a min. 10$ divident / share.
• How nice that the colour of the 2 logos are matching.
  No mention of the employees, when will they advise on leadership, new responsibilities, or just acknowledging the frustration we have. At least they should say they are working on it and will be shared soon, or giving some justification for the hold up.

What a sad joke. We can't even run a zoom call.

Confirmed massive layoffs happening after the new year. Up to 40% of collab, 25% of sales, 50% of security and 20% of data center will be notified between January 7th - 10th.
G2 quote from All hands meeting: "We must capitalize on growth areas going into Q1 and Q2 26, unfortunately radical measures must be taken to accomplish our business goals with the emerging use of AI. It is not easy to make this decision, but we must let people go"

Managers have warned us to start looking for other positions.
Hardest hit will be engineers on Webex & Contact centre

Everything that was said in that stupid meeting could have been said in an email. Your employee survey feedback su-ked and you still don’t get it!! Just hold more meetings to see why and how convenient no time for Q&A!! No mention of the 401k cuts.

After laying off over 2000 employees in 2025, we were notified in an all hands meeting near the end of November that they were done with cuts "for the rest of the year." During an IT All Hands meeting in December, Brian announced that we should expect a 25-40% reduction in staff due to AI implementation (which they strongly pushed on everyone).

Will there be more RIFs ?

Compensation and reward always appears as a negative in your voice feedback. Is there a plan to address this ?

Responses, erm we have a new employee development project.

Did anyone watch it /attend? It seemed like 40 minutes of someone talking but not actually saying anything. Maybe I’m just d-mb and that’s why I didn’t get it.

Did anyone notice the difference between ansys presenters and synopsys presenters in Todays all hands?

The Q&A part is now not needed ? Witout ever answering anything ever?

CEO doesn't even show up in office for the all hands after forcing everyone back 5 days 🤡🤡

Sandeep called somebody out by name and talked about him having foot surgery during the all-hands. Isn’t that PHI?

I have never seen this site so much silent. No new topics since long or people have stopped posting. Seems company is doing well. I think yesterday was good employee meeting focused on a lot about members & employees.

Heard a rumour that the whole all employee call this week is going to be created by AI to show everyone what it can do…can’t wait to see if this is true

The all hands on Monday were being nothing burgers. They did not say anything new. They sent an email with the changes then schedule an all hands over a week later to say the same thing? This is why VZ fails. Redundant and inefficient. Bet Friday’s call will be the same. It’s evident that things will not change. Dan the hatchet man is that, the hatchet man and will sadly pass it off to Scampath who will continue to tank the company. Leave while you can. VZ will not survive this 13k RIF. Culture, morale is dead there’s no coming back from losing trust in your people.

What’s this all about?

Any news?

So, on Monday we have a Consumer Group all-hands with Sampath. Immediately followed by one with DK for Value. I normally hate all-hands calls, but this should be interesting. Any bets on topics?

Time for hundreds to go sit in a war room and pretend like it’s the 80’s and we don’t have laptops to support from home. Put on a smile, wear holiday sweatshirts and pretend to be honored when leaders show up or in the case of MD send a video of thanks from Seattle.
Everyone gather for a photo to be shared in the all hands and come to work sick next week from the shared germs. Happy Holidays

While the plan was being developed to layoff 15,000 people a retention bonus was extended to Sampath and the CFO Skiadas. Each received $4,000,000 in stock. Hans will collect close to $25,000,000 for 2025 and will continue to get paid as an advisory member of the board. Dan's salary is $1,500,000 with long term incentives that will mature to $60,000,000.

Let that sink in while you navigate your job search. For those that have expressed guilt because you still have a job and your peers were let go, ask these execs how they manage to sleep at night. They are making a windfall while others suffer. Sam can speak to this in the next all hands and explain how execs and the front line are treated equally.

Surprised to see Gina’s internal email in the press already! 😀.

Will be interesting to see how the board addresses this in the all hands next week and their comments on share price + continued transformation.

As a TSYS Issuer TM I was very excited when I heard we were getting AWAY from GP and joining forces with a company I thought MAY know how to do us better. I figured it definitely couldn't get any worse than being treated like the ugly stepchild like GP has done us. With that being said I'm losing confidence daily and at this point just hope I have a job in this cr-ppy market. I'm sorry and I hate that you all have been going through all the same cr-p that we have (McKinsey) recently. Just to add a little icing on the cake your CEO and Chief People Officer joined our Issuer All Hands this morning and we're about as happy and excited as anyone could be. Hard to imagine they could be so happy at the exact same time their TM's were being fired via Google Meets. Really makes me feel warm and fuzzy about joining the team! Not an ounce of regret or remorse in either of their voices. 🤬

At first they mentioned how we outperformed booking revenue and we hit all these expectations and more. Then they briefly mentioned layoffs and the just said they can’t say anything about it and just to put your head down and wait for the storm to end. Looks like it’s happening even when we are over performing in some segments.

Anyone notice that a few SVPs weren’t included in the Q&A today? Yolanda, Julie, Kwame? What could this mean? Do they have nothing to contribute? Some of the questions involved their groups… I would have like to see them speak.

Love that he kept the meeting and is actually addressing the issues (well, sort of). Still, much better than all the "leaders" who are simply hiding and too chicken to talk to their employees (like Kyle or Shankar)

Is the all hands on Thursday to announce a new CEO or just the standard quarterly earnings BS?

In today's all hands meeting, the CTO pretty much said Citi will follow the lines of Amazon and Meta and will be laying off people. He didn't say specific numbers and exactly when but the message to me sounds like there will be layoffs coming.

Legg all hands. Share your perspectives here

Lots of uncertainly and nervousness after yesterday=Some nice recognition--finally !

We don't get many pats on our backs any more=just kikks in the aarse+The CEO is starting to lose the rank and file=Only 55% of company in attendance=We used to get 90% on these meetings=The sales guys seemed down and had low energy=Seemed like deers in headlights=Compassion & passion is gone+Thought process is always changing like flags flapping in wind=Meps, Peps, and fops, gops, mops, (huh?) wtf? are labor intensive, high maintain, low margin that we don't want anything to do with.

Sampath cancelled the VCG All hands meeting for next week. Is he on the way out?

Is Joey available to go tell Frank he is a fraud and low life parasite? I remember Frank on the all hands calls in 2014-15 saying he was a real estate guy and did not know much about payments. That was probably the most honest thing I ever heard him say.

Also remember Franco used First Data money to buy thousands of copies of his side-kick Joey's lame book, and mailed it to employees. I read it, a complete waste of ink and paper, and used it as a door stop for awhile until a flood in the office made it moldy.

Seriously, ever heard of an all hands ‘ live via slack? this is VBG and a massive organisation in VBG; that is everything under the CRO besides direct sales…
All hands via a slack channel ‘ask leadership and business partners anything slack channel…
Also hearing via a via that a merger with BT global ( international) isn’t off the cards yet. … who have been for sale for 2 years or so.
Anyways also heard it’s 20 to 30 percent reduction.

Reminds me of 2003 when Mci world com fired people via sms…

ELT has made it clear they frequent this site, so, what burning questions do you have but don't want to ask through their supposedly anonymous form?

What are the chances that if earnings don’t go well on Wednesday, they won’t do the standard all-hands call (like the cowards didn’t in Q2).

I guess It’s too hard to fellate each other on stage when your incompetence is laid out in black and white for all to see.

If 17 years at company has taught me anything, nothing good ever came from an All Hands Meeting. They're not announcing new jobs or pay raises. Hopefully those impacted by what's coming have been given a good heads up and nice Payoff.

Still tuned to this thread on Nov 6th.

Canceled abruptly!

What do you think will be addressed at today's townhall? What do you think will happen?

There was supposed to be an Accommodations in the Workplace presentation by AbsenceOne, this coming Tuesday, 10/21. It was postponed with no new date announced.

Could 10/21 be the day?