Open Letter to 44,000 Verizon Employees [telecom]

Verizon's new strategy is a pratfall waiting to happen.

By Geoffrey James

Dear Verizon employees:

By this point, you've no doubt heard that Verizon will pay you three weeks' salary for every year of service, if you leave the company voluntarily. You're probably wondering whether you should stay and hope for the best, or should you take the money and run.

Stop wondering. Take the money. Tell your boss--today--that you want the severance package. Regardless of how long you've worked for the company, the money is a much better deal than what's coming down the pike. Here's why:

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Bill Horne
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CBS News reported that 10,000 workers to leave company with up to 60 weeks pay: Verizon Communications on Monday said 10,400 employees are taking a voluntary buyout, the latest example of corporate downsizing as big companies shift from old lines of business to new opportunities while the economy is still strong.

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