Verizon

www.verizon.com
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3 people found this helpful  

Verizonn offers a good place to work but with contsant layoffs and outsourcing it is losing its competive edge.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Software Engineer in Ashburn, VA
Current Employee - Software Engineer in Ashburn, VA

I have been working at Verizon

Pros

There are great employee benefits like fairly low cost health, dental, vision plans. They also have a generous 401k match. A lot of IT people telecommute some or all of the time (Northern Virginia). They offer many vacation days, personal days, holidays, and sick days. There is a good performance bonus offered each year but hard to reach the maximum bonus. There is a robust employee intranet for access to everything you could want dealing with employee resources such as benefits, policies, work groups, etc. They have a generous severance package.

Cons

There are contestant layoffs which creates extremely low employee morale. The pension for the most of the remaining management employees has been dissolved. There are no or few promotions for the current employees. The company has been outsourcing to India or other low cost areas of the world for years which means fewer employees in the USA to do the remaining work and therefore less work is directed towards those resources. Diversity has gone too far because Verizon hired too many Indian employees and they can't speak English very clearly which makes it impossible to communicate effectively. There is no viable career path or no future. Verizon suffers from trying to merge some many telecoms under one umbrella organization. There are so many different systems that have to communicate with one other that it can be rather complex, infective and inefficient.

Advice to ManagementAdvice

Stop outsourcing all of the IT jobs to India and other low cost areas of the world. Upper management should take an across the board pay cut in order to save US jobs instead of getting huge bonuses. Stop laying employees off in a continuous cycle because it is horrible for employee morale. Grow the company the old fashioned way by smart investments and savvy business strategy. Stop trying to increase profits for shareholders by only cutting cost (layoffs of employees). Grow the business similar to the way Apple has grown their business by being innovative and offer fantastic products and services. Stop treating employees as an expense to cut during the next rif (layoff) but instead treat them as a resource to grow the business. Try to develop a "cool" brand image similar to Apple. Realize that human capital investments in US employees take time to foster growth and may add to to expense side for several quarters but ultimately will be cheaper in the long run.

Disapproves of CEO

2662 Other Employee Reviews for Verizon (View Most Recent)

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  1.  

    Awesome company, horrible management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Customer Service Representative in Newark, NJ
    Former Employee - Customer Service Representative in Newark, NJ

    I worked at Verizon

    Pros

    Medical benefits, tuition reimbursement, nice vacation days.

    Cons

    NO room for advancement at all, especially in the department I was in.

    No opinion of CEO
  2.  

    Verizon is a well respected company by outsiders, but the RIFs keep on coming...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sales Engineer in Boston, MA
    Former Employee - Sales Engineer in Boston, MA

    I worked at Verizon

    Pros

    Well respected company, very professional, pay is good.

    Cons

    Verizon is 10 companies under one roof and getting your job done can be frustrating. It can take a year to resolve billing issues and this takes up a great deal of your face-time with customers. Verizon management talks about strategic selling, but account managers are managed on monthly numbers which results in tactical selling.

    Advice to ManagementAdvice

    Don't shuffle the account deck every year. Customers like continuity in their account teams.

    No opinion of CEO
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