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1000 Verizon employees to move to Infosys; US employees most affected

Tuesday, October 2nd, 2018

Following the $700-million IT outsourcing deal, the Verizon employees are worst affected. Around 1,000 employees in the US and India will be transitioned to Infosys. The transition process will start in October. 

The Indian IT major will have to re-badge a few hundred employees that are domain experts. Infosys will offer them comparable and competitive compensation. Some employees also fear that if they resist the offer, they will be laid off. The telecom industry and businesses dependent on them are going through an unprecedented change. 

The email sent by Verizon to employees has been published on the labour union’s website, democrats.com. In the email, Verizon assures employees that Infosys will offer employment opportunities the identified employees. Many are unhappy about the transition and long-term effects of this deal. 

Verizon employees are categorized under 3 set of people: Indian employees that got the Infosys offer, employees working in Verizon offices in the United States and Indian employees that did not get Infosys offer. Those that received the offer from Infosys are not sure about the kind of work that they will be assigned with. 

Verizon workers that received Infosys offer
In addition to the work-related concerns, they have concerns regarding the salary increment. Verizon follows the annual increment cycle by the month of December. Even if Infosys succeeds in matching the Verizon-level base salaries, these employees are worried about the increment. 

These employees expect that Verizon should release the offer letter describing the increment prior to the transition. Another concern is whether Infosys will retain them permanently. The employment with Infosys should be time bound for one year. If these concerns are addressed, these employees will feel better about moving to Infosys. 

Verizon employees in the US 
Verizon workers in the US have completely different concerns. These workers are not comfortable working with India-based tech firm. Even if these employees decide to leave, they will not get the severance packaged based on their experience level. A large proportion of employees are not ready to join Infosys. 

The major reason behind not joining Infosys is the retention and rotation policies. The large portion of employees that don’t want to take Infosys offer are forced to take the lower severance package and quit. 

Those that did not get Infosys offer
Verizon laid off 1000 employees last year, the attrition level has been very high in the company since then. The company is requesting its US workforce to opt for voluntary retirement schemes. They are afraid that the company will completely shift from information technology space. The transition has brought a lot of uncertainty and doubt for these workers.



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