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Move on or jump ship

I have no experience in running a small company, let alone a big one. I can think of a strategy to fire employees to save money and show increased profits to raise share price.

The current ceo with so much experience is coming up with the same strategy to compete with T-Mobile and AT&T!!

I see no future for Verizon. If you get RIFed, think positive and look for a better company.. consider it x years wasted on a company run by people who have no vision.

If you don’t get RIFed, take this as a wake up call to jump ship because it’s sinking.

There is no VTeam feel anymore here. With so much uncertainty, unrealistic deadlines, there is no dignity nor recognition of the hard work done. Simply blackmail tactics.


Are they selling of Vz International?

So Dan laid off 13,000 people yesterday, 2,000 short of the 15K total we've all been hearing about for the last few weeks.

I'm hearing rumors from several sources that they plan to sell off Vz International (to BT) in April next year. Will the remaining 2,000 heads be from there do we think?


Funny

Funny how Dan S couldn’t wait to send his email to lay 13k people off. Sent it at 7 am. Well it’s 8 am the next day and we still don’t know which execs, vps, sds and ads got laid off. He laid off all the people that do the actual work but kept all the people who just go to meetings to wag their fingers. Good luck turning this company around with people who don’t want to do a lick of work


Severance Expense

Looking at the FIS quarterly report, FIS has paid out $205 million in severance this year compared to $34 million for the same period last year. Also there is a comment, "The Company continues to evaluate its organizational structure and expects to
incur additional severance costs in the fourth quarter of 2025." I wonder how many people that equates to?


Sales down bad at northpark

Now because Plano is going to close. They threw out a fig leaf. They want to keep flagship open..Taxpayers already bailed it out.

Hope the city council doesn't give more money to this debt ridden company . While legitimate things could occur...I know Nordstrom would never do such and I support them. Even if their stuff is tame. Bloomingdales is looking at this market as ripe besides panned store in Frisco.


Public sentiment about the layoffs: they think what’s happening at Verizon is disgusting

Read the comments. So many posts about how it’s heartless to do a mass layoff right before the holidays … and how this isn’t the right strategy

https://www.linkedin.com/posts/patiencehaggin_verizons-largest-ever-round-of-layoffs-started-share-7397358127546777601-dyxz?utm_source=social_share_send&utm_medium=ios_app&rcm=ACoAACIHN8cBW6MjhO5MIGRsVYnqPlZ3Ttd_bdI&utm_campaign=copy_link


Learn not to be loyal to any company

How can we pay bills when the entire top level executives are settled for life. Verizon had a bad culture. Fix it in tech work. No calls after 5 . I see people are crying and I knew they worked really really hard.

Just give a like so it’ll be viewed. Companies now know to take care of themselves.


VZ's Implosion

VZ used to be a proud company... with a clear identity has turned into a hollow shell that's just bleeding subscribers while charging premium prices for sh---y service.

We're basically watching the Sprint playbook all over again - gradual decline, pieces of the business getting sold off, and a CEO who's more interested in appeasing Wall Street than actually fixing what's broken. Schullman sat on the board for 7 years as lead director while big H drove VZ company into the ground, and now he's suddenly the savior?

His track record speaks for itself -- fu---d Virgin Mobile, PayPal stock tanking 70% under his watch, should be expect different here??? sure, he'll turn us around this time.

And... hypocrisy of it all... We spent $50B on 5G spectrum that doesn't even provide decent coverage, bought fu---d piece of junk Frontier for $20B cause apparently we need fiber after Lowell ki-led our FiOS buildout years ago (we could've had 25 million fiber subs by now) and somhow the solution is cutting 13K jobs??? And increasing exec pay for this gem of a strategy????

All this is happenin while T-Mobile is eating our lunch because they actually invest in customer experience instead of just slashing costs.

The writing's on the wall this restructuring is just sh---y code for a slow death spiral with quarterly RIFs becoming the new normal (there is a thread on this).

Mark my words, we're looking at another 5% cuts per quarter with jobs shipped offshore while leadership pats themselves on the back.


Submit questions to the global town hall

Everyone has a lot to say on here, this is your opportunity to try to force GM to address it. Yes they convert every question to a softball version but if enough people are asking the same questions they’ll have to at least speak to it.

Submit questions in the Slido for the global town hall with GM on Dec 2. You can also upvote other people’s questions.


SLOW!!

OMG- I’m about to go insane. Why is our system so slow?! This is ridiculously unproductive. What is wrong with her outlook? Why does it take 13 years to set up/open/send an invite? This has been going on for years and it’s so unacceptable at this point. I’m not understanding why the company can’t get this fixed.


What a sh-tshow

The way this was handled is a disgrace, especially for a "communications" company. Verizon has been losing customers by the hundreds for months now and their solution is to cut Operations. Some markets are down to a few guys for entire states. Way to put the customer first, Verizon. Bravo.