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VERIZON Phase 2

Phase 2: The Premium IPO (Years 3-5)
The endgame is not a utility sale. A rebranded "Tech-Enabled Communications Platform" targets 10-11x EV/EBITDA—more than double VZ’s current segment multiple—by shifting the investor narrative from "low-growth utility" to "digitally enabled service platform."

MetricLegacy VZ SegmentModeled ServCo (Year 5)EBITDA Margin25%38%EV/EBITDA Multiple5-6x10-11xWhy Verizon is the Perfect Case Study

CEO Dan Schulman's track record—scaling PayPal’s asset-light model—aligns perfectly with a ServCo mindset. Separation would allow him to:
Shed Valuation Drag: Instantly move ~$20B in annual CapEx off the P&L.
Focus on Growth: Reinvest freed capital into service innovation and customer experience.

Enhance Transparency: Attract differentiated, growth-focused funds for ServCo and stable income funds for NetCo.

The Precedent is Clear: BT/Openreach, Telstra InfraCo, and KKR/Telecom Italia have already demonstrated double-digit valuation re-ratings once infrastructure and services were properly delineated.

The ServCo, long viewed as the weaker half, could become the crown jewel—reborn as a high-margin, digitally transformed growth vehicle commanding a premium Wall Street multiple.

This isn't financial engineering; it's the structural precondition for sustainable growth. The sum of the parts is clearly worth more than the whole.
hashtag#Telecom hashtag#Verizon hashtag#PrivateEquity hashtag#Valuation hashtag#ApolloGlobalManagement hashtag#Strategy hashtag#StructuralSeparation
likelovesupport


VERIZON Phase 1

The Only Way to Fix Verizon's Valuation: Apollo's Blueprint for Structural Separation

Probably 12000 FTEs will loose their jobs. (this already happened !!!)

The days of the integrated telecom giant are over. The biggest opportunity in the sector today isn't a new product; it's a structural divorce—separating the capital-intensive NetCo (Network) from the asset-light, growth-driven ServCo (Service).

This is no longer a fringe idea; it's the defining transformation trend of the decade, and it’s the most rational path to unlock billions in trapped equity value—especially for a stock like Verizon ($VZ).

The Problem: Blended Multiples Suppress Value
Integrated carriers suffer from a blended market multiple problem. The network's capital drag suppresses returns, while the dynamic service business is undervalued. The result? Chronically low P/E ratios and stagnant shares despite strong cash generation.
The Solution: Apollo’s Reverse LBO ServCo Play
Private Equity firms like Apollo Global Management are experts at complex carve-outs. Their blueprint for a newly-separated ServCo: a Reverse LBO that transforms a utility stock into a premium tech-enabled platform, commanding a 2x multiple expansion.

Phase 1: The Asset-Light Transformation (Years 1-2)
Digital-First Cost Structure: Replacing legacy IT with cloud-native BSS/OSS and using AI to overhaul customer service, driving a 20-30% OpEx reduction.
Pure-Play Aggregation: ServCo pivots entirely to the customer, bundling connectivity with high-margin services (security, streaming, IoT). Result: 5-10% ARPU increase and up to 25% churn reduction.

Deleveraging: Cost savings are rapidly converted into financial firepower to stabilize the balance sheet.

What are your thoughts ?
Light Reading Fierce Network
hashtag#Telecom hashtag#Verizon hashtag#PrivateEquity hashtag#Valuation hashtag#ApolloGlobalManagement hashtag#Strategy hashtag#StructuralSeparation


Options: Switching for Verizon to Other Mobile Providers

For laid off people leaving Verizon, we had a thread on this (link below).
It was a good thread, with 20+ responses.

Here is a summary.

T-Mobile / TMO

  • Regular plans cheaper than Verizon even with Verizon employee discount
  • Promo for current and former Verizon employees: 2 months free service and free phones, code: VZEX (through sales reps)
  • Costco / Sams Club T-Mobile deals: about 450 dollars in gift cards per line when signing up
  • Several people report good network quality and paying less than with Verizon
  • In Florida, one person reports faster network and no dead spots with Starlink feature
  • One commenter is joining a T-Mobile family plan via active duty military daughter to save money

Tello

  • Used as a cheap line for kids
  • Around 100 minutes plus unlimited texts for under 10 dollars per month
  • Has unlimited plans, described as the cheapest the commenter has seen

Visible

  • One person planning to sign up, likes the site and the value on Verizon network
  • Another has a 20 dollar per month plan and had no issues
  • Note: Visible is owned by Verizon, which reduces the stick it to Verizon satisfaction

US Mobile

  • Prepaid: 10 dollars per month for unlimited talk, text, and 2 GB data
  • Extra data: 4 dollars per additional 2 GB
  • Has unlimited data plans as well
  • You can choose to use Verizon, AT&T, or T-Mobile network
  • Another deal: if you pay in advance, about 25 dollars per month per line on Verizon or other networks

Helium Mobile

  • App based carrier
  • Three plans: Free, 15 dollars per month, and 30 dollars per month for unlimited everything
  • Likely a T-Mobile reseller
  • Instant new number or option to port your existing number

Spectrum Mobile

  • Uses Verizon network plus its own WiFi offload
  • Around 30 dollars per month with taxes included

Cricket Wireless

  • Uses AT&T network, suggested as an option
  • Cheap but no details

@OP+1kast0jhx | https://www.thelayoff.com/t/1kast0jhx


The "New Norm" of Working @Verizon |Telecom Industry & Corporate America

It's not fun whatsoever to watch coworkers, friends and/or family loose their livelihood. I know many at Verizon who've been going thru this round of layoffs turmoil, and amongst them some who lost their jobs. It's very hard watching people you know suffer, however it is a reality of working at large corporations.

Honestly, it's something you inadvertently sign up for when you take a corporate position, especially in the Telecommunications industry which has regularly had staff cutbacks for nearly ~45 years beginning with the breakup the AT&T Bell System in 1982.

I've worked in Telecom (AT&T, Verizon, Virgin Mobile, Sprint, T-Mobile and Boost) since the mid-1980's and have been thru major rounds of layoffs literally dozens of times (impacted 1 time personally when AT&T shut down their entire Consumer Business in 2003) so I can certainly emphasize with others enduring the same.

This could well be Verizon's "new norm" going forward (also Telcom & Corp America) with AI, automation and operational changes significantly take hold.

P.s., I've previously worked closely with Verizon's CEO, Dan Schulman at AT&T and Virgin Mobile over the years. He's a good Executive doing what's necessary to right Verizon's lagging performance.


Reminder to cancel your Verizon services if you're impacted!

Petty? Yes. Hear me out though.

My 1 line, phone and watch was running up the score gradually on my bill. About $98 a month or so. Without the employer discount, my bill is now going to be $170! Give me a break. Even if there's no magical ethical carrier, stop giving your money to this corporation.


Telecom is Completely F#@ked

The Verizon and TMO layoff boards aren’t looking any better— in some cases they make gasp at&t look “good”. 🤦🏽‍♂️ Don’t believe me? Go take a look ……… complete shítsh0w over there.


Understanding the Verizon Layoffs Context

As of November 18, 2025, Verizon is undergoing its largest-ever round of layoffs, affecting approximately 15,000 employees (about 15% of its roughly 100,000-person workforce). These cuts, driven by subscriber losses, rising competition from rivals like T-Mobile and AT&T, and a push for cost restructuring under new CEO Dan Schulman, are primarily targeting non-union management roles and could impact over 20% of those positions.

Additionally, around 180-200 corporate-owned retail stores are being converted to franchises, shifting those employees off Verizon’s payroll. Announcements and notifications are expected as early as this week, with some reports pointing to November 20 as a key date for broader rollout.

There is no publicly accessible “layoff list” for Verizon (or most companies), as these processes are handled internally and confidentially to comply with privacy laws and avoid leaks. The layoff list is not something employees can independently check online or through external databases. Instead, determination relies on official company communication. Below, I’ll outline the most reliable ways to find out if you’re affected, based on employee reports, past Verizon practices, and current news.

Steps to Determine If You’re on the Layoff List

  1. Monitor for Direct Notification from HR or Your Manager
. The primary and official way is through a personal phone call or email from HR, your direct manager, or an Assistant Director (AD) level executive. Based on employee discussions from previous Verizon reductions (e.g., the 2023 and 2024 rounds), affected employees are typically notified first thing in the morning—often between 8:00 AM and 10:00 AM local time. This call will include details on severance, benefits continuation (like COBRA), and next steps. If you don’t receive this by midday, it’s a strong indicator you’re not affected in this wave.


Tip: Keep your phone on and check voicemail/email frequently, especially on weekdays starting November 18-20. If you’re remote or in a different time zone, confirm your contact info in Verizon’s HR portal (e.g., via MyHR or Workday) is up to date.

  1. Attend Company-Wide or Team Meetings
“Survivors” (those not laid off) often receive a follow-up group meeting or “business update” around 11:00 AM on notification day, lasting 15-45 minutes. This is where leadership (HR, ADs, or VPs) announces the changes broadly, confirms headcount reductions, and outlines impacts on remaining teams. These are usually held via Microsoft Teams or in-person for retail/corporate roles. Watch your Outlook calendar for invites labeled something like “Organizational Update” or “Q4 Restructuring Briefing.”
Why this matters: Skipping or missing this could signal you’re affected, but more likely, it’s a sign to follow up with your manager.

  2. Check Internal Resources and Portals
    • Log into Verizon’s employee self-service portal (e.g., My Verizon for HR matters or the internal intranet) daily for any updates on “reduction in force” (RIF) or voluntary separation programs (VSP). In past rounds, VSP offers (e.g., enhanced severance for voluntary exits) were posted here first, allowing some employees to opt in before involuntary cuts.

    • Review your paystub or benefits summary for any flags, like frozen PTO accrual or changes to performance reviews—these can precede layoffs.
 Note: As of now, no mass WARN Act notices have been filed publicly for this 2025 round, which suggests notifications are being staggered to avoid triggering 60-day advance requirements (under federal law for mass layoffs of 50+ in certain states).

  3. Network Internally and Listen for Rumors
. Discreetly talk to trusted colleagues, especially in HR or your chain of command, without spreading panic. Employee forums like TheLayoff.com and Reddit (e.g., r/verizon) report that some senior directors (Sr. Directors/ADs) receive the affected names 24-48 hours in advance, leading to subtle leaks.

Common signs from insiders include:
• Sudden “obs” (observation/performance reviews) being paused or rushed.
• Managers acting distant or scheduling vague 1:1s.
• Team-wide emails about “upskilling” or AI integration, which often precede cuts in legacy roles.
 However, avoid relying solely on rumors—Verizon has denied some exaggerated claims (e.g., mass store closures as “false”).

  1. Consult External Resources for Confirmation
    • WARN Tracker or State Labor Departments: Search sites like warntracker.com or your state’s Department of Labor site (e.g., California’s EDD or New York’s DOL) for Verizon filings. These are public but lag by weeks and only cover mass events (50+ jobs at one site). No federal WARN has been filed yet for November 2025.
    • Union Support (If Applicable): If you’re in a unionized role (e.g., CWA for wireline or installers), contact your rep immediately—they negotiate protections and may have early intel. Non-union management is hit hardest here.
    • Legal/Financial Advisors: If notified, don’t sign anything without review. Verizon’s typical severance is 1-3 weeks of base pay per year of service (e.g., 10 weeks for 5 years), plus health benefits for 3-6 months, but it varies.

If You Are Affected: Immediate Next Steps
• Negotiate Severance: Past packages included $1.7-1.9 billion funds for 4,800 roles in 2024—push for extensions if needed.
• Update Your Resume/LinkedIn: Highlight transferable skills (e.g., 5G, customer ops) and network in telecom (jobs at AT&T or T-Mobile are surging).
• File for Unemployment: Eligible immediately in most states; use tools like FlexJobs for remote gigs.
• Mental Health Support: Verizon’s EAP (Employee Assistance Program) offers free counseling—access it even post-layoff.

Layoffs su-k, but they’re not always personal—Verizon’s churn (e.g., losing 7,000 postpaid subs last quarter) is the driver. If you’re not hearing anything by end of week, focus on building resilience (e.g., upskill in AI via internal training). Stay proactive, and reach out to HR for clarity if anxiety spikes. For personalized advice, consult a career coach or employment lawyer.


Found this on the web...

The retail stores that are turning franchise are the following.

  • Under performing year over year (all metrics, not just growth)

  • overlapping/ redundant stores, including stores in congested markets (example, districts with stores within a 30 mile radius from each other)

  • locations with upcoming expiring leases

  • locations that have not been remodeled

  • Mall locations (all)

The cuts outside of stores closing will be support channels, R2B reps/managers, Sr operations analysts, training, director consolidation, sr director consolidation, market presidents and VPs and their support teams (executive assistants, etc.) Retail stores with 3 assistant managers.


Shocked?

French raids carried out in Altice linked ‘corruption’ probe
By Martin Coyle
November 18, 2025, 2:45 PM GMT

European telecom giant Altice on Tuesday saw French prosecutors target 15 homes and 14 companies as part of an investigation into a “vast corruption scheme” connected to the company. French prosecutors...


59 million is your value to Dan

As the new CEO of Verizon, Dan Schulman will receive an annual base salary of $1.5 million, in addition to substantial performance-based bonuses and stock awards that could bring his total compensation to tens of millions of dollars.
His compensation package includes:
Base Salary: $1,500,000 per year.
Short-Term Incentive Plan: He is eligible for a target bonus opportunity equal to 250% of his base salary, based on performance.
Long-Term Equity Awards: Schulman will receive various stock awards, including restricted stock units (RSUs) and performance stock units (PSUs), with a potential value of up to $59.5 million depending on the company's future performance relative to its peers.
Schulman, who previously served as the CEO of PayPal, was appointed to lead Verizon in October 2025, taking over from the ousted Hans Vestberg. His contract runs through 2027.
For more detailed information, please refer to Verizon's official SEC filings regarding executive compensation.


Just to lighten the mood...

(To the tune of: Mammas Don't Let Your Babies Grow Up to Be Cowboys)

Mammas, don't let your babies grow up to work for Big Red Don't let 'em pick networks or chase that 5G Make 'em be doctors and lawyers and such Mammas, don't let your babies grow up to work for VZ They'll never be home, and they'll always be stressed Even if they give you their all, they'll just cut you to be "lean"

(Verse 1) He'd bleed red and black, wore the polo with pride Believed in the network, felt good deep inside He missed kids' ballgames for "critical work" Now he's a "cost transformation," a shareholder perk.

(Chorus) 'Cause they'll get a new CEO from PayPal, you see Who talks about "culture" and "scrappy" He'll take a fifty-million-dollar bonus and then Cut fifteen thousand people just before the holidays again.

(Verse 2) He heard all the rumors, the "critical inflection" The talk about "synergy" and "cost correction" Then the call came on Thursday, "November the 20th" "We're making you 'leaner'," just a number, not a person.

(Chorus) 'Cause they'll get a new CEO from PayPal, you see Who talks about "culture" and "scrappy" He'll take a fifty-million-dollar bonus and then Cut fifteen thousand people just before the holidays again.

(Bridge) They'll say you're all "family" when they want your long hours But you're just a line item when they're in the glass towers They're losin' subscribers, so you'll pay the steep price While Dan Schulman's bonus is lookin' real nice.

(Verse 3) So Mammas, go tell 'em before they sign on That loyalty's a one-way street, and then it is gone They don't care about you, just the stock and the churn It's a "Home for the Holidays" lesson you'll learn.

(Outro Chorus) Yeah, they'll get a new CEO from PayPal, you see Who talks about "culture" and "scrappy" He'll take a fifty-million-dollar bonus and then Cut fifteen thousand people just before the holidays again.


Depressed , anxious , sleep deprived

Anyone else here feeling like this ? Just tell me already if I’m jobless. I got so much debt that the severance wouldn’t be enough. I’m SCARED. If I make it this round , once frontier deal is complete that just means more layoffs. A lot of Frontier and Verizon engineers would just overlap jobs so that means MORE CUTS


Old prediction

Someone posted an article on here once, it was so e kind of prediction of how VZ would play out over time and wonder if anyone knows what I'm talking about or has the link for the article. I wish I could remember more so this doesn't sound like a ridiculous request, but maybe someone will know what I'm talking about