1) we all know more layoffs will keep on happening
2) my theory is that leadership will spare us between Thanksgiving and New Years
So my question is : what are the odds of layoffs over the next 3 weeks till nov 20?
12 replies (most recent on top)
@a9 Christmas? BAH, HUMBUG!
Ever hear of a corporation whose CEO gets axed and is not followed by exec management? This corporation is far too saddled with SVP's, EVP's, VP's, AVP's, Sr Dirs. It's really absurd. This board needs a slap for allowing it to happen. Maybe a annual meeting by employees is warranted. Any middle manager who threatens a report with "get on the bandwagon or leave'' needs to be reminded - uh - they're actually the target.
Heard large cuts to contractors next round.
@a5 Duhhhhhhh.
FCF was probably revised because we have more net adds and how vz can control deals and certain payments to large partners.
@ag Unlike the RIFs, I haven’t heard any specific dates about the rebadging. End of Dec was kicked around to have in place for 2027, but that’s speculative.
I keep hearing that the GTS rebadging will happen, but so far it hasn't.
Has it been pushed out to next year?
Any insights would be greatly appreciated.
Important to note also, the EOY layoff will probably boost Total Shareholder Return and Free Cash Flow just like last year. The timing so coincidentally helps out SVP long term incentive rewards (any absurdly high SVP LTI packages come to mind for the 2024-2026 fiscal years?), so don’t go thinking Dan will get any pushback.
End of pay cycle, Nov 19th mass layoff notification with last days Dec 18th. Just like last year’s Nov 20th. They don’t care in the absolute slightest about the holidays, that’s a hilarious theory. Are you new?
Dan increased free cash flow in 4Q aka more RIFs by EOY.
@OP lol our leadership has not spared us a layoff between tday and Xmas in years. It’s the annual vz home for the holidays treat!
I feel its a near certainty that there will be another large round between now and Thanksgiving