Country specific as each European countries have different layoff laws.
A lot of field sales will go.
Accounts will be managed centrally in a lot of cases. Enterprise contracts won’t be renewed as they come up on term.
This is what happens when you run a company into the ground.
The international VBG backbone network will massively shrink in size, countries will be exited..
the on again off again BT global JV or merger seems to at least being discussed again.. And or rumours of VBG enterprise going to HCL.. that I doubt though as when MNS went to HCL they let HCL RIF everyone who transitioned over.
Can count on 1 hand the amount of large clients left… cost base is approx double actual revenue has been like this for a decade and year on year getting worse.
Basically looking at a VBG exit strategy internationally.. This is what Dan meant in Q3 analyst call - we have parts of the business that are costing us Billions in margin.
5 replies (most recent on top)
@a6 Really ?where have you been for the last 20 years and did you know some large companies also have offices which aren’t in the US !
@a8 We have equipment in the old LD footprint but I don't think we own any of that fiber
@a8 not the first time vz will chop product teams heads
No brains
No growth
You know we have a massive fibre network and IP backbone network in Europe? Private IP and IP Ded.
You know even truck loads of Product managers, even for US based Products are based in Europe?
Verizon has no interest in Europe or Asia…it’s too hard to do business there