Thread regarding Verizon Communications Inc. layoffs

@fd Some one high up was cashing out around 50 - 51. Follow the money trail.

@e5 "When the stock price rises"

He does know which way is up right?
I guess we already know the answer.

$50.10 - 8/24 Close
$50.14 - 8/31Close
$50.61 - 9/7 Close
$48.09 - 9/14 Close
$47.08 - 9/21 Close
$45.98 - 9/28 Close
$45.90 - 10/2 12:52 PM EDT

@da board can get one of those and replace the ONE in vz.

@bq Correct. Contrary to what many misguidedly believe, Vz is not a tech company.
It doesn't invent tech.
It doesn't design tech.
It doesn't manufacture tech.
It buys tech from others.

It possesses no Bell Labs or Western Electric.

It's a utility and it needs to be run like a utility by those who know how to run a utility.

The short-term CEO playbook: The board awards the CEO a generous stock package. The CEO pushes the old leadership out, slashes costs through layoffs, boosts short-term earnings, hypes/pumps the turnaround, and the company’s “transformation" under their leadership. When the stock price rises, the CEO dumps the stock; Sell, Sell, Sell. The CEO cashes out and exits with millions, leaving employees and the company to deal with the long-term consequences. It's a very old page in the playbook.

@bf There are even silicon Chinese robots out there now that can climb poles… Interchangeable heads even..

Over promise under deliver. Another pump and dump CEO type like that Ketamine Cowboy from TX.

Cell phones, wireless networks are also helping to build AI too, so is electricity. duh

@bq Verizon is helping to build it with fiber though

Let's face it, Verizon is just a user of AI. It's not creating or building a ChatGPT, Grok, or Claude, Gemini, or even Muse (Facebook). Verizon does not have the talent to build a mainstream AI Chatbot. We are all just "users" of the AI models built for us. We are not AI Gods, we are simply users of it. So management needs to get off their high horse, Verizon is just a user of AI, not a company building an AI Chatbot LLM engine for the world like Google, Telsa, and Facebook did.

@OP Just saw that AI techs an engineers are not pleased with Dan's comments yesterday and are pretty much telling Dan to stay in his lane.

"Another CEO without a technical degree who "sees AGI within 18 months—and a century of progress in a decade." America is being ruined by these types of know-it all CEOs who don't try to fully understand AI and its applications before they form opinions."

This one nailed it in eight words.
"He was babbling statements to pump the stock."

Dan is a clueless boomer. Terrible CEO choice.

@b9 Yup. Robots. Not to replace but to help the people who used to be in the role of technician and engineer.

Dan is going to invest a lot of money into developing state of the art robots to hand someone a sc--wdriver or maybe run to the truck to grab a box of skyhooks. Imagine the cost savings for Verizon as well as the stress free workload people will have doing whatever function we will all be doing in this new fluid environment.

@OP I am glad A I can’t install and repair Fios . Robots?

@av I think everyone is overreacting. He was probably laying in bed having an afterwards cigarette and asked what he should do. And AI leaned over and said "Trust me bro... do what I tell you to do and you will be richer than you wildest dreams."

We'll be okay, right?
Right??

Translation: "You G0ys are fu*ked!"

@a1 I think I just read in that interview that he says Verizon has more than 250,000 employees and contractors and will need to move from a workforce organized around “very defined roles and functions” to a “much more fluid organization.”

So we now have more contractors than employees on the payroll? And I think we are already at the fluid part. No one knows what they are doing or which org they are under from one day to the next. My new title might be AADoT, "All Around Doer of Things.

@aq You might when it lands in your back yard

@ah And Bernie was right,
April 26, 2026
"When the CEO of Verizon predicts AI & robotics could lead to 20%-30% unemployment within the next few years, we may want to take notice." "AI is the most transformative technology in human history. We're not prepared for it economically or socially. That must change. NOW."

And Dan basically says, Okay, cool. Yeah, when I predict something you need to listen. Bad things are coming because of all of the great things I am doing for the future of the world.

And BTW, I am NOW going to provide a solution at no cost to to US citizens so they might be able to find work. Not with us but somewhere maybe. And I'll make a ton of cash while doing it. But yes... woe unto you if you don't listen to me.

Dan stands on the side of deceit and injustice to gain money and power. Who cares what this old has been thinks!

Seriously listen to visionaries like Musk, Zuckenberg... Dan is not. One goal.. whether Dan, Alphonso or any other Vz Exec... cut cut cut and secondary grow revenues until the next merger

@ag I disagree. I think this is basically the same thing as the WSJ interview but this is amped up to another level of disturbing. After the backlash from the WSJ when politicians called him out by name, he had to reevaluate and add the free US AI training that everyone knows will not amount to anything. But now he actually seems to be taking on the alarmist views of Sen Bernie as though it was his words that got them going in the first place. Like "Hey, if we don't pay attention and get in line this is going to run us over." He is actually warning us that his plans are going to harm us if we don't prepare.

old hag Dan said this exact same thing 18 months ago maybe he has dementia

He is a typical old business man who is dazzled by the latest tech and has been sold a bill of goods. These AI companies keep taking about AGI and even danger, to make it seem more powerful, to keep investors coming. I have been witness to many leaders doing nuts over AI tools that are slop and way over priced. This is stuff a 13 year old kid can build in 15 minutes but some company will sell Verizon for hundreds of thousands of dollars a year.

@ac I have had a couple disappear this morning. I keep testing short answers to see if one sticks. Maybe this will be the one?

Maybe it is already here. I have seen more than ten posts removed this morning within minutes of being posted.

I saw and read them, thought about it, researched answers and went back to respond and poof... they were gone.

They were either questions in related threads or responses to those questions in context.

I think this is site is done if they are censoring on that level. You can't cure trolls by silencing everyone. Then the trolls win

Hey old man Dan .... lay off the pipe, will ya' !?
This is what delusional looks like.

The bigger question is why does anyone care what he thinks about anything including Verizon

My child does their homework using AI, the work is flawless. I don't have the heart to tell her No because everyone is being encouraged to use it. Homework used to take 2 hrs per day for her, now it takes 15 mins. Essay's (check), Algebra (no problem, just take a picture), Science (AIs got that). Am i setting her up for success or failure?

And he is doing this because it makes life better?

I am getting ready to do something that will fundamentally change the quality of life as we know it. It will be so exciting.

BTW, we need you to completely rethink your entire existence and any plans you may have had for your future. Business will be great but people will suffer unless they are prepared. Sign here acknowledging that you understand and agree that this is needed for the future of business and not the future of you. You may or may not be relevant when this is over depending on who you side with and how old you are. You gotta know you can't teach an old dog new tricks.

“I think you’ll see the collapse of the 21st century in the next five to 10 years,” Schulman said. When Brady asked what he meant by “collapse,” he explained, “Progress we would have made over 100 years will happen over the next five to 10 years.

“I don’t think we can really imagine how powerful the technology and how fundamental it will be.”

https://fortune.com/2026/09/30/this-revolution-is-happening-in-years-not-decades-verizon-ceo-dan-schulman-sees-agi-within-18-months-and-a-century-of-progress-in-a-decade/