What I saw in the past year is, even though the company turned basically upside down in the organizational sense, the managers on any tier got to stay and were basically untouched. I’m not that naive to expect big shifts on the c-suite level but will we live to see the day that middle and lower management will also be the object of restructuring?
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This company need to eliminate SrManagers and ED roles.
@2qht: we are all insulted and em·bar·rassed.by the Asian Indians. and I am Asian Indians. starting from Shankar and Vivek.
@ejs: not only the managers but also the employees, SMTS and PMTS, job categories.
and by their Asian-indian managers, associate directors, directors, or close in ethnicity.
VZ stock prices down after one full calendar quarter of Hans and his garrison service.
@YGufN4k-2ums Part of it is because of all the new groups. People are feeling their way and meetings to share information is inevitable. Hopefully everyone will get back to work soon
My workmate calls them PowerPointless.
(but, like pointless meetings and painfully regularly scheduled conference calls, the kids seem to live for them)
Verizon 2.0 is shaping up to be highly bureaucratic. Meetings. Meetings. Meetings. Meetings about meetings, and Powerpoints about meetings about Powerpoint decks. The same Powerpoint deck that was published yesterday, and the day before that. Every other customer-focused company like T-Mobile and Comcast is beating us like a drum, and our new commandants are worried about Powerpoint fonts. It is little wonder that Hans hates Powerpoint.
6 levels below Hans puts most people at a band 6 sr. mgr.
Exactly if Hans is serious about 2.0 and Matt wants to eliminate waste reduce the layers and start in IT which added SVPs when we are outsourcing more and more functions
@1pnz: separately are you a SVP or a EVP at VZ???
@1pnz: who are you??? glad to discern that an individual of your capacity can share our pain!!! there were some good people displaced to facilitate the objective for restructuring defamed because of the wrong criterion/criteria.
VZ, and VZ IT, analytics, is struggling and will painfully survive. but the wrong VZ IT remainders are laughing all the way to the bank.
I used to joke with my wife there were only 4 people between me and Lowell, so I'd be CEO any day now. That was mid 2017. There are now 6 people between me and Hans, so even though we've lost tens of thousands since 2017, sure seems like we've picked up an awful lot of extra senior management!
And that same "middle" is the reason so many great people took the VSP... and why Verizon hasn't been able to make the curve on so many things they've been trying to shift.
And when reapplying they should all have to go through the annoying and pointless STAR method interview!
In my opinion if Verizon was smart they would set a target salary level (say 100,000- 450,000) and make them reapply to their current roles. The NYC school system does this in failing schools for administrators, teachers and other staff members.
In the interview, they would be told they need to justify why the position is there, why their work is necessary, and what they contribute to the business.
This would take care of the majority of useless middle management.
A good way to look at this is go back to December 2018 when vsp became finalized. 2.0 was just announced, and it looked like we were in the middle of a large scale restructuring of how we do business.
The only discernible change I've seen is on that day in December a bunch of director level and above got promotions or larger groups. To me VSP and 2.0 was just an exercise of cutting employees and letting management skip a few stops on their career advancement. If you were not a favored employee (see: longtimers) you are in the exact position as before 2.0. If you were not promoted during the past six months it's a clear sign you are either at the top of your career path (Principal etc) or are expendable to your current management tree.
Only the managers not politically connected were screwed and sent to Infosys