few are saying eisp will be there. few are saying no layoffs till q1. this site used to be very accurate earlier..now no one knows what the heck is happening.
12 replies (most recent on top)
I heard big packages are coming. If you don't have a big mailbox, they will skip you.
What I heard at the 3rd quarter report was the 10,400 employee cut wasn’t enough and deploying 5g home as fast a possible with pushing customer install. = Less techs
ENHANCED INCOME SEVERANCE PLAN(EISP)
Forgive my ignorance, can someone tell me what EISP stands for? Thank you !!
I know that Christmas will follow Thanksgiving, it gets murky beyond that.
The best way to save 5.4 billion is to cut back on the dividend.
The best way to pay down the debt is to cut back on the dividend.
Of course, we know that will not happen.
techs have no work, not replacing trucks, massive EISP coming in 2 weeks.
RIF's start next week. An EISP will be offered to a select few before the end of the year.
Nobody knows unless you sit in on their board meetings
What we do know is the company has realized cumulative cash savings of $4.6 billion and are on track to achieve our goal of $10 billion of cumulative cash savings by 2021. The big question is how are they going to save $5.4B by 2021? EISP? Management RIFs? Other?
Well if there is going to be an eisp, it should be this quarter, not next. Next quarter, the company would be on the line to payout vacation as well as the eisp offer. Maybe no eisp this year, just Holiday RIF. And if another VSP were coming, I think we would have heard by now .
That would be because those who make the decisions aren’t sure. They’ve flipped the coin, it landed on the edge.