With everything coming down the pipe in all the departments. Staffing cuts to insane lows, additional work load, department consolidations, and additional spending cuts. Anyone feel that Verizon is positioning the company to sell? The current structure is not sustainable and basically is looking more and more like a sinking ship but the overhead is ridiculously low making is look appealing to a buyer, perhaps Google, or Comcast. In retail they’ve recently required all personal items removed from the store, all cabinets organized and mostly empty, nothing on or below counters, basically pristine at all times. What kind of company doesn’t allow employees a place for their personal items? It seems it’s all about appearance, all while giving us all more work and less pay. I just have hunch, they’re planning to sell and of course the upper management likely will make millions off of it.
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Google gonna buy this bi--h!!
I could see them selling off retail but not the network.
Not a chance in he-l! Stop smoking that stuff and think logically! They have a biz model most companies only dream of!!!
What are you talking about? Verizon makes 120B a year
I don't think a sale is in the cards. I think it is more likely a recognition that revenues will be stagnant until C band 5G is widely available and can be monetized. TMO has a strong lead there. The only way to grow profits/pay for the ridiculous amount we spent on the C band in the interim is to cut expenses.
To a degree, yes. They want to turn more stores indirect and offshore wfh. But don't let them fool you thinking all of this because of the Pandemic. This was in the works way before Corona.
No. Buy maybe, but not sell. (at least not as a whole). Their size is too large for Comcast (Verizon is larger than Comcast) and a company like Google would likely have to divest too much to make a sale worth it. I've also seen from M&A in the past, when a company is looking to sell, they usually have the opposite reaction. They ice the cake up, kick up spending, and try to do temporary actions that make employees happy and sales spike. When they are about to buy on the other hand, is when they tighten the belt, cut spending, and get bureaucratic.
But most of what you see going on is a reaction to the crazy economic and social situation most companies are in.