Thread regarding Verizon Wireless layoffs

VZ is a DEI Wasteland

It’s truly mind-boggling that Hans is still at the helm when the stock has been stuck in the mud for over three years—trading at less than half the price it was when he tragically inherited the role after running Ericsson into the ground (assuming that disaster of a company still exists). The reality is, Verizon has no real strategy beyond slashing costs and ja--ing up prices, all while its so-called "strategic" senior leaders laughably pat themselves on the back for their supposed brilliance.

The company is rotting from the inside, thanks to an entrenched, incompetent management class, some who have spent over two decades siphoning every last drop of value from the business. And to make matters worse, this incompetence is neatly packaged in a DEI wrapper, accelerating Verizon’s downward spiral. Just listen to some of these senior leaders—they are neither sharp nor particularly capable, but they sure know how to flood LinkedIn with self-congratulatory posts about their "impact." It’s impossible to ignore the suspicion that many of them are in their positions to check a quota box rather than for any actual ability—because if ability were the deciding factor, the company wouldn't be in this mess.

Even worse, HR plays along, covering for these so-called "leaders" despite their well-known histories of bad behavior, simply shuffling them from one department to another like pieces in a rigged game. Meanwhile, employees are bombarded with corporate drivel about "managing your brand"—as if the company itself isn't just a case study in brand mismanagement. The one thing leadership has mastered? Managing their DEI credentials, because that’s the only qualification they actually have.

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| 1851 views | | 14 replies (last February 16, 2025) | Reply
Post ID: @OP+1jjx51nmw

14 replies (most recent on top)

Funny how scared white folks losing their jobs to younger foreign talented workers and immediately blame it on DEI and woke.

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Post ID: @2n9+1jjx51nmw

Just say you don’t want to report to anyone black and leave it at that VZW has some of the most educated poc in the game smh don’t be ashamed of your racism 45-47 is in office now it’s your time to shine and wear it proudly

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Post ID: @zd+1jjx51nmw

Yall know Hans sits on the board of Blacrock right!!!!! Iykyk it’s not by chance that he is the CEO

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Post ID: @x6+1jjx51nmw

Whenever I read comments talking about Karen's and Kens, I think that must be nice. My area has a lot of Shamekas and Jamals

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Post ID: @v3+1jjx51nmw

He was hired to off shore and cut. He’s done that. There are complete verticals in other countries now. He’s been renewed twice, it isn’t because he is failing.

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Post ID: @rj+1jjx51nmw

The desperate attempt to defend Verizon’s stock performance under Vestberg by adjusting for dividends is nothing more than a convenient distortion of reality. The hard truth? When Hans took over, VZ was trading at $52, briefly spiked to $62, and then collapsed to as low as $30—a brutal decline of over 50% from its peak. That’s not just a bad run—that’s catastrophic mismanagement.

I’m not sure about the DEI argument (though it certainly seems plausible), but what’s indisputable is this: $1 invested in Verizon on August 1, 2018, would be worth less today (or close to it) when adjusted for inflation. In other words, Vestberg has created zero real value. And to make matters even worse, the broader market has soared, delivering double-digit returns. That means anyone who put their money into VZ instead of an index fund didn't just miss out—they got robbed of one of the longest bull markets in history.

In fact, you could argue that Verizon would be worth more if the entire company were liquidated and the cash stuffed into a CD over the last two years. If that money had gone into an S&P 500 fund (considered one of the safest long term investments), it would have outperformed VZ by well over 50%.
Next time, try doing an ounce of real analysis before spinning fairy tales.

BOTTOM LINE: ZERO VALUE.

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Post ID: @h0+1jjx51nmw

You have no idea how right you are. Even worse is they have rifted the valuable talent in so many areas and now "wireless" leadership is populated by old school VZB (former MCI Worldcom) people who have no clue how to truly lead and are slowly destroying wireless the way they ki-led VZB.

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Post ID: @gy+1jjx51nmw

To the OP: Hans Vestberg became the CEO of Verizon Communications on August 1, 2018. At that time, VZ stock was trading at $36.61. Today, the stock is trading at $39.39. One can certainly argue that the stock has underperformed, but to say that it's trading at less than half the price it was when he became CEO is bullsh-t. Stop making up facts.

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Post ID: @gn+1jjx51nmw

Two things can be true at once. DEI su-ks. It focuses on the wrong things about a human to determine if they are capable and it wastes time and resources in the process. And second, Corporations generally are so mired in the culture of maximum returns no matter what, that every other facet of the businesses suffer.

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Post ID: @gh+1jjx51nmw

Lol all the racists coming out!! Let's make the world YT again 😆 Meanwhile majority of leadership is one color with a sprinkle here and there of DEI. Boy people I tell ya delusional. Make way for the Ken's and Karen's yall they are going to clean up this town and make it Malibu Barbie fabulous 👌

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Post ID: @gf+1jjx51nmw

We all saw what happened to Anheiser Busch

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Post ID: @db+1jjx51nmw

How are the other Fortune 500 companies that have White, Entitled and Inept (WEI) doing?

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Post ID: @ck+1jjx51nmw

Yeah, go ahead and blame DEI for all this sc--w up.. There's always a scapegoat.

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Post ID: @cj+1jjx51nmw

I think this post is not only for Verizon but many other fortune 500 companies

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Post ID: @ch+1jjx51nmw

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