Verizon shares rose about 1.7% on the news.
Thousands upon thousands of people are about to lose their livelihoods, and investors are rubbing their greedy little hands together, rejoicing at the news. Really tells you something about the state of the world we live in.
10 replies (most recent on top)
Wow, the anti union guy upvoting the he-l out of his own comment. Nice work, but your time might be better spent asking your self why one CEO after another does nothing but shrink the workforce and then leave a hundred million dollars richer.
@a5 VZ can get rid of the union . Nothing stopping it . But non union dead weight just makes more sense.
@OP But VZ is a massively failing company. Costs have to come out, effiency has to improve. Otherwise no one at all will have a job!
@a5 Imagine if your father and your brother weren't the same fella.
@a3 That is why they are investors. If you invest money you want a return.
Imagine how high the stock would go if you got rid of the union.
Every time any company announces RIFS those Wall St bast..ds likes it. Look at Amazon, trading significantly higher since the rifs and. Microsoft, every time they have rifs the stock bounces. However, hasn't worked out for ATT because like VZ, they keep having rifs and continues to make bad investments
Investors never cared about anything but that $
Exactly. All working as planned. It has absolutely nothing to do with "the customer" and everything to do with hoovering more wealth up to the top.
"Focusing on the customer" and cutting heads, cutting costs, relying on contractors and shuttering corporate stores are mutually exclusive. It's never about the customer, it's never about the employees, it's about gullible wealthy people enriching their wealthy friends and we're along for the ride.
Investors might start worrying when the customer experience goes from bad to worse…