VZ used to be a proud company... with a clear identity has turned into a hollow shell that's just bleeding subscribers while charging premium prices for sh---y service.
We're basically watching the Sprint playbook all over again - gradual decline, pieces of the business getting sold off, and a CEO who's more interested in appeasing Wall Street than actually fixing what's broken. Schullman sat on the board for 7 years as lead director while big H drove VZ company into the ground, and now he's suddenly the savior?
His track record speaks for itself -- fu---d Virgin Mobile, PayPal stock tanking 70% under his watch, should be expect different here??? sure, he'll turn us around this time.
And... hypocrisy of it all... We spent $50B on 5G spectrum that doesn't even provide decent coverage, bought fu---d piece of junk Frontier for $20B cause apparently we need fiber after Lowell ki-led our FiOS buildout years ago (we could've had 25 million fiber subs by now) and somhow the solution is cutting 13K jobs??? And increasing exec pay for this gem of a strategy????
All this is happenin while T-Mobile is eating our lunch because they actually invest in customer experience instead of just slashing costs.
The writing's on the wall this restructuring is just sh---y code for a slow death spiral with quarterly RIFs becoming the new normal (there is a thread on this).
Mark my words, we're looking at another 5% cuts per quarter with jobs shipped offshore while leadership pats themselves on the back.