Hello Mid-Markets, get ready for next week. They are going to be cutting 18% of headcount including A.D and Directors. They will be consolidating areas to meet this need. They have made a supervisory headcount minimum of 10 persons. Good thing they kept your stock together award so it doesn’t vest when you get your walking papers.
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This, like always, aged well. If you are unhappy, sever yourself.
Every year around late October, the same quiet anxiety spreads across Verizon’s midmarket teams. If you’ve been through a few fiscal cycles, you already know the drill: leadership starts talking heavy about “operational efficiency,” calendar invites get real vague, and suddenly fourth-quarter severance charges are being booked to balance the books.
It’s not bad luck or a sudden shift in strategy, it’s just standard corporate math. Midmarket has always been in a tough spot. You aren’t low-touch consumer accounts that can be passed off to self-service portals, and you aren’t multi-million dollar enterprise accounts with dedicated multi-year contracts. You carry real sales overhead in a segment where margins are getting squeezed hard by carrier price wars.
When Q4 hits and executive leadership needs to hit their full-year EBITDA targets and protect that massive 6% dividend yield for Wall Street, headcount is the biggest lever they have left to pull. Take a look at past SEC filings: booking over $1.5 billion in Q4 restructuring charges to clear thousands of roles off the balance sheet is a proven playbook. Eliminating midmarket roles right before January isn't an accident, it’s balance sheet cleanup, plain and simple.
Trolls.... oh trolls.... where art thou?
we are well past the "next week" from the original post. We are almost two now with nothing.
@gr we hope so too!
@1er has to depend on the market. Last flood call r2b/smb was -5k gross ads
@gr r2B is crushing new accounts and adds. Plus they are the least compensated. Mid market is cooked!
Bout out of time with your fear mongering post, quit your day job
It will just be another performance clean up. It’s going to be the exact same thing like last year. Notices after Thanksgiving off payroll by mid December.
lol proof. Do you want the file of the names up loaded? All you have to do is the math of the percentage the CEO said he would cut and how many he has, do the math and calculate the proof.
@gr ouch! Not all of us were a waste of space there. Many of us worked for the company for decades and not only helped stores but had to do their own prospecting. Get pulled in 5 different directions and calling the entire position a waste of space is just wrong.
Have the day you deserve!
No proof?
i hope they start w the waste of space "r2b" reps