https://www.fierce-network.com/broadband/verizon-ceo-schulman-says-hes-demanding-employees-its-paying
I think you all are reading this wrong. His definition of touch means "I keep them in the dark and sprinkle in RIF's every other week so no employee feels safe, nobody has direction and nobody knows the end game".
Not paying off for employees.... raises so small it's a rounding error, never enough to address rising costs of everything. Execs still is roles they have no business being in.
It's a dumpster fire under hood.
find John Becker he will fix Verizon and eliminate the riff raff especially Senior Directors who dance around on quarterly Team calls
The moment you understand that he is just an actor, it will all make sense. These are not his decisions. He is an old decrepit man...with no idea how to fix this company. An albatross...
We need more layoffs, but layoff the right people this time.
Gurl bye.
I watched the meeting and just could not believe this was our Executive Team. I did LOL when Alfonso started explaining the Ox moment and it fell flat. This is just unreal and we are a national company. Then the HR lady spoke -well spoken but no substance…embarrassing and pitiful..can’t we find any real Executive Leadership?
@OP Lift our game? Our wireless product is sh1t.
how did the last 12 months pan out, projects were delayed, re-organizations occurred. New CISO hired, no 30, 60, 90-day plan, no review of cybersecurity investments and why. No vendor-agnostic 3rd party hired to thoroughly review the various organizations. Low volume of email across any of the organizations. No focus. Stock will tumble more, but a new VP of HR
He's right, his pay and rewards are very demanding. Under his transformational leadership the stock reached whopping $44 after burning $3.5 bn on stock buybacks 👏
It takes a village local id--ts to sell this as a success.
Yeah he’s demanding - demanding they leave
Plan must be working, stock went down to 43.18!!
He just claimed that AGI is 18 months away, a full year after he said that AGI was 18 months away, mumbled something about quantum computing being imminent then threw in cold fusion for the trifecta. This is the guy running (purportedly) the company.
Lift our game? What have we been doing for the last year?
Improved EBITDA, improved EBITDA margin, improved cash flow - all up YoY for 1 reason and 1 reason only - because of laying people off.
Enjoy the transformation showcase. My personal favorite is the train track. Need to cut at least 5 more people to pay for the displays
Some of that growth in postpay was because they shifted tens of thousands of long time prepaid customers who were on Autopay to the Simplicity plan for $30 per month and called it growth. Verizon missed revenue targets. Customers are not upgrading as often. Existing customers are being told it’s cheaper to add a new line to get a free phone than pay off existing device payments. It will all come back to bite them.
this has to be a joke. Shulman is a fu---r