The retirement changes caused some groups to lose up to 60%, voluntarily. Every manager, every employee, in nearly every group is fully up to speed on dealing with change, actually, that's our motto. Even the Frontier folks moving in 1st quarter 2016, happened before, nothing new. Now, once the new union contract is signed, assuming those rumors have any merit. VZ divesting itself of all wireline assets could be a driving factor of a lot of extra meetings.
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It's really hard to figure out, it varies drastically by group, department, org, I've seen some distinct groups get a 25% culling across the entire company, when others only got 10%. The 10% I'm speaking of is yearly average for what I see, but for the past two years it's been a quarterly trickle, interspersed with re-orgs. Which makes sense if they're trying to cut logically, trying not to negatively impact the customer.
I don't grade a company by the price of their stock, it's like deciding how good a football team is by the way people bet on them in Vegas. The unfortunate situation is, CEO's are graded on stock price, which is why Layoffs are utilized as a tool to manipulate stock price.
Considering that they laid off 20% in spring and have been laying people off every month this year, another 10% will make 30%+. The people going to Frontier will reduce the legacy wireline headcount further. Executive management is destroying the company and share value. It reflects in the stock value being negative for the year.