Wireline has been RIFing for years. 40 here, 50 there, this quarter, that quarter... RIFs have been ongoing for the last six years. Hundreds and hundreds have been shown the door, very quietly.
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Verizon to Reduce Number of Regional Offices, Cut Jobs
Scott Moritz
@MoritzDispatch
October 28, 2015 — 3:49 PM CDT
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Verizon Communications Inc., the largest U.S. wireless carrier, informed employees Wednesday that its wireless operations will be reorganized and that there will be an unspecified number of job cuts.
The company’s 20 regional offices will be reduced to six, Verizon spokesman Jim Gerace said Wednesday. He said some jobs will be eliminated though declined to say how many. Sales and store employees won’t be affected, he said.
Verizon, which had a workforce of 177,900 as of the end of the third quarter, is seeking to cut costs as U.S. households give up their traditional home phones in favor of mobile technology.
The company gets about 29 percent of its revenue from landlines, and is investing in wireless and Internet-delivered content. Last month Verizon introduced go90, a free mobile video service with shows aimed at teens. In 2000, landline operations accounted for 67 percent of revenue.
Thank God Lowell McAdams gets a $66,000 a month pension Good job all of you wireless workers Verizon is going to reward you
Remember this next year when it's time to vone your Verizon proxy Vote AGAINST all of the Board of Directors including Lowell
Wireline has had their RIFs. They have been releasing people since last winter and has not stopped. Finance to be hit on 11/19. Engineers were hit 3 weeks ago. PMs were let go this past summer. Wireless now has to be streamlined to equal wireline layout.
I've heard 20% IT RIFs across the board, both Wireless and Wireline
I was asking the same but no one has answered if wireline is impacted too.