Thread regarding Verizon Communications Inc. layoffs

Look at how wrong you were. VERIZON doesn't wanna or shouldn't ever wanna take the PR hit like they did in 2016. They learned that the power of ppl and word of mouth cut into there mindshare, perception, and overall value with this dumb strike. Morons like yourself writing this article obviously don't have a clue. In a highly competitive market you cannot risk tarnishing your brand and or image!!!! That is why Verizon crumbled and gave in

@ctt You're stupid

And you do know that it has been documented that all of the company's bills (legal, advertising, etc) are charged to the wireline side making it look like a poor performer? If those bills were allocated to the respective portion of the business you would see quite a different outlook on which side is making how much.

You are such a tool. Did you know the all of the wireless calls go through the landline Central offices? Another genius who has no clue.

Let's look at the facts.

1. Wireline is still profitable, but it is about 7% of total profits.

2. Wirelline revenue is dropping.

3. The last mile is becoming less usefull, if 5G happens, that may take away a lot of the Union jobs.

4. Wireline is still regulated, VZ cannot just dump it.

5. After a few week VZ will hire cheap temp workers to replace the union folks.

So, both sides have skin in the game.

The union lies, VZ lies, that is the way it works.

Most people do not care about the union, and this will not hurt wireless in the short to mid term.

GLTA

The original poster's comments are spot on. If you look at Verizon's income statements the wireline business impact on their bottom line is small and for the most part negative. This strike could go on for months and it wouldn't significantly impact the company's profitability. It's pocket change for them.

I bet Verizon will be practically giving away what is left of their wireline business after this. Why would any company want to deal with this union stuff from a business that generates practically nothing to their bottom line?

I bet they draw this strike out for weeks then lock the people out. Then at whichever point this strike finally ends they'll sell off the business for pennies just to get rid of it.

No one's wireline businesses are profitable anymore. That's why they are going away.

For Verizon to have to put up with this much trouble from a business unit that generates practically nothing to their bottom line is one huge reason they are focusing on wireless that generates almost all their profits.

Who would want to deal with this stuff from a division that weighs down the rest of the company?

Verizon tells you that wireline is not profitable. The fact is verizon is cooking their book so bad that hell is throtteling their gas bill. There are states that are carching on and investigating. All the overhead for executives is being paid out from vireline side. The builds for towers and fiver to it? For wireless? Charged to wireline. They offload all they can to wireline budgets so wireless looks profitable. I seen it from both sides as an employee and now as them my client. Good business for me! Wonder why verizon wont use their landline employees to build their vz network

I guess you forgot that it's only wireless from your phone to the tower. Pretty useless wireline network right?

Uux the biggest problem with your statement is that you relate directors & managers being on assignment to hurting the business. Most of the managers and pretty much all directors are useless anyway, it's the sub-manager peons who do 90% of the work of the company anyway... And yes there are plenty of those on ewas. Other thing to keep in mind, the last thing in the world the company wants is vzw stores to unionize. So if they cave now all that would do is encourage stores to say hey, the Union went on strike and look what happened, maybe we do need to follow suit. So that means the company will need to take an even harder line then they were pre-strike.

Verizon, no matter what you say is regulated by the PSc and the fcc. How many complaints do you think they can get about wireline service from their customers and not get fined? You act like Verizon can do whatever they want and not be disciplined for it. They have to take care of their customers. They provide a service. You are delusional. A lot of customers have fios. Most of it's employees have triple play services and wireless as well. They cannot ignore that. They have to maintain it or get fined. We as craft employees and consumers have a lot of strength and power. we just need to use it.

Are you kidding me? Wireline is heavily regulated. Verizon can't just dump it, they have to sell it or maintain it.

And who wants to buy it now with all that's going on.

You don't think the strike is hurting the wireless business? Wong. Wireless employees are backfilling the wireline positions that are on strike. When you have disruption like that, it is not good for business continuity and operations.

You think Verizon hugely profitable? Wrong again! The company is broke, buried in debt. It's a house of cards: if interest rates go up on Verizon's maturing debt, if the stock price drops, if subscriber growth reverses course, if anything happens that effects Verizon's ability to pay on its massive debt load or pay out on its dividends to shareholders - it will all unravel quickly.

Don't believe me? Wait and see. The bigger they are, the harder they fall. Verizon is a goliath ripe for the picking.

No one wants to face the fact that this gravy train is over. Lowell and his morons have zero plans to continue the ride. They maxed out the VZ credit card and now they don't know how to pay the bill. Of course there are no signs of panic, don't want to scare the precious shareholders. But trust me, a day of reckoning is coming soon that will make this strike look like a Christmas party.

You have no clue about access lines

In terms of wireline business is concerned that is true it has little impact but from PR stand point especially the silly article that Lowel wrote might have a major impact on Verizon especially if it drags out too long. So, it is not in anyone's best interest if this goes out too long well maybe Bernie Sanders will benefit a bit from it.

Just because you don't like the message doesn't make it ignorant. In fact it's quite accurate.

Verizon can afford to be inefficient in it's wireline business for all the reasons that were stated. And those managers that are not able to do their job while this goes on? They are all wireline managers, and as the previous post stated that part of the business is already an insignificant drag on Verizon's financials. Do you really think a business unit that provides less than 1/20th of the company's income and very little profit is something that is going to make a dent in VZ's bottom line? If you do I've got a bridge in California to sell you, cheap.

Unless it's VzW, it doesn't really matter to VZ's bottom line. This strike could go on for months and VZ wouldn't miss a beat financially nor would they be affected by poor service in a business that already had poor service. It simply doesn't hurt their bottom line, and they want out of the wireline business anyway.

That's the hard truth of the matter. If you think it's "ignorant" to view the hard facts then I'd suggest you are clutching at straws in fantasyland with your hopes that this strike has any significant effect to the company's bottom line. It simply isn't significant compared to the 99% of their profit that comes from VzW.

California has wireless maintaing their fiber network, union thugs hate that

"VZ can play this game for months because their wireline revenue is insignificant compared to their overall business."

What an ignorant statement. Meanwhile many managers and directors and individual contributors who have real jobs within Verizon, are not doing those jobs. This means that the company cannot operate efficiently or economically during the strike. It also puts the company in a bad light to customers. Lowell had to get some facetime in front of the pickets today because of his faux pas yesterday with Sanders and the income tax debate. It also hurts the customers and all of the employees families during this period.

Fortunately, based on your statement I have little doubt that you won't have too many more years before you get that tap on the shoulder and riffed. Don't believe me? I've watched this for almost 30 years. When that day does come and you go to bed that night, remember what you posted here.

Agree. Verizon execs have to be thinking "Wireline isn't a business we want to be in anyway, these employees seem to hate us, so why in the heck would we ever want to give these employees a cent more than we already do or waste any effort on this?"

The union is like an annoying mosquito, and the company has no reason to care if their service levels drop in a business that isn't profitable anyway. The union is just making it all the more obvious why Verizon needs to get out of the wireline business. Nothing good comes from that business unit -- only headaches.