Thread regarding Verizon Communications Inc. layoffs

A high percentage of talent will be walking out the door

An intelligent and logical reorganization of the Business is one thing. This is just some spreadsheet pencil pushers who put together a cost savings plan designed to cut the top of the payroll and tenure. What that also means is cutting the most experience as well. It's great to be a "V-teamer" until you get to the back 1/2 of your career. At that point, you are just a liability. Morale is in the toilet and still descending. Stocks rise and fall. Are these decisions setting the foundation for a solid future and lasting growth? Time will tell. Once the blood bath is over, it will not be easy for those who are left. In past RIF's, that was often the very best talent in the organization. With this one, a high percentage of that talent will be walking out the door.

Bumped this from another thread. Think that @VUIvF6u-jvp made some valid points

by Anonymous
| 2165 views | | 6 replies (last November 1, 2018) | Reply
Post ID: @OP+VUrNAv0
Comment! It's anonymous!

6 replies (most recent on top)

@VUrNAv0-cvo That's a Henry Ford quote, and he actually did pay it

by Anonymous
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Post ID: @1gpw+VUrNAv0

Take a good long look around

There are maybe two or three people who know what they are doing

This is the future of the Network

by Anonymous
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Post ID: @1eoe+VUrNAv0

Talent already left. Anyone with a brain saw this coming and bailed some time ago.

by Anonymous
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Post ID: @1bmv+VUrNAv0

spot on CVO.

by Anonymous
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Post ID: @lcp+VUrNAv0

The engineer retired and a few weeks later the Big Machine broke down, which was essential to the company’s revenue. The Manager couldn’t get the machine to work again so the company called in The engineer as an independent consultant.

engineer agrees. He walks into the factory, takes a look at the Big Machine, grabs a sledge hammer, and whacks the machine once whereupon the machine starts right up. And the Engineer leaves and the company is making money again.

The next day Manager receives a bill from the Engineer for $5,000. Manager is furious at the price and refuses to pay. Engineer assures him that it’s a fair price. Manager retorts that if it’s a fair price The Engineer won’t mind itemizing the bill. Engineer agrees that this is a fair request and complies.

The new, itemized bill reads….

Hammer: $5

Knowing where to hit the machine with hammer: $4995

This parable applies to so many aspects of VZ, in our systems, in our network, in our product planning and market expertise, as well as in go to market. It’s not just about “skills.” Success also depends on experience. Fortunately VZ is large enough and has enough momentum in the market that they will likely make it through the gauntlet. However, it will be even more challenging with less experienced people. The next year will be a lot of rework, patchwork, and scrambling, just to keep the ship afloat.

by Anonymous
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Post ID: @cvo+VUrNAv0

"Talent" come on. While I'm sure there are some unique corners of VZW that require years of specialized experience and knowledge, like data science/technical fields, a large portion of the management employees could easily be replaced with new hires that have the core skills to succeed.

The talent you should be worried about leaving is newish VZW employees with unique skills and experience they have developed recently, compared to some employees who still struggle with Microsoft Excel but will go on and on about how nobody can replace what they do (which is.... What?) VZW isn't a political lobbying firm where years on the job can be held out as a badge. You don't need 20 years of experience to send emails and manage consultants.

by Anonymous
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Post ID: @iur+VUrNAv0

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