Thread regarding Verizon Communications Inc. layoffs

Prediction for the company's future (revisit).

A lot of this is pretty obvious, but I'm posting them on here to revisit this topic a year from now.

1: Company will trim down and eventually shed off services that it or another company deems no longer profitable. The idea of spending on IoT, M2M, and video was a bust financially.

2: Company will sell of Wireline as it will be in bloat due to XO and other fiber assets being made available. The One Fiber debacle will probably implode or at least become exposed as a shell game fiasco.

3: Company will actually do well / same in the wireless capacity going forward. Wireless is now as commonplace as POTS was all through the early 2000s. Expect more pushes for expense trimming as products such as Visible start to become commonplace. Expect other competitors to follow suit.

4: Company will contract out and vendor source most jobs due to efficiency changes as per the current board and officer structure. This will start ramping up during the next 3 years.

5: Company will be bought out or merged with an existing technology based company. This is pretty obvious by the dividend increase without addressing debt to shareholders, the shedding of actual employees/assets, and the previous focus on overpaying and buying obsolete technology companies for their properties (AOL, Yajoo, etc).

6: Unions: The previous saving lifeline of the landline and VES infrastructure. If it wasn't for the unions, business units would've be sold off or divested off of the company's portfolio. If unions were not around, you would've seen a larger sell off when Frontier bought those markets a few years ago. The company may sell off, but unions will still be around.

7: Management: Will be severely cut due to non-growth of profitable markets and less than efficient workflows within their territories. This is what the company will stick by as their explanation when the RIFs continue.

Please feel free to add to this topic.

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| 3197 views | | 14 replies (last November 19, 2018) | Reply
Post ID: @OP+WbIZHy2

14 replies (most recent on top)

5G is it. Hans has said as much in his last web meeting. January kicks off Verizon 2.0 and "New Management Team".The only fiber being maintained is that that supports the new 5G network which will roll out 2020. After that, FIOS plant outages will be migrated to 5G. As for extremely rural areas, only those customers that can be reached by the 5G signal (almost a mile) by a cell tower will be covered. Everyone else can go elsewhere.

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Post ID: @2mep+WbIZHy2

What you describe is ordinary 5G network. Is a meshed 5G network really in the cards? Also, is either one an age-oriented network topology as implied? I want to write this down on my handheld device with stylus.

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Post ID: @1mds+WbIZHy2

The 5g- mesh network is the future. It will be avail in rural areas not just urban. In fact, using the 5g/ unlicensed spectrum has been used in rural areas for years to be able to bring them decent internet service when the big cable companies wouldn’t. Ten years from now, there will be NO FTTP ! It will be all wireless ! Think about it! Not having to roll a van w a highly paid technician to install the services! The customer just strolls on down to the local mall, goes to a vending machine, orders a Verizon modem and installs it themselves... it is coming... Whether the ole timers want to believe it or not!

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Post ID: @1dxq+WbIZHy2

I think @1bqg has simply took the favorite buzzwords of The Hans and The Shank and mashed them into an orgy of 5G telecommunications speak. A 5G mesh network? IoT towers? Ridiculous! (Or God so I hope.)

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Post ID: @1kcn+WbIZHy2

That's pretty funny. Most dark fiber went into the ground long before 5G was ever contemplated and is not as robust as new fiber. The last two comments show why the company is in trouble. When the senior leadership doesn't understand what they are selling or how it works, then you have a problem.

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Post ID: @1mqg+WbIZHy2

@WbIZHy2-1rnf I keep hearing that all 5G providers will be using Dark Fiber that is already laid by various companies. Does VZ or AT&T for that matter need to lay fiber?

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Post ID: @1czc+WbIZHy2

No. Hans strongly believes in 5G mesh networks through many IoT towers through virtualized service that is provisioned in the Cloud. The future is ALL 5G, no fiber. Now THAT'S leadership!

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Post ID: @1bqg+WbIZHy2

Fiber is an essential part of 5G deployments

Regardless of the wireless technology employed, fiber will be the supporting infrastructure for 5G networks.

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Post ID: @1rnf+WbIZHy2

5G, as we are rolling with it, is not the dream ticket that you think. 5G will not replace the cable because it will only be available in dense urban areas, and who knows if being bombarded with RF from every direction is even a healthy thing. Thankfully for the shareholders wireless will continue doing its thing - for a little while at least. How long did it take Hans to wreck Ericson?

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Post ID: @dno+WbIZHy2

5G probably will keep it alive, don’t know where the money will come from, unless they merge with a cash cow, but that will mean more rearranging.

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Post ID: @rae+WbIZHy2

What will they do with their fios markets in the northeast

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Post ID: @xcc+WbIZHy2

I agree with most of the Op's points, especially items 1,3 and 4. It is inevitable that entire network functions will be outsourced but what comes with that is a lack of quality and commitment. The outsourced manpower can be scaled up and down by Verizon as demand dictates without having to commit to any employees.

I have been here for quite some time and hope to make it through to retirement.

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Post ID: @vgi+WbIZHy2

Anything that can be done to save money will be done without regard to quality. IT being outsourced is a given, but I expect to see large portions of onshore Service, Finance, and technical teams in other departments go that way too. Familiar tools will be replaced with cheaper alternatives, even if there's a performance loss.

We're all in for 5G. If it meets internal expectations, we thrive. If it fails, so do we.

Good luck to anyone willing to stay for what's to come.

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Post ID: @rnq+WbIZHy2

That is a pretty interesting assessment. One could argue that the company leadership, or lack of leadership, invested in businesses that we had no competency in, yet abandoned projects midstream that are core competencies. But this gets back to what many have pointed out. Communications are a highly sought after commodity. People like to communicate and be entertained. None of the people leading this business apart from Kyle and Tammy have any real understanding of this business. Our marketing is nonmemorable or nonexistent and we are losing our leadership position in Network because the leaders abandoned it to pursue junk like Oath. Fortunately, as you point out, the company can run on its own despite the damage being inflicted by the people who think that they are 'leading' it.

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Post ID: @hmq+WbIZHy2

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