The chatter is escalating. Is there actually something to it, or is it just based on reasonable expectations?
Meeting in Bedminster today with "Important People"
So the meeting today in Bedminster was with many managers and other higher ups. The layoff rumors appear to be true, if anything this may just be like some other past RIFs. You get noticed then you have "X" amount of time to check for another... — read more
Serious question
What steps can the new CEO take to stop losing subscribers? What can be done to reverse something that's been going on for a while?
9 EVPs, 77 SVPs… 25% by 2030… so 6% a year tracks
This is AT&T’s “2020 Vision” but 10 years later, and the reduction goal being 25% instead of 1/3 of the workforce. I don’t know if there will be the COURTESY of another VSP but the HCL selloff was just a slap in the face. You had people with 30 years... — read more
5 days in office on its way
To get people to quit at first, then fire the rest that don’t follow the rules.
Is this rumor about massive RIFs on 10/23 for real?
I’m among those who expected nothing less from the new CEO, but cuts of 6% or more are a truly depressing number.
I don't mind layoffs
If the new CEO decides to actually get rid of the real fat, and we all know there’s plenty of it here, that’ll be one move I’ll applaud. You know exactly who I’m talking about, the unnecessary layers of management, the slackers who do nothing but... — read more
New ceo new contract settlement new changes new layoffs
I’m hearing rumors the first thing the new ceo did was to see about a contract extension.But not in way most would like .Sounds like in exchange for some kinda cap on medical the union would agree to the movement of work force needed to bring the... — read more
Verizon don’t ask for strike duty they tell you
We are asked to volunteer for different locations or functions but they do not ask you to volunteer as most managers are forced you do not have a choice.The only ones who have a choice are contractor like companies and such
Combine VBG VCG
Heard that’s the path forward, and it makes sense. Combine operations, leadership. Cut many many many many heads. Sure, it will rough for a while, but it’s all about the immediate savings. No one cares about 3 years from now, only the next qtr and... — read more
October 23rd - Huge RIF coming
RIF coming soon and notifications will be on 10/23. Believe it will be 6% across the company and all departments will be impacted. Thanks for the usual early Christmas present, Verizon.
There is something fishy about the Verizon CEO swap-out
Looks like the original post from yesterday was removed. Interesting article about the bad investments and Han’s sudden departure. https://www.lightreading.com/business-transformation/there-is-something-fishy-about-the-verizon-ceo-swap-out
Verizon is not too bright as a billion dollar company
why would you change CEO's just like that without giving wall street a heads up and of all months OCT.Which is notorious bad for stocks.Changing CEO's as a surprise tell investors that there is something wrong in this company.Glad i sold at 44... — read more
Verizon buys Starry
https://www.fierce-network.com/broadband/verizon-buys-starry-what-you-need-know
Just an FYI: This board will start complaining about Dan before the end of the month.
Just saying, human nature.
Extra Income/Side Work
Anyone has a side line of work, a business??? How do you manage to do it? Is it even possible given the amount of work we have? Any advice?
What is pay range for a Senior Director?
Curious how much my leadership makes. What is typical base and STI/LTI?
FRONTIER FYBR
Big layoffs across the board. The DEI hires from FCC OBAMA are coming. They are still employed at FYBR!
Follow the job board
The day after the announcement of a new CEO. Lots of open jobs postings disappeared from the jobs board. This trend always precedes RIFs.
Clean house and RIFs before merger
Dan is there to be the hatchet before the Frontier merger is complete. This way John Stratton doesn’t have to do the dirty work and ruin his image.
How do leaders pick who is laid off
is it by performance or bcuz of location, or just pure hatred?
Executive Bios on the company page is sloppy at best
Go and look at the executive-bios link. Dan's LinkedIn is not there, and there is an empty Phot logo. This is the sloppiness that says it all. No attention to detail, even at that high a level. In other companies, the communication leader will resign... — read more
Some of you just don't get it...
The new CEO, that's not change. It is the continuation of a plan. If l have seen this and lived it. Meatball did the job that Blackrock commanded. He hollowed out the company, and outsourced much of it. The only thing not yet completed it the... — read more
Value Marketing is a dumpster fire - stay away
Should we give all of our money and resources to support a retail brand that has no awareness or subscribers - apparently. Should we reorg, then reorg, then reorg again - yes please. This company is a joke and we’re dead in the water. Don’t apply... — read more
How long before we can expect to start seeing changes?
I'm sure the new CEO will want to put his stamp on things as soon as possible, but I doubt he'll want to rock the boat too much from the get go. I'd like to see him start cleaning house on day one but I realize that's too much to expect. But I also... — read more
Requesting volunteers for strike support
Has anyone else been asked about volunteering to attend training for future strike support?
Different companies, different priorities
Who says a CEO’s past track record means anything in a completely different environment? We’ll see soon enough where the new CEO stands on outsourcing or workforce cohesion.
There's no room for optimism
Verizon is too far gone for anyone to save it. Sure, things might get a little better, but years of bad decisions don’t just disappear overnight. Consequences stick around and demand payment long after the damage is done. I’d love to believe things... — read more
New Verizon ceo just in time for contract no coincidence
Listen this new CEO was brought in to cut management, cut costs and raise stock prices .This is no coincidence he was brought in right as the merge with frontier which has contracts and the largest current contract up in August that they could not... — read more
I was just getting used to the new logo
New Boss = New Logo
Predict Schulman's First Three Moves...
I'll go first: Cut Costs Cut Thick Mgmt Layers Build Alliances
Hans was a terrible CEO, anyone will be better.
That's all I have to say.
Dan Schulman is stepping in as Verizon’s new CEO. At PayPal he built a reputation for being employee-centric, even raising wages and improving b
Dan Schulman is stepping in as Verizon’s new CEO. At PayPal he built a reputation for being employee-centric, even raising wages and improving benefits for frontline staff. He talks about purpose and fairness, not just profit. Is this the turning of... — read more