Topics regarding layoffs at Verizon Communications Inc.

Topics regarding layoffs at Verizon Communications Inc.

Sinking company

The atmosphere in general is getting worse and there is less and less hope that this company will ever stop sinking. How much longer will it take before it hits the rock bottom? I don't want that to happen, but I am no longer optimistic about the... — read more 

Rumor

Heard today that the inside managers are going take the brunt of the riff Soon after the inside associates that are union will be offered the enhanced eisp the ones that are not they will just cut.Thats how they will get their 15-20%

Hearing rumbles 2 stages of cuts coming

So hearing 15% to 20% more management riff coming !!The first round got the ones with time who may have been ready and was more targeted this one is gonna shock the ones that dont know its coming.Then second stage of this cost cutting after summer... — read more 

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| 3770 views | | 13 replies (last June 11, 2023)
Post ID: @OP+1n1aaKIl

GME livin the life!

https://amp.cnn.com/cnn/2023/06/07/business/gamestop-fires-ceo/index.html Hey investors. Try this!

What Amazon Wireless Would Mean for AT&T and Verizon Dividends https://www.marketwatch.com/articles/amazon-wireless-att-verizon-stock-dividends-

Just the thought of Amazon.com entering the wireless telecom business—as Bloomberg reported on June 2—was enough to send shares of Verizon Communications and AT&T tumbling. It also sent their dividend yields to mouthwatering levels. Their yields are... — read more 

Offer the union field techs a package

Lets face it the few techs in field left have over 30 years or close to it there are no young ones so if verizon wants to get everyone off payroll why not let all field techs go on their way ??Then there would be no reason to riff the managers who... — read more 

Why do I torture myself with Up to Speed?

Each time they promote Up to Speed, I hope that it will provide some meaningful information. Instead, it is continually as unfulfilling as our stock price over the last decade. Save some money by ceasing this senseless corporate communication.

Increased workload

I'm really interested in how the team will function after everyone's workload has been drastically increased. That is, I'm wondering who will be the first to leave. Do they really think that placing such a burden on the remaining employees is a... — read more 

Who owns the majority shares in verizon

Verizon Communications is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.3% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.9% of common stock, and State... — read more 

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| 1880 views | | 9 replies (last June 6, 2023)
Post ID: @OP+1mYexBaJ

Major Network Reorg

Expect announcements this month of major network team shakeup and reorg. Given potential revenue jolts from consumer side, network will see more rifs and director retirements. Russo already announce the first set last Friday.

Proud to be v teamer....

I am proud to be a valued member of my company's team...WOW, I said that without laughing. I think the medication is working, now off to work.

Wake Me Up When September Ends

Summer has come and passed The Domestic workers can never last Wake me up when September ends Like my past co-workers come to pass Seven years has gone so fast Wake me up when September ends Here comes the Rif's again Falling from the Rumor... — read more 

Seeking Alpha - Verizon: Black Swan Risk

Verizon: Black Swan Risk Jun. 04, 2023 8:00 AM Summary Verizon continues to face the threat of a tech giant entering the domestic wireless space. The wireless giant has seen their net debt level swell to over $150 billion just as another... — read more 

Layoffs and wireless network throttling

We know Hans leadership strategy is lay off people to make the look better. Now, I have a lot of people on our VZW network saying pages are incredibly slow or won’t load 75% of the time on newer iPhones. Wasn’t an issue previously , it was blazing... — read more 

Life at Verizon...

Triple the amount of work-check, Cut staffing-check, Set unrealistic goals-check, Show favoritism-check, Use the word "Teamwork" in every sentence-Priceless!

I see things haven't changed

Verizon used to try to cut its way to profit when I was there six years ago and from what I'm seeing and reading here, the same thing is happening now. I guess nobody in leadership has learned from the past. It didn't work then, and something tells... — read more 

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| 980 views | | no replies yet
Post ID: @OP+1mWn1HOk

Nothing like the old Verizon

Some people find it hard to leave because they still think this is the old Verizon they started working at a long time ago. But what does this company have in common with that old Verizon nowadays? Almost nothing.

Wireline Buy out packages

So been hearing lots of rumors anyone think they may offer the wireline outside forces a package to leave .Kinda makes sense they want people off the payroll & are riffing management .I also hear they may hire some new outside guys at the lower... — read more 

VSP WINNER

Even after more than two decades and taking the VSP (Voluntary Separation Program), I still find myself visiting this site every month. I remember the initial few months after accepting the VSP, when I faced a pay cut and heard all the news about how... — read more 

layoffs

Verizon is an Old Farrrt good ol boy network culture!//w/ top heavy management and needs to bleed the top management

I don't really care about performance anymore

Ever since I realized that RIFs mostly have nothing to do with performance, I don't put in nearly as much effort as I used to. I used to be very dedicated and tried to have the best possible performance, but what does that bring to the employee... — read more 

Are we really still a business?

https://www.fool.com/investing/2023/05/31/if-you-invested-1000-in-verizon-in-2014-this-is-ho/ If you had invested $1,000 in Verizon on Feb. 21, 2014 -- the fateful day it took full control of Verizon Wireless by buying out Vodafone's (NASDAQ: VOD)... — read more 

Value brands

This division is doing so well. Tracfone has managed to lose so many customers while visible can't complete number ports and loses numbers . The person running it is very pretty.

The hard truth

I feel for the impacted workers in customer service, but let's just be honest, no one was raving about Verizon's customer service. ever... As sales, calling customer service is the bane of my existence. I'd call on behalf of large clients so they... — read more 

No Guarantee for Severance

It was explained today if for CS, if too many reps choose severance pay that it wouldn’t be the option chosen and reps will then, have to stay despite choosing severance as our first option. This is explained during the Lunch and Learn. How insane is... — read more 

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