Ouch!

Dividend cut coming

Verizom spent 100 Billion for 5 G per Mobile X CEO on Fox Business yesterday. It is a Bust!

U.S. communications giant Verizon has decided to close its Ventures operations in Israel. According to Eyal Mamistvalov, Principal at Verizon Ventures: “The company’s new strategy is to primarily focus on the U.S. market, and hence the decision to... — read more 

Verizon may be considering options to get out of its remaining 20 year lease with Mesirow Reality (signed in 2017) for their 1 Verizon Way, Basking Ridge Headquarters in light of the company's continuing struggles. Given the complex has been... — read more 

Extreme cost cutting is continuing including upcoming RIF in March / April across the board.

Sorry VZ, but I’m not switching to your new plans. I don’t give a flying #$#% about 5G, 6G, etc. . This ain’t 2005 and your network dominance is a distant memory, just like the concept of competent leadership. T-Mobile here I come — read more 

Verizon Shakes Up Executive Team After Tough Year The shake-up comes as Verizon’s consumer group, its largest division, has struggled to hang on to its core subscriber base in competition from rivals AT&T Inc. and T-Mobile US Inc. “I think we were... — read more 

The consumer group has been a problem child for Verizon as the company has seen its phone subscriber numbers drop in recent quarters. Ronan Dunne led the group for five years from 2016 to 2021. He was then replaced in January 2022 by Manon... — read more 

Is it even possible to get promoted if you're not well connected?

The surest way to know the Titanic is going down is by how often they rearrange the deck chairs. Looks like Ellis took a life boat.

The Love Boat with Capt. Hans is moving chairs around on the deck. Nothing to see here. Just an ice berg on the horizon

Verizon really need to restructure their CX team. You have the worst site and app.. disjointed experience. Believe it or not , they have one person for each page and still the experience is so bad. Some of them are so ancient and so resistant to any... — read more 

A slight reprieve from this quarter, but still a bloodbath compared to the 1.36 rate for the the end of 2020.

What is this?

More layoffs today - post if you were impacted

Just looked at the Stock Together Distribution into on my fidelity account... looks like the payout is going to be about 77% of the initial grant value... and that after another year of STI below target... I've been here long enough to remember when... — read more 

On the topic of Sam's org. They are tone deaf. They're proud to celebrate women's history month with different activities such as networking events and writing a note to a woman seeking a job for a particular charity. All of this while women who work... — read more 

Quite apparent that the wireless community sees a lackadaisical company doing very little that's interesting or impactful. Stock dropped to 38.30 today, down from 39.10 on Monday.

Under LR who got got?

I appreciate Sam's handwringing over the joke that is the Pulse 1Q23 results. Yeah, we're going to address some of the problems, she says. First, we need to let go of the problems, she mean. See you at the RIF!

At this point, I would be willing to take a major pay cut to get a better work/life balance, more autonomy, fewer layoffs, and most importantly, to start working somewhere with a normal work environment instead of the toxic mess that is Verizon. I... — read more 

Why does Verizon make it Impossible to cancel Disney Plus after the promotion period. I take 20 calls a day from people asking why they are getting charged for this service that they can’t cancel online.

Will they really do this? https://www.thales-ld.com/verizons-possible-sale-of-wireline-business-generates-interest-from-investors/

This story reminds me of my last 10 years at Verizon. https://www.bostonmagazine.com/news/2023/02/23/jackie-bruno-having-it-all/ Constantly swimming against the tide in an unhealthy toxic work place at Verizon without getting caught in a RIFtide... — read more 

Just heard from ED that GNT will be having a RIF of 10%. Decision by next week. All backfills closing, travel halted. OPEX being slashed. 1Q23 not looking good.

Yeah, this makes me want to RTO.

does anyone have any inside info on surplus or eisp

Some of you are acting like you've been working from home your entire lives. You haven't though. Working from office was your default for years or decades and now suddenly you can't even imagine doing it again? Why? Why didn't you complain about it... — read more 

Gotta love the gut punch Verizon gives after a layoff. I have never gotten mail offer for a credit card from Verizon, until now. WTF, they give the layoff list to the Verizon credit card marketing team ? Such crass. I switched to T-mobile the day... — read more 

How many vteamers have slipped through the cracks, get paid biweekly, but aren't really accoutable? 5% - 10% possibly? You've got to recognize their are some, not sure how many.

seem like the work is less and less everyday,big cuts to OT and somedays theres very little work,is see a big surplus coming by the summer..anybody know whats going on or whats verizon's future plans are.

My last day was 12/30. On Friday 2/17 I got a bill from VZN payroll for Life insurance from January-March 2023. Needless to say it isn’t getting paid. So you lay us off, the tax man takes a huge cut of our severance and now you want me to pay... — read more 

April 2023, 1 day a week. July 2023, two days a week. 4th quarter, 3-4 days a week depending on management discretion.

I’m curious. I was laid off yesterday. A big corporation like Verizon must have a process they go through before notifying the employee. I’m trying to backtrack over conversations and events to determine when the decision was made to put me on the... — read more 

Constantly looking over your shoulder to predict whether you'll be riffed next. Constantly adapting to new organization structures or leaders as they things around. Constantly taking on more work as the responsibilities from those who were let go get... — read more 

Only seeing layoffs confirmed today. Did the powers-that-be wait an extra day to throw everyone off?

Well basically I was working a Retail Sales Associate, full timer. Went to open the store as usual. Manager call me to the office and told me the store was closing and all crew have 1 month to figure it out. This is bs. I feel sad and disappointed. — read more 

for those laid off today, keep your spirits up - there will be something else either better or the same outside of VZ I have a WARN letter from 2005 - I was able to get something else outside of my original job at VZW and thrived in the new... — read more