A price drop of more than 5% is considered a crash. When there is a crash because there are no new customers then there will be more layoffs, less customers, less sales, and even more layoffs. Stratton is snickering somewhere!
June 6
Is everyone ready to RTO?
$20/hr increase has me worried...
I seem to feel a pattern happening. When something too good to be true comes around the corner with Verizon than not to much further down the road people start losing their jobs. I am really hoping that the company is true about doing this for... — read more
Casa Systems stock jumps as Verizon buys 9.9% stake
Casa Systems (NASDAQ:CASA) shares jumped more than 40% premarket after announcing that Verizon (NYSE:VZ) will invest approximately $40M in the company's common stock, resulting in a 9.9% ownership stake. The company also won a multi-year purchase... — read more
Verizon (VZ +0.5%) has boosted its minimum wage to $20/hr.
Verizon (VZ +0.5%) has boosted its minimum wage to $20 per hour for a large number of employees, part of a push for retention and hiring in a tough labor market. The company says new employees in Customer Service will receive $20/hour, and new... — read more
Seeking Alpha: Does The Drop In Verizon Provide A Buying Opportunity?
Does The Drop In Verizon Provide A Buying Opportunity? +Play And More Apr. 11, 2022 12:23 PM ET Summary Verizon just garnered the 27th consecutive award for network quality from J.D. Power. The shares have trended downward since the end of 2020 and... — read more
With the upcoming 6 and 6, are there that many people that will take it?
Most union people are happy, as far as I can tell. Though we joke how the New York offices are full of degenerates who are unhappy, I still think most like the company. Anyway, do you think a lot of people will take the 6 and 6 when it’s offered? ... — read more
Verizon unit TracFone reaches $13.4 mln U.S. false claims settlement
Verizon unit TracFone reaches $13.4 mln U.S. false claims settlement Reuters by David Shepardson, April 5, 2022 TracFone Wireless agreed to a $13.4 million settlement to resolve false claims allegations in connection with the Federal... — read more
FCC order 19-72A1
The Sunset of Copper POTS (“Plain Old Telephone Service”) Lines FCC order 19-72A1 (issued August 2, 2019) has officially granted telecommunications carriers permission to abandon outdated, degrading copper POTs lines. Per the order, carriers are not... — read more
PBGC rate increases
PBGC rate increased to .5%. Time to check your lump sum pension. Anybody think Verizon will make a change in the pension calculation to avoid an exodus?
T-Mobile Plan for VZ Retirees
I am approaching TMUS about having a plan for retirees from VZ, which would be quite a coup for them and the retirees.
Verizon 3.0 in the works
Congratulations another transformation is amongst us. With the union strike around the corner Hans has decided to also roll out VZ 3.0 along with another VSP. As an HR leader I’m appalled and disappointed. Will happen in early 2023.
So many hateful people
I'm not sure if hateful people find Verizon to be a great employer so they aim to get a job here or if normal people join Verizon and then the company and its toxic atmosphere turn them into hateful caricatures of themselves, but either way, this... — read more
Stockholm syndrome
I don’t get the point of all these comments about how much better it is in other companies and how awful it is here, which come from people who are still here. What's the problem? Why would anyone be here if it is so drastically better in other... — read more
If the layoffs happen because of cost cutting……
Then isn’t it more logical that all levels of employees should be affected easily. Or maybe the management should be affected even more because they earn more. What I see whenever layoffs come is that regular employees only get affected. They throw... — read more
Curious case in GTS
There is a curious case in GTS. Certain someone was hired as sr engg fresh out of college after completing internship. Sr engg calls for 10 years of experience. Also band 6 and above are entitled for the work phones in GTS. This certain someone... — read more
IBD: Why The Controversy Over 5G Home Broadband Isn't Going Away
Why The Controversy Over 5G Home Broadband Isn't Going Away REINHARDT KRAUSE04:44 PM ET 03/24/2022 Whether 5G wireless networks transform into a hot new revenue source could well decide the fate of telecom stocks in coming years. But not everyone... — read more
big news coming????
big news is coming down the pike. gonna be a whole new ball game
Grass isn’t greener.
I left 6-7 months ago. Was super stressed out. Store was short staffed. Couldn’t see on the other side or think straight due to being over worked, overwhelmed. I had to leave for my own mental health. Word of advice for those of you who may be... — read more
Thank You For Your Leadership
"Those who invested in Verizon Communications (NYSE:VZ) three years ago are up 2.3% ... with the share price dropping 10% in three years, versus a market return of about 60%" Yahoo Finance, 3/18/22
Layoff is certainly not my biggest concern
I am under so much stress and pressure, the layoff has become my least concern here.... I am much more worried about what I will do and how I will continue working here if I do not find a new job soon... In addition, I think that most people here... — read more
Verizon's commitment to be Carbon Neutral by 2035 and record high gas prices
Since Verizon desires to be a green company one would think management would mandate work at home rather than leaving it up to the executives in each respective organization (Directors deliver the message, but they don't set policy). Also, add in... — read more
Walgreens replaced some fridge doors with screens. And some shoppers absolutely hate it
Verizon Ventures invested in CoolerScreens, perhaps same thing will come to Vz Retail stores : https://www.cnn.com/2022/03/12/business/walgreens-freezer-screens/index.html
5g ultra roll out and roadmap
Unless you are a retail customer (Walgreens, Walmart) in metropolitan areas the 5G ultra coverage is virtually non existent. T mobile is way ahead. Any idea what the rollout and coverage will look like at the end of 2022, 2023 and 2024? We are... — read more
Indeed: Verizon 10 new jobs found
Cybersecurity Analyst - Entry Level Opportunity Verizon - Texas You will put your degree to use and gain experience in a new field through on-the-job training. Reviewing security events generated within the Verizon network… Mar 9 Counsel Verizon -... — read more
Off payroll 3/11
I have seen hardly any post surrounding this last round of layoffs due to ops merger. I was impacted and today was to be my last day. Thankfully I started a new role with the company Monday. So glad to be able to stay. My thoughts are with anyone... — read more
Dreading going back to an office
My office is the most homophobic, racist, and bigoted place I’ve ever worked. I would love to go back but to another office, preferably somewhere outside of my state. Everyone one hates the other, it’s ridiculously uncomfortable. The excuse my... — read more
Talent Acquisition switch to vendors
Meetings held in person yesterday to layoff and use external vendors. Talks are preliminary but expected to roll out in Q4.
Negotiate pay
Band 6 making a lateral move. Will this come with a raise and should I try to negotiate for more?
Accelerating Revenue and Cash Flow Growth "Through our deliberate strategy of investment and divestment"
Hans Vestberg and leaders took stage in NYC to share Verizon’s vision and strategy, powered by our #5G network, that’ll source our growth over the next couple of years. https://vz.to/3pq31UW Verizon expects to generate service and other revenue... — read more
I wish higher ups pay was affected by the satisfaction of their employees
Maybe something would change for the better for once. Employees in stores deserve so much more than they get, and there’s so much expected of them for the same pay rate for working at a gas station. it’s ridiculous
“We’re here today to talk about a very different Verizon,” CEO Hans Vestberg began
That is the problem. The new "globalist" kumbaya nonsense has done absolutely nothing for cash flow, just like 2.0! It is time for the company to focus on its core competencies instead of promoting its core incompetencies.
Seeking Alpha: Verizon aims new 'Plus Play' as subscription hub for streaming era
Verizon (VZ +0.2%) has announced a "Plus Play" platform that it sees as a gateway for subscribers to manage a growing number of streaming services and other lifestyle subscriptions - notably including a partnership with Netflix (NFLX -2.8%).
Verizon cares about Ukraine
Of course Verizon cares about Ukraine! It’s a country known for outsourced cheap IT labor. Probably care about Ukraine more than their own employees.
Degradation
I thought I did the right thing by coming here. Now it turns out that I came here from a company that was better than this. There is always some high school drama here. I'm really sick of it. I hope not many people made the same mistake as I did by... — read more
Work From Home....EXTENDED !!!!
Just got notification that Work From Home is extended until June 4. Suck it, haters.