http://www.fiercewireless.com/wireless/ericsson-ousts-vestberg-after-26-drop-net-sales Ericsson (NASDAQ: ERIC) ousted CEO Hans Vestberg less than a week after the company posted a 26 percent year-over-year drop in net sales during the second quarter.
Link to the reorg announcement
http://www.verizon.com/about/news/verizon-positions-senior-leadership-accelerate-delivery-next-generation-services
Reorg announced today on vz web
Good luck everyone
Bonus and Vars
Its ok, they will continue to layoff people, yet the Directors and above will get their fat bonus and Var checks. Not sure why when people were told they were doing away with VAR's and stock options, more people didnt go crazy that they were kept at... — read more
Thoughts on safeness of position?
Yes, I get it, "no one is safe". I get it, trust me I do. However, my question is, I survived the Exp/Ops specialist cut last October and was moved into the newly-created RSS role. It's basically a mashup of the Exp/Ops role. I work at an "A" store... — read more
After 4Q16 retail results the writing was on the wall.
After 4Q16 retail results the writing was on the wall. - I had a chance of going into retail management after a call center lay off and I'm relieved I didn't because it's clear there's going to be a huge RIF in that channel. I've heard April 6th... — read more
Can Verizon even downsize their workforce even more than they have already?
They are pretty bare bones with all the layoffs and Eisps that have been offered. I do not see anywhere they can cut any further.
Profit Sharing for 2016
I was on payroll until end of December and paperwork says I will still get 2016 Profit Sharing award. Isn't it usually awarded end of March? Also does anyone know if I still get the award if I pulled my money from fidelity?
Life After VZ not the same Place Anymore
Well I like many others had their last day last week with closures of Wireless Call Centers in the Northeast. Wireless down to17 centers and counting as rumors flying of moving down to 12 very soon. Funny they make exceptions for some to stay on and... — read more
Doing the VZW check dance on IG and Twitter isn't going to save u.
Wake up people. Your foolishness on social media isn't going to save u in the coming weeks. Save the check marks for the unemployment line when u need to check. Have u looked for a job this week. Good luck millennials.....✓✓✓✓✓.
The White House Layoffs To Commence
https://www.opm.gov/policy-data-oversight/workforce-restructuring/reductions-in-force/workforce_reshaping.pdf --- They are calling it "Workforce Reshaping" - just when you thought that nothing can be more stupid than "Reduction in Force" someone... — read more
XO
Us at XO are getting increasingly nervous about layoffs. Things just aren't adding up anymore regardless of what management tells us. One of our billing locations has already been hit with 30 day letters saying move to Oklahoma or see ya later. I... — read more
Verizon Is Broke. Will Be Forced To Cut Dividend Payments To Share Holders. Headcount Reduction Surely To Follow. The Writing Is On The Wall!
https://seekingalpha.com/article/4058148-verizon-cut-dividend
Product being broken up
Hearing the product group to be broken up and a lot of functions going back to wireless and wireline. Probably due to mised dates, nothing coming out of there of substance, and disfunction. My guess is Marni doubles down on media because Go90 was... — read more
Interest Rates and Retirement
With interest rates going up and buyouts going down any other work centers seeing mass retirements?
Ho-Hum Rider. What a Joke!
One word: STUPID! https://www.youtube.com/watch?v=Im2N8wc4QFc Lowell and friends apparently can't think of enough ways to waste huge sums of money, let alone embarras the company.
Employees and retirees are sick and tired of Lowell/Marne and Building 5 unjustified bonuses!
https://finance.yahoo.com/news/verizon-retiree-proxies-want-claw-154200890.html Employees and retirees are sick and tired of Lowell/Marne and Building 5 unjustified bonuses!
[CNET] Verizon Creates a Car That Beats Traffic Jams
https://www.cnet.com/news/verizon-creates-car-that-skips-traffic-jams/
Layoffs this week
Am hearing that the grim reaper may be visiting BT/VLSS and Wireless/WBG Sales this week. For VLSS I just heard that a handful of Directors were hit last month, and this week it will be the Manager level (individual contributors) hit. Could be 50% or... — read more
This website is full of old a-- VZ Comm people that have nothing better to do than post about FiOS and hopes that wireline comes back.
How many of you old asses are left? If only VZ would sell off the Northeast and we wouldn't have to hear about your hopes and dreams. VZW went down the tube when VZ Comm bought out Vodaphone's 45%. Go find something better else to do. And guess what?... — read more
Oh Good!!! More Debt!!
http://www.nasdaq.com/article/verizon-raises-us11bn-for-yahoo-buy-and-bond-buyback-20170317-00522
LOL!!! AGAIN!!!
http://seekingalpha.com/article/4055949-t-vs-verizon-even-close
LOL!!!
http://www.mercurynews.com/2017/03/16/verizon-accused-of-aiding-and-abetting-yahoo-executives-by-using-data-breaches-to-save-350-million/
Verizon to ramp up Fios Build!
Starting the end of this year and all of 2018
I understand this website now, sadly, which I have looked at periodically since last years' strike, AND...
There's definitely union thugs that post some evil anti-wireless, or anti-senior members of the wireless work force. Truth be told, if you have less than 25 years with the company, the union is worthless, except to extract union dues every week. They... — read more
New Sprint Commercial .... Verizon asked for that one with such a stupid ad campaign with the "dropping of the mic " ..
And now Sprint is laughing all the way to the bank! "Verizon, can you hear that ? ".
More problems for Verizon
https://www.wsj.com/articles/new-york-city-sues-verizon-over-fiber-optic-cable-coverage-1489419365