Thank you C-Suite and the Board. You are priceless !
Golden Parachute
Can we vote that if the stock isn't above $60.00 Hans doesn't get his golden parachute?
Whether the rumors are true or not...
My personal opinion is that cuts are inevitable. Does anyone think otherwise? I am not saying with certainty that there will be cuts, nor do I want to raise panic, but I just think that they are inevitable because the company is in a bad situation... — read more
$36.62
Thanks Tami, Thanks Hans! Thank you all leadership for all you have done.
RIFs and closures
VBG is going to have a massive RIF this week. As much as 25% of teams and orgs will be laid off. Hidden Ridge in TX is being sold off and closed within the next 6 months. Also some retail stores will be closing
Somethings up
Manager cancelled our morning meeting, and Director cancelled our 3pm market call. I'm not sure what, but it seems like something is up. Reached out to my peers in the West, their team call was cancelled as well. Lastly I checked MP,Director,and VP... — read more
PULSE & RIFs - Confidential? I wouldn't do it
Interesting that the Pulse survey is launching on 10/17 and RIFs are rumored for 10/27. So it can either be that they want people to be afraid to be honest with feedback for fear of losing their job so the scores will be high. Or they want to see... — read more
Business Representatives Make Too Much
Business representatives make way too much. Front line workers are expected to do the work and close the business down in store, for a measly commission check; however the money gets funneled into the business reps pockets for the sales we made. I... — read more
Tanking for Chute
Is there a way to get HV outta here? It'll probably require someones password because its a high risk transaction but he really needs to take his parachute and leave. High risk high reward.
VZ $36 Stock incoming.....
Looks like Verizon is not doing very well. This should be a wake-up call for everyone at the WOKE HQ to stop doing those stupid videos and get back to work. This is not good for 4Q and the numbers probably are going to be really bad bringing the... — read more
R2B Reps no longer making money!!
We have reps not making a check for months just their hourly... Verizon the new Blockbuster coming soon! PS Switch to Visible or the new prepay service Hans skinny pants were just bragging about days ago.
Vbg cuts
What positions are being cut? R2b? B2B? Seems strange that they would cut the channel that actually has net gains
Verizon Earning Oct 21 - 2022
Stock price as of now $38 wow!!! I hope Hans will be wearing bigger pants and socks to give the news of how horrible we are doing although He keeps getting paid like nothing is happening! Good luck Vteamers!
Network
Anyone else sick of trying to come up with lies to tell customers as to why our network now sucks?? I'm so sick of spending 8 hrs a day acting surprised every time a customer says they are dropping calls constantly, bi-----g about the fact that they... — read more
Incentives
Hey Ive been working here about a year now and just curious, what's my incentive to work hard for this company? Does anyone know? Because I am having a difficult time figuring it out.
Dividend yield is currently at 6.66%
Hans, Thanks to you doing so bad the dividend yield as of today is at 6.66 % While the dividend is great the lowering of the overall stock price is a direct reflection of you and your teams TERRIBLE leadership. I’m sure you are happy that the... — read more
VCG Home for the Holidays thread
VBG timeline is communication by 10-27; estimated up to 25% in some areas (from VZ Communications layoff area). What are people hearing for VCG? Areas Numbers or % Timeline
Hans skinny pants made this in 2020, $20,342,871 Total Compensation!
1,500,000 Base Pay $3,825,000 Bonus + Non-EquityIncentive Comp $5,325,000 Total Cash Comp $14,500,057 Stock Award Value $14,500,057 Total Equity $517,814 Total Other $20,342,871 Total Compensation So, He was given a $14,500,057 Stock Award Value. ... — read more
High Risk Transaction?
Any one else see the high risk transaction screen with every sale? What's the purpose for this added extra step to our transactions?
It feels like the company is losing its direction
Of course, this is noting new. I think that this place has lost its direction long time ago. Why? This could be a long discussion but the question that remains is whether the company will manage to get back on track, because it is obvious that the... — read more
Switching off 5G?
Is anyone else turning off 5G on their Verizon devices and reverting to 4G? My son and some of his high school friends do this because they find the device works better. Not a good omen for monetized adoption of 5G. Is this just growing pains with... — read more
Managerial Harassment at all times high in Southwest Market
Reps are being harassed at all levels for NOT printing quotes and adding VZ Home to it. Not sure if its going on in stares like Cali & Northeast market, but its highly corrupt & managers are threatening to give write ups if they dont follow these... — read more
Average Salary for Senior Manager?
Is it worth the extra hours……..
No severance! Stop asking !!
Im tired of all these “do you think we would get severance??” post. Please STOP Verizon will NOT give out any severance at all, you have a higher chance of getting written up for not selling 5G than a severance package .
Hans, do the honorable thing - RIF yourself and retire from corporate life
Hans, your stay at Verizon is both unwelcome and undignified. You have now damaged your second corporation, impacting thousands of lives on two different sides of the world. Maybe you should consider permanent, corporate retirement. You must have... — read more
We went from $45 to $42 to $40 and now $38 RIP
The next earnings for Vteamers won't be that happy news!!! Hopefully, Hans is working on his English Pronunciation so we can understand him saying he is leaving Verizon because he is worthless and soon could become the next Ericcson. Unless you... — read more
Sales numbers fell when you cut commissions
1 + 1 =0 Get cheap + outsource = poor results
Who is ready for the set up fee pushback ?
It will clog up the store even more with everyone doing set ups. The boomers will complain but will still pay the fee. Hope you plan on hiring more or bringing those quotas way down.
want to get promoted to DM?
If you want to get promoted to DM all you have to do is go run a high volume store and lose over $5k in inventory, go out on leave let your ASM's take the fall for you by them getting Finals when you were the one who gave them direction to lie on the... — read more
Severance
If they would just offer it to any of the 10+ or 15+ year employees in retail many would take it and be off your books. Win-win
Stock Price reflecting what we already knew.
Anyone that works here knows it was just a matter of time until our customers fired us. Titantic Arrogance and Ignorant/Incompetent Leadership on display as the curtain is finally pulled back. The rats can't run and hide and the board should be... — read more
Verizon Stock $39 in coming!!!
Hans get out now!!!!
Total by Verizon?
What is the logic there? It is clear that Hans, Manon, and KB are imposters who lack a real plan to generate new revenue streams in the US telecom market. This new brand is merely replicating Visible and Tracfone. When has duplicating costs to... — read more
They do not keep an eye on competitors closely enough
The question is whether the leadership here is even interested in what the competition is doing? I believe that every real leader would be worried if they noticed that customers are starting to increasingly prefer the services offered by... — read more
How was your Apple Launch? Share with us
iPhone 14 is not going to make huge numbers at all. Maybe for a customer with iPhone X or iPhone 8 but for those with iPhone 13 and 36months of finance not a good idea to upgrade as they have to come out of pocket taxes plus the other 6 months left... — read more
The problem with layoffs here
Hey guys. layoffs are a net benefit because they're what enables rebalancing departments in a competitive environment. The problem with Verizon's layoffs becomes apparent when they are reactive for budgetary reasons. This isn't changing direction... — read more
Verizon Stock about go under $40
Verizon is a very big big ho-e!!! Hans skinny jeans please leave, Vteamers no longer believe you are doing great for the company. Our billing systems, Suck! (3 years trying to fix POS2.0) Customer service, Sucks! (India is horrible) Tech support... — read more
Inflation must not be real
Does leadership live in a bubble. The customers are coming to try and save money and we are supposed to quote them with new lines and insurance so instead they opt for the transfer pin in the end. If I can’t sell it, my mgr comes in and can’t sell... — read more
Headcount and staffing issues , nobody cares
In the retail stores it’s been the same challenge for the past two years. They keep stressing us out and molding everyone into working harder with more responsibilities so they can justify not hiring or increasing headcount. Unfortunately I was never... — read more
When do layoffs at Basking Ridge start
Does anyone know when the Basking Ridge site layoffs start? Will it be in Oct/Nov or starting next year?