Q4 results underwhelming and future predictions light. Are layoffs coming?

Verizon Communications VZ –0.93% unveiled fourth-quarter results Tuesday that showed subscriber additions after losses in the prior quarters, signaling higher adoption of its plans... — read more 

Hans was just on CNBC this morning talking about what a good Q4 vz had. He talks in circles a lot. He also mentioned cap ex going down 25% this year.

For years, Verizon has been cutting jobs and losing talent. We lost great people who made a difference every single day. As a result, the management team is now filled with people who have no idea what they're doing. Everything that's wrong with the... — read more 

Middle management is being targeted heavily in this next layoff. I can say that with full confidence.

Anyone else notice that ever since Hans became directly responsible for VEG results Ebitda/margin are now not as important; it's now okay to chase subscriber growth more aggressively?

TMO just announced that 37 million customers were impacted by a data breach. This is the second major breach in less than two years. Yet there has been no impact on their stock price. What gives? How does Teflon TMO keep getting away with this... — read more 

We have so many unnecessary management layers that need to be removed. It would save money while no productivity would be lost. How many managers there are with just a few direct reports who do nothing but go from one useless meeting to another to... — read more 

Do RIFs impact social change? https://www.adweek.com/social-marketing/verizon-taps-eli-manning-to-quarterback-social-campaign-backing-welcome-unlimited-plan/ The wireless carrier is giving away 20 pairs of tickets to the next three Super... — read more 

about freaking time. high ar-e salary for poor awful leadership.

Hearing 75% low end. 2023 wont be better either. What is everyone else hearing?

Excerpts from https://www.bloomberg.com/news/articles/2022-12-16/verizon-vz-lost-its-network-superiority-now-it-s-paying-the-price? For Verizon Communications Inc. investors, 2022 can’t end fast enough. By the time the books close, the largest US... — read more 

Recent layoff announcements: Amazon - 18,000 Microsoft - 10,000 Google - 12,000 A large number announced by VZ would simply blend in with the other recent annoncements. Waiting 6 months when no other announcements of similar/larger size exists... — read more 

So the Vz ship is taking on water from hitting the 2022 iceberg and the TMo pirates are swarming over the stern. Its heartening to see Hansy Boy and Sammy Man Hands are worried about everyone's kumbaya feelings instead of how do they right the ship... — read more 

From the Verizon Global Services kickoff…there are 118k VZ employees. Hopefully we all get to stay in 2023! Wishing the best for everyone.

Can V be far behind? Have we had any big RIFs in January or February years past?

Also acknowledges they don’t have a plan or percentages yet, not quite sure I believe that piece , they know!

I think most of us can agree with that

Verizon wins the CROWN to be the worst- coming from personal experience. Company still talking about their average network and acting like they are a Premium brand and charge accordingly by pushing "Value" of their buffered network. They don't have... — read more 

Hans is meeting with Accenture ( provides all the Manila outsourcing people) and HCL ( India IT outsourcing partner) this week at the World Economic Forum in Davos, Switzerland. I’m sure both these companies will be asking Hans for more business... — read more 

Let be honest time to go. What the board doing as well , how much longer can the sweed we don’t need let the ship sink.

They deserve all of the negativity they are getting on this page. I agree with the guy who said that position needs to be eliminated all together. Verizon has painted themselves into a corner and created a lot of fat that needs to be trimmed with... — read more 

We work at a company that has been notorious for cutting headcount roughly 10% or so per year during golden economic periods. Does it really seem far fetched to think a company like ours, that knows shareholders will LOVE the idea of a 15-20%... — read more 

The return to office policy is being discussed. It is anticipated a certain percentage of V-Teamers will voluntarily separate due to the new policy. New Return to Office policy estimated end of Q2. NO RIFs until Verizon determines how much head count... — read more 

Or do you think the people saying that are trolls?

I just don't understand it. There are managers with no direct reports, layers and layers of managers who just sit around shopping on Amazon. Never seen anything like it. The guy who said they're firing management is probably right because there... — read more 

read company wants to cut 23% of their capital expeditures.does anyone know if they a going to reduce the workforce,depts,programs ,OT,,etc

Milk and cookies for everyone!

They are trying to keep this under wraps for now and they seem to be doing a good job of preventing leaks because nobody else seems to be saying much about it. This came up after the conversations around "capital investment reduction" and Verizon... — read more 

It's every man for himself and every woman for herself. 2023 will be the most aggressive volume of layoffs that this company has ever seen, on a % of headcount basis. 15-20% reduction in force.

Does anyone know how candidates for layoff are determined? Is by timesheets? Salary?

You've been warned

Is this the year indirect account managers are eliminated or outsourced? Att outsourced years ago, tmo I’m not sure. The position isn’t side by side selling anymore. How long does Verizon hold on to that position? On the flip side, if more... — read more 

So from my meetings this week this is what is happening as of now. Wireline is gonna see a 20% reduction in head count over the next 6 months Wireless will see 15% reduction in the consumer group over the next 3 months 20% reduction in business... — read more 

Finding your calling can begin with—well—a phone call. ☎️ With your future on the line, it’s important to bring your “A game” to phone interviews. Our recruiters laid out some tips to make sure you stand out. For more interview prep pointers, head... — read more 

https://www.rcrwireless.com/20230105/carriers/verizon-execs-talk-tweaks-and-consumer-investment-amid-improved-customer-numbers Speaking at the Citi 2023 Communications, Media & Entertainment conference, Verizon CEO Hans Vestberg and Chief Technology... — read more