The clear incompetence on full display during the "earnings event" on Friday was and is embarrassing to say the least. The Swedish Chef's stock price open mic gaffe, the LOUSY "2.3" explanation, the bewilderment on "leadership's" faces on a clear... — read more
Don't waste your career at Verizon!
Leave and find a place that respects its employees and treats them as assets. Those places exist. It's too late for me but I feel bad for all the new hires who seem so excited about joining. They have no idea they're about to enter a pit of lies... — read more
We can't afford major layoffs
Not sure about other groups, but we can't afford any more layoffs. We've been able to pick up after people who've been laid off so far or who have quit, but we are at our limit. If they remove any more people I feel like things could easily fall... — read more
Job Taxonimy
Anyone receive notice of title change with pay treatment? My role was recently retitled and I received an 11% increase as a result. Anyone else?
Layoffs Thursday Oct 27th - Depts or groups impacted?
Anyone have any details on the layoffs this Thursday in terms of total or departments? Any detail is appreciated. I just know they are on Thursday.
Layoffs coming
Expect them Oct 24-28
Verizon News - Another dark day under Hans leadership
Verizon sinks to a 12 year low on Q3 results as analysts note subscriber challenge. Verizon stock slips after beating earnings Estimates. It's not AT&T. Verizon’s Profit Falls 23% as Price Increases Slow Growth. Verizon targets cost reductions as... — read more
Hans lays it out
And I quote: "The stock price is sh-t as they say"
Hans confirms layoffs on Up To Speed Earning's Call
Hans just confirmed the upcoming layoffs on Up To Speed and said they are working on it now. Oct 27 is one week away. Brace For Impact!
ESG; DEI; My, My, My
Get Woke, go broke written large in the results. The special sauce is spoiled and globalism gored Film at 11
Your customer is Price Elastic
The arrogance does not begin to end: The $100+ debt, and yes, we still have to pay the bill Raising prices on an elastic market The inability to execute 5G never materialized, and Real IoT is probably five years away; Norway is on... — read more
Can only mean layoffs
The company says it plans a cost-savings program that will reduce annual expenses between $2 billion and $3 billion by 2025
Major subscriber exodus means major layoffs
People who are hoping for a major subscriber exodus to spite the company choose to ignore the fact that the ones who will end up paying for it are us. Nobody at the top will be fired or have their pay reduced or bonus removed if this happens but that... — read more
Valhalla
We are proud to be here and appreciated by everyone at Verizon. We are really looking forward to the big union sponsored party and hope to have a large diverse crowd. I realize the admission fee is a little steep, however, I think it will be worth it... — read more
Caution
I posted something yesterday that was 100% real, all IMO factual. Thelayoff site decided that it should be taken down. Maybe it was me mentioning the pronoun trainings or the CRT trainings. Perhaps the site moderator felt it cut too close to the... — read more
Layoffs in TPD
Got some insider info, the reduction target is 15 percent
When do you guys think the layoffs will start?
I’m a senior manager in network ops and am worried about getting laid off.
Surprised that the situation is not worse
Honestly, taking into account how this company is managed, I am sometimes really surprised that the situation here is not even worse. I think I'm not the only one? There are still many talented employees here, we still haven't hit the rock bottom... — read more
You're fired!
Hans Vestberg here. I apologize for destroying this company. But I am looking forward to that fat golden parachute paycheck that's waiting for me when we all get fired!
TMUS stock up 16% in one year, VZ down 28%
We are no longer the king of the castle, folks. It's almost time to put the lights out. It's been a good run.
RIFs coming soon!
This is starting to get scary. Stock price tanking, Hans looking forward to getting his golden parachute -- he doesn't care about the direction of the company I'm starting to lose my mind over this! We are ALL getting laid off!!!
Stock has tanked= RIFs around the corner?
While I wonder how far we are from cuts, my former colleague started working in a new company and has never been happier. Unfortunately, I didn't leave on time. Does anyone have any insights on how far we are from RIFs? Are the cuts around the... — read more
Why Has Verizon's Stock Price Been Dropping?
Why Has Verizon's Stock Price Been Dropping? At the beginning of this article, I highlighted that VZ's stock price fell by -18.1% since I wrote my previous article for the company. In fact, Verizon's shares are down by an even more substantial... — read more
Yahoo Finance: VZ price down 9.4% this week, insiders sold US$1.2m shares earlier this year
The company's market worth decreased by US$16b over the past week after the stock price dropped 9.4%, although insiders were able to minimize their losses. Tamara Erwin, made the biggest insider sale in the last 12 months. That single transaction was... — read more
Real Average Hourly Wages Continue to Decline as Inflation Destroys Economy and Now Hours Worked is Contracting
“Real average hourly earnings decreased 3.0 percent, seasonally adjusted, from September 2021 to September 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.8-percent... — read more
It's time to move from Hans Howdy Doody Time to Top G-n Tacetta Time
Time has long past to put a winner in the driver seat. Put Ms Tacetta at the controls and watch morale improve as much as free cash flow. Do the share owners and employees a solid and promote her now because it is getting ugly.
Writing is on the wall
Open your eyes and read the writing on the wall. You're on the clock.
Have you noticed
Have you noticed how many leaders are going out in FMLA? I know two?
The leadership should finally start accepting responsibility
For everything bad that happens in the company, the leadership always finds an excuse. Have you noticed how they never accept responsibility that the failure was largely due to their bad planning or bad investments? If you ask me, that's one of the... — read more
Y’all worried about the ceo I’m worried about new hires.
I been here for 20+ years and I have the same tour forever. Why Garden City get new hires when we work just as hard.
Time for a Stratton Return?!
John is Chairman at Frontier right now and was passed over to be CEO. He had a lot of Ivan's personality traits but apparently had a hot temper. Verizon needs an inspirational leader with ideas and one that engages all employees in the company, not... — read more
In
This is one of the first of many lay off announcements by big corporations including Verizon (it’s that time of the year for vz lay offs ) Unemployment rate will be rising in... — read more
Hans Rearranging The Deck Chairs On The Titanic.....
The only thing Hans is leading is the race to the bottom of the communication industry. As Verizon stock plummets to all-time lows, This CEO lectures his employees to be laser-focused on the company's 2.0-1-2-3-4 on and on.....while this global... — read more
Does education or training exist?
Do these id--ts somehow take college courses and/or receive any sort of formalized training that teaches them how to slowly destroy existing corporations?
35 Whole American Dollars
Great job, Vteam!
Verizon Global Services - Any predictions?
I'm curious if the impacted employees' employer legal entity will change on Jan 1? That would indicate some sort of manipulation of assets (ie transferring assets across legal entities) or accounting re-baselining. I also think they realized they... — read more
Is Silliman a fan of layoffs?
Are layoffs in his DNA?
What will be Craig Silliman's main CEO agenda?
What will he focus on? Cost cutting? Innovation? Acquisitions? Recession? What do you think?
Verizon strategy boss turns attention to 5G-Advanced
Verizon strategy boss turns attention to 5G-Advanced 10 OCT 2022 LIVE FROM MWL UNWRAPPED: Rima Qureshi, EVP and CSO at Verizon, promised the US giant would pull the trigger on 5G-Advanced very soon after standards were ratified by the 3GPP, while... — read more