Thread regarding Verizon Communications Inc. layoffs

Why would a discount affect the cost of what we provide? If we have two customers using the same service with same usage and other attributes, and one customer has bigger discounts, the cost to each of the two would be the same except the one with the bigger discounts will have a lower margin (revenue minus cost).

I know that the current contract may not be as profitable EIS as Networx. I do know that the negative access margins associated with the beginning of TDM based circuits, circa 2007 to 2010, was totally erased in Ethernet as I was personally responsible for the Ethernet strategy. Project 360 discovered that Federal was being double charged for overhead by corporate for some items, used standard costs when Federal had specific discounts, etc. Sometimes Cameo showed 14 times the cost of the contracted rate through the partner. The FAA contract will be a loss leader for the first two years and then with the augmented services be profitable that is why it was approved by the C Suites.

Trac fone will be another aol, glad c level gets paid big bucks.

Commenting on the previous response, if I read correctly, that Federal Government accounts are profitable. Absolutely, unprofitable for at least 95% of the deals.

@dsi+1n7XXrjH

If the fed deals were at least as beneficial for the govt as our most-favored customer, there shouldn’t be ANY contracts that aren’t profitable, by that logic. Yet, supposedly there are. And apparently, enough to be an item on the to-do list.

If this ISN’T the case, why was this mentioned specifically, implying that a number of bad deals had been made that are actively hurting us?

To say you know nothing of the Federal Business is easy to say. We had higher margins overall under Networx than the commercial business unit. Not a single contract under Networx was ever cancelled from 2007 to 2020. I know that the calculations by corporate were incorrect because we did a review called project 360 and found many of the errors. We also found that Cameo costs were used even when Federal had specific discounts, so millions of dollars were incorrectly assigned to Federal. I know I personally took a customer from a negative margin in the beginning to positive margins and improvement of over 60%. So please apologize to everyone for your post it is totally inaccurate.

5g Mmwave equals 5f! F for feet and failure . It has no range at all and has been proven to cause cancer at a close distance .

@wzr+1n7XXrjH must be new in this business, or just an amateur. The company mostly hits the numbers but borders on earnings management. The employees that remain are demoralized by their moralizing, sermonizing senior execs who suffer no consequences despite all of their terrible and expensive decisions. Marketing has been weaker than our boring advertising and products and the Web Page is an Ink Black game of Internet blind man's bluff. Capital dollars that were initially meant to strengthen the network and reduce costs paid to other traffic-carrying carriers have been deflected to capital-losing projects like millimeter wave 5G. Meanwhile that spectrum could have actually been used profitably as it once was, providing LMDS and WISP backhaul services, and potentially lighting up with lightning 25-30M underserved Internet users in the hinterlands where neither fiber nor 5G makes sense.

Nope it's amateur hour because the WEF Approved Board picked the failed CEO from a foreign wireless parts provider to transform America's once iconic "can you hear me now, 'Big Red' - into a pitch-dark abyss of childish art and management that is still trying to figure out what business we are actually in?

What a ridiculous assessment.