Verizon Is In Good Company

Is Verizon the only company going through layoffs, cutbacks? Let's see...

That Titan of the Tech industry, Microsoft laid off close to 10% in 2017

https://www.cnbc.com/2017/07/06/microsoft-will-layoff-thousands-of-employees.html

Another Titan, IBM trying desperately to hide layoffs by pushing out older workers, like so many companies are doing.

https://www.vox.com/2018/4/20/17261798/ibm-layoffs-retirements-older-workers-age-discrimination-claims

Howabout Banks? Surely they're doing well given our "Booming Economy" Bank Of America is one of, if not the largest bank in USA. CEO says they eliminated 100,000 jobs since 2010.

https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-moynihan-on-cutting-100000-jobs.html

Ok, but I bet companies like Boeing, which benefit from enormous federal contracts, they're doing well right? Here's Boeing, pulling the old "a dozen here, a dozen there" trick to avoid media attention

https://www.heraldnet.com/business/cuts-continue-as-boeing-issues-more-layoff-notices/

Hey, but cars are selling like crazy right? Those automakers are doing great! Yeah, so great that GM announced 8 plant closures and 14k layoffs, but they're certainly not the only one. Now Ford is getting ready for "Mass Layoffs"

http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

And if that wasn't enough, even the healthcare industry, that bastion of safe, secure jobs.....getting hammered.

https://www.statnews.com/2017/04/30/hospitals-layoffs-national/

Oh, and these are just the places you THOUGHT were doing great, and assumed the economy was BOOMING due to their success. Need I mention the entire retail industry in freefall? Or the fact that literally 90% of corporations, big and small, have been laying people off for over a year?

Heck, even Subway is being forced to close hundreds of restaurants, something they have never done in their history.

http://fortune.com/2018/04/25/subway-stores-closing/

The fake recovery is over, as to be expected when a "recovery" is built on nothing but money printing, loose credit, and low interest rates. Laugh all you want, but by mid 2019 you won't be laughing....

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8 replies (most recent on top)

We are approaching a recession that will hit in and about 2019-2020

Companies such as GM laying off while hitting record profits can only be due to what’s coming

After massive tax cuts -- they screw their employees.

If the taxes stayed the same -- they would screw their employees.

If taxes increased -- they would screw their employees.

With American corporations (and most of the rest of the world), no one plans for the future -- it's what gets investors the most money right now and screw the future.

The only good news is that as the big corporations commit s---c-de, smaller companies often thrive to replace them.

@WpPZUBr-1ajs , I find much no sarcasm in the ops title and my replies are sarcastic.

@WpPZUBr-1eod Its called sarcasm. Look at the tone of the OP. He is talking about how companies are laying off in this "booming economy"

@WpPZUBr-1tqp And perhaps you don't understand the usage of "good" . I ask again what is so good about it?

title should read WAS....Like all the other great companies that are now just as terrible to work at....ie; GM/GE to name a couple....

@WpPZUBr-1fuy Perhaps you are not aware of the usage of "in good company". Its not the same as "is a good company"

So op are you saying vz is good because the followed other companies and laid off workers? Makes as much sense as all the other hair brain nonsense I have read on this site.

Thread regarding Verizon Communications Inc. layoffs

Verizon Is In Good Company

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