Thread regarding Verizon Communications Inc. layoffs

Clearly 2Q results will be a lot worse then 1Q. Will senior leadership be leaders , take compensation reductions ? Or Maybe reduce VP and above

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Post ID: @OP+14FSqRR2

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“ Just like little franny all those years ruled finance like a dictator and made the worst acquisitions that mean little fellow never understood the companies he purchased”

Ha ha love this, so true!

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Post ID: @3lzi+14FSqRR2

One thing you can count on is STI next year will be pennies on the dollar.

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Post ID: @3ktz+14FSqRR2

My 2 cents to the post.. Atleast on GTS side we have redundant leadership saying onshore and offshore which definitely we can cut the cost. Let me pick an example Today if we take QA org we have ST and E2e, security, and lot more fancy testing stuff.. I'm sure we don't require this many ADs, Directors, senior managers.. Similarly ST and E2E.. All duplicate way of doing things and not good outcome.. Out come is only pressure pressure pressure..

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Post ID: @1jpq+14FSqRR2

@ttw+14FSqRR2

It’s called finance transformation
Where we invest in things that are finite in supply and demand is crazy high

And we lose and no one is held accountable

Just like little franny all those years ruled finance like a dictator and made the worst acquisitions that mean little fellow never understood the companies he purchased

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Post ID: @1njm+14FSqRR2

Brady Conner said on the 2020 First Quarter Earnings Call "loss on spectrum licenses related to Auction 103 of $1.2 billion". How did this happen?

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Post ID: @ttw+14FSqRR2

Be careful for what you ask for. If we get furloughed, we would get no EISP and be forced to retire after unemployment runs out.

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Post ID: @iqc+14FSqRR2

They will take a reduction or more will be rif'd. As a stockholder that is imperative.

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Post ID: @bum+14FSqRR2

More likely they will give themselves raises.

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Post ID: @dqq+14FSqRR2

No chance at all

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Post ID: @hty+14FSqRR2

Company has more management team than working employees.

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Post ID: @vxh+14FSqRR2

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