Thread regarding Verizon Communications Inc. layoffs

Something is in the air...

Does anybody have a clue what is happening? Leadership has been cancelling meetings and events and not saying why. Some are not even able to be reached and have gone off the grid. Anybody have news on whats happening right now?

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Post ID: @OP+190ZKEDN

15 replies (most recent on top)

Indirect in the same boat. Account Managers who were impacted were notified today. Apparently its 50%+ of the indirect channel was impacted with opportunity to leave or apply within. That includes IAM and Dms

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Post ID: @2our+190ZKEDN

Hans laid out his plans all last year. Stock holders were the most important part of our business. Not the Customers, Not the Network, Not the Customers facing employees. So Hans how is Verizon going to stay in business as we bleed customers every day from poor Network and hour plus waits in the stores and customers service teams???? No Happy Customers = No $$$

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Post ID: @1rtf+190ZKEDN

Way to go Hans! K–l off another company for your Hedge Fund pals! Wake up stock holders before you lose it all! Fast returns will Never beat slow steady long term growth in a company.

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Post ID: @1gwb+190ZKEDN

Once Verizon has no more stores or employees. The stock is in the c-apper, then maybe they will remember all the employees were the reason Verizon was in business in the first place. $$$

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Post ID: @1ida+190ZKEDN

The word around VTown is the company never realign after the 2020 year store closures and layoffs. So we all know this was coming for the DMs and RDs. Less corporate stores equals less need for corporate bosses.

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Post ID: @1cvm+190ZKEDN

Gm are next info will come out tomorrow rumor is 1 gm for every 2 stores. So do the math that’s possible half our GM’s gone.

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Post ID: @1cti+190ZKEDN

Something has to give. For sure not the billions paid in dividends every quarter.

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Post ID: @1awz+190ZKEDN

Spectrum auction is costing far more than anticipated (about $30-40 billion dollars more) as cost to do wireless business. Something has to give, you know the answer.

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Post ID: @1izv+190ZKEDN

The Great Verizon Reset

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Post ID: @yzp+190ZKEDN

Reorganization or what you call it.

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Post ID: @ayq+190ZKEDN

Pay attention. They started riffing by firing the area presidents last year. Directors level is happening today. It will keep rolling down hill in Krista's org

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Post ID: @ixf+190ZKEDN

The stock price has been falling steadily since the beginning of December.

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Post ID: @knn+190ZKEDN

Well, I wouldn't call it good. Everyone knows the axe starts flying at the top and works its way down. Hans is a hatchet man and was brought in for that purpose. Doubt he is going anywhere anytime soon.

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Post ID: @wzk+190ZKEDN

Good....bout time...Don't have the best network anymore...press having a field day....stock is tanking....Hans should be gone too. Second company he's ruined.

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Post ID: @whw+190ZKEDN

From what I am hearing on the wireless side is many leadership positions getting the axe today.

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Post ID: @zbx+190ZKEDN

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