Thread regarding Verizon Communications Inc. layoffs

Seeking Alpha: Verizon Looks Like Dead Money
Nov. 26, 2021 8:42 AM ET
Summary
• Verizon's historical financial performance has had bond-like features.
• Investors are attracted by this stability and every so slightly increasing dividend. But in general,
the telecom space is not where an investor searching for growth will find it.
• There is a lot of hype and hope around 5G and the revenue growth this technology shift in the
mobile space will bring.
• But as a base case, I think investors will continue to be disappointed in Verizon's share
performance over the next coming years.

What would Hans know about talent? Seriously. No gold medal for handball; ostensibly his sport. No wide acceptance of 5yeeeee (where is the value proposition for the customer). No iconic commercials. No serious top line revenue growth. No more employee morale.

Talent?

That all left a while back. What we have now are untested poseurs.

One thing that we can say with absolute certainty is that 'the new talent with today's skills' have no idea about how to run or grow this business and absolutely pale in comparison to those before them.

The proof is in the numbers, sales, cashflow, stock price.

Take a look at our marketing and compare it to earlier versions. How about how many new products we have put into the market to make customer's lives easier? What about customer service and field operations? Do they like what they are doing? Do the customers like the job that they are doing? Are there enough of them to service the customers? Is our sales growing at a level above US economic growth? How are out net adds and cash flow compared to T-Mobile?

We are moving in a slow circle telling the street about our new magical products as best intonated and explained by our non engineer and non American CEO. The talent drain from 2019 becomes more noticeable every day. Some here are sad about leaving. Don't be. You were here for the good times and when the network, products, marketing and service was maybe less woke but unrivaled.

Bon voyage!

I almost made a comment on Han's linkedin post. My former manager falsified my performance review because I asked for a skip level meeting with her boss. No joke. She completely derailed my transfer and I ended up leaving the company shortly afterwards.

how do you build a future without the skills needed to support what is there now? Oh, I know... you pretend that any anyone can do it, without documentation, without parts, and without experience/expertise. And suddenly the network takes a dump and no one knows what to do. That's the future.

Problem is that IT has yesterday's people with no signs of change. Good tech minds, terrible leadership and management skills.

You vaccine dolts are a broken record. Christy left because being the CHRo at Intel is a better job then being the CHRO at VZ. They aren't facing this budget bull from a failed strategy.

Hans sounds like the George Steinbrenner character on Seinfeld.

@1ghp. Intel out a vaccine mandate in place after Christy arrived. https://www.oregonlive.com/silicon-forest/2021/11/intel-oregons-largest-employer-sets-vaccine-deadline-for-us-workers.html?outputType=amp

Hans can suck a big reindeer co-k.

@1ghp+1dQl5C6K I knew of the upcoming vaccine mandate before VZ made it official because I have a friend who works for a company that contracts with VZ and they were all given paperwork stating they'd need vaccines to comply with the mandate. Christie undoubtedly knew before the contracting companies knew, and well ahead of the announcement.

@1lqq+1dQl5C6K the previous head of HR was Christie pambianchi. She came to Verizon two years ago from Corning. She left abruptly in the summer and went to Intel (no vaccine mandate at intel) to lead their global HR. Legal then took over the reigns of HR . All this happened shortly before Verizon announced their vaccine mandate. On November 15 ,the date our vaccine status had to be uploaded into vz system , Hans announces a new head of HR. She has only been with Verizon one year. Is this timing a coincidence?

HR is about protecting the company, not its workers. I don't see why we would care about a new HR guy. That's like cheering for the latest lawyer VZ puts on retainer.

Anyone notice the previous HR person left just before the vaccine mandates? I think I'd prefer the old HR person over the new one.

We need two decades ago skills to do our jobs since every process and system was thrown out of a museum for being so old.

I like a national micro brewers motto:
Our people are our most important “ingredient.” We hire the best talent; and we reward, develop, and retain them too.

The emphasis is on develop and retain.

You build the future with intelligence and experience. And they most likely make over $100k. But Verizon seems to want to RIF these types of people.

Verizon thinks building the future is to hire inexperienced college grads making $20k per year.

BS