Thread regarding Verizon Communications Inc. layoffs

Amateur Hour

After a bunch of decades I have to say that it really is amateur hour inside the company. They no longer know how to effectively conduct a reduction in force and the benefits folks now are atrocious. And operationally and strategically? Well we certainly know the answer to that. I think that the dividend is safe in the near future, but longer term there needs to be some serious changes in sales, marketing and strategy with people familiar with the market. I'm still d-mbfounded by the 5G misfire.

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Post ID: @OP+1eMk36ok

26 replies (most recent on top)

"Thank you Mr. McKinsey for giving it your best shot. For a consolation prize we award you a lifetime sinecure and offices inside the house."

"Perhaps you can come up with some more cleverer ideas and thanks for playing with OPM!"

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Post ID: @2qlc+1eMk36ok

Come on, even I know this one.

"Alex, I will take Netflix for a billion."

"And, what is Redbox?"

Bah! Wrong answer!

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Post ID: @2hsh+1eMk36ok

@1jlm+1eMk36ok What is the "one business that they could have bought on the cheap..."

And the one business that they could have bought on the cheap and been part of history was ki---d by the consulting firms in favor of yet another loser.

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Post ID: @2vbn+1eMk36ok

Here are the facts nouveaux telecom twinkies almost all of the money, as in cash, comes from consumer and traditional wholesale line telecom services for business.

Every single other 'se-y' business that the company got into failed. And the one business that they could have bought on the cheap and been part of history was ki---d by the consulting firms in favor of yet another loser.

Basic telecom, Internet, security and connecting people is what the company is supposed to do, and the only business the generates cash like it grows on trees. Alas, too many too smart by half cutesy putesy Execs and other assorted strategists have destroyed billions and billions in shareholder equity with their forays into fantasy. Telecom and hooking people up is not se-y enough for them.

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Post ID: @1jlm+1eMk36ok

bloat?

yeah, “bloat”, like buying technologically obsolete Yahoo, AOL, go90 for premium prices.

lol bloat. Good one.

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Post ID: @1mtq+1eMk36ok

@1dvv+1eMk36ok is someone who can only be considered as a LIAR or IGNORANT of the facts. And that is a fact.

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Post ID: @1yna+1eMk36ok

telephone lines?
they made a strategic error by selling their highly lucrative fiber optic network, which is in high demand and a product people want.

go back to sleep

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Post ID: @1tiz+1eMk36ok

Yes. Expensive union bloat telephone lines sold off in Florida, Texas and California. What a glorious day that was. Soon, union bloat telephone lines will be sold off in the northeast. Even in the union funded swamp - Washington DC.

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Post ID: @1dvv+1eMk36ok

….Not to mention, FiOS had an even larger population reach, as they had a footprint in Southern California, Texas and Florida, but they sold that off in 2016 to pay off their AOL/Yahoo/HuffPo/Go90 debacle.

Now go back to selling VZ wireless products that customers don’t need and give it up already.

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Post ID: @1ydx+1eMk36ok

Psssst: You left the part out about Fios being in the most lucrative market in the nation. And nobody cares if people in Dubuque, Iowa or Fargo don’t know what FiOS is. Just give it up already.

Oh and by the way: if they had Fios in Dubuque, Iowa or in Fargo ND, they would rather have that than VZ wireless, that’s for sure. Unless they are out of touch boomers of course. Those are the only people who like VZ. You can bet the farm on that.

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Post ID: @1unq+1eMk36ok

So you say it is available to 20% of the population and therefore is not available to 80% of the country so 80% don't know what it is. Who's not bright now?

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Post ID: @1slf+1eMk36ok

“FiOS isn't available anywhere. 90% of the population doesn't even know what it is.”

Huh? It’s available in the northeastern US, where 55+ million people live, 20% of entire US population, in the most important & lucrative market in the nation: the northeast corridor (Boston/New York/Washington DC). And that was just the VZ footprint, before they sold off other parts of the country in 2016.

You clearly are not too bright & didn’t think through on your reply.

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Post ID: @1wii+1eMk36ok

From the time immediately after the 2011 strike, the wireless execs replaced the wireline execs in the c-suite. They all thought that they were the smart set despite an overall increasing market.

These are the folks who ki---d FiOS and brought us into the 5G debacle. They also filled many of the top strategic ranks with 'consultants' who are always good about telling you how to spend your money, but never really how to bring it in. I think of them as cheerleaders and touts pitching games and tee shirts along the boardwalk.

Remember that while this 'smart set' danced and pranced and smiled and cheered, not a single one of their projects or deals has ever really paid off big. None!

And how about that growth, marketing and net-adds compared to T-Mobile?

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Post ID: @1mam+1eMk36ok

don’t worry! 5G will replace FiOS in 2017. Maybe 2018 lol

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Post ID: @1yew+1eMk36ok

Fios days are numbered? Huh? How? To what? Dial up? DSL? Slower fiber to the node cable Internet?

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Post ID: @1tbp+1eMk36ok

We know that it’s not available everywhere. They missed the boat and made a strategic error on not giving people a product that they really wanted and was that unique to only VZ. You’re really not too bright.

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Post ID: @1ykw+1eMk36ok

FiOS isn't available anywhere. 90% of the population doesn't even know what it is. Its days are numbered.

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Post ID: @1ssl+1eMk36ok

if people were given a choice, they’d rather have Fios internet as opposed to Verizon wireless. People hate their local cable company monopolies for internet. It’s no secret.

Actually, everyone hates Verizon wireless, except for clueless boomers being oversold products they don’t need and the wireless employees that infest this message board.

You all have your own wireless board by the way. Use it.

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Post ID: @1rxz+1eMk36ok

Finance your travels... you mean travels to McDonalds? You do that every day while "working" no need to wait for retirement which will never come.

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Post ID: @1qpi+1eMk36ok

I hope you wireless people get your sh-t together and make this 5g stuff work. I’m counting on the dividend checks to finance my travels when I retire. Get to work slugs, we’re falling behind.

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Post ID: @1rch+1eMk36ok

Triggered union boy. Your FiOS trash was sold off years ago out here. Go back to the donut shop where you garage out of.

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Post ID: @1vzp+1eMk36ok

@oza+1eMk36ok is a more-on and part of the reason that the company is stuck in the muck. Who hires these people?

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Post ID: @nsy+1eMk36ok

Verizon FiOS is Sony BetaMax while cable tv coaxial is VHS.

5G was oversold by Hans. The problem with 5G is the higher the band, the lower the coverage. 5G high band requires line of sight too. Verizon and its competitors can't afford to buy or build out a 100% high band network. At this time T-Mobile has better 5G coverage than Verizon, but it is the low to mid band technology which in some cases is slower than Verizon 4G. 5G mid range will allow Verizon to offer wireless broadband outside of our traditional geographic territory which is a new revenue stream, but our competitors can invade our home turf as well.

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Post ID: @kav+1eMk36ok

5g was a ruse for blackrock to make the viking wonder from ericsson ceo. I still have no idea who they thought they would be able to sell this idea to given how good FiOS and 4G. Communities everywhere want FiOS in and out of footprint and instead they sell all of the towers and allow cable competitors to sell the same wireless service but under their label. And what is up with that relationship with google? Talk about a codependent relationship with an abuser!

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Post ID: @cun+1eMk36ok

5g was dead even as an idea.
When the tech first was introduced in test stage, it failed. What does Cerizon do? Bet the ranch on it.
Meanwhile, people are still begging for Fios. What does Verizon do? Stop building it. I have never once had anyone ask about 5g, but literally have had hundreds of people complain they can’t get Fios. The last leader the company had was Ivan. After that it was a clown show.

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Post ID: @kwo+1eMk36ok

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