Thread regarding Verizon Communications Inc. layoffs

Why are many of you convinced there'll be no more layoffs this year?

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Post ID: @OP+1jFFcJwF

12 replies (most recent on top)

Spring 2023 - Guaranteed, wait until the 2022 4th quarter financial results come in. Then wait for the 2023 1st quarter financial results to come in. Both will justify layoffs. Yes, that applies to wireless too.

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Post ID: @6fnm+1jFFcJwF

It could happen. My manager was laid off during Thanksgiving week in 2018. Was on vacation when I got word he’d been “impacted.” No good byes or nothing - due to so many people out , they sent over a director he didn’t even know to give him the bad news and a few hours to pack it up and turn his badge in. Great cap to a 20+ year career in wireless.

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Post ID: @3lwg+1jFFcJwF

@1jtp agree - get out of wireline and transfer to wireless if you can. It’s Bad and getting worse in wireline.

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Post ID: @1yte+1jFFcJwF

Verizon has had a goal of being under 100K employees for five years. In addition, anyone that supports former wireline should look to transfer to supporting wireless.

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Post ID: @1jtp+1jFFcJwF

Perfectly put @iff+1jFFcJwF

While layoffs are painful regardless of timing the Nov dates were brutal since it was during the Thanksgiving time in the US. I prefer Oct compared to Nov

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Post ID: @1fhh+1jFFcJwF

Verizon isn’t Twitter. That’s why. It actually makes money de add lite the dodos they run the place

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Post ID: @1bwf+1jFFcJwF

So what does Europe have to do with GAAP accounting, net income, gross profit margins, and Verizon!!!!

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Post ID: @1srr+1jFFcJwF

Work for Verizon!!! Who do you work for?? How in the h__ does it equate as to how one would know?? Genius!!!

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Post ID: @1vgw+1jFFcJwF

When you’ve been at Verizon a long time you realize there is a cadence in the timing of the layoffs. Prior to 2021 the layoffs were at the end of November and no more until Spring. In 2021 the lay offs were moved up to the end of October and the next on will be in the spring timeframe. It’s too disruptive to have a layoff in October and the another in November or December.

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Post ID: @iff+1jFFcJwF

Need to close the year off. EMEA will be hit in 1Q 2023

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Post ID: @znm+1jFFcJwF

This is a wasted question. We just had a layoff. We actually had a few this year. Not sure why this is being asked. Find something better to contemplate over.

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Post ID: @pvl+1jFFcJwF

Where's that confidence coming from?

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Post ID: @bty+1jFFcJwF

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