From the Verizon Global Services kickoff…there are 118k VZ employees. Hopefully we all get to stay in 2023! Wishing the best for everyone.
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Take the package and run.
Anyone involved with planning 5G should be immediately fired for incompetence
This is a lie. There were 118,000 employees at the end of 2021. We are now in 2023 and there are far fewer. Verlieson lies as always.
If the network can go back to being pre 5g rollout reliable plus our support team steps up, I can see VZ being back at the top for growth. When I first started, I remember customers saying they are willing to pay the price because of our network / support being the best. Both of those are just not up to par anymore and it is sad. T-Mobile is not sustainable for the long run because of the margins they are running. They are playing with fire. Verizon is a premium brand that needs to stick to the foundation of being number 1. Example: You buy a Lexus because of brand recognition and reliability. You buy a Kia because it is affordable and you may or may not get reliability. Same with VZ reliability is the most important factor. Talent, network, support. Without that what are we.
Let's see how many we dropped in 2022 when we report Q4/HE next week. Then take 10% off that number, that is the HIGHEST we will be when we come out of 2023.
Google just announced they are having reduction in force by 12k. 18k from Amazon, 10K from Salesforce and Microsoft. These companies that overpaid and battled for talent for the two years and now paying the price. When companies reduce headcount, they aren’t buying phones. Teleco will continue to have their annual timely reductions. TMo just blasted their agents and reducing support and Indirect. They are going with more of a corporate structure while A and VZ are relying on agents. When a company relies on heavy financial margins and refuse to change, we have more problems. For VZ, essentially all team building activities are halted, all non sales travel are non existing, constant offshoring making VZ non nimble, and the heavy reliance on margins while preaching the network. No one cares about the network. They just want it to work and pay as little as possible. This isn’t 2015.
The layoffs at Verizon will be perpetual unless something changes. Thus not all will be here.
Sampath and executive leadership are focused on increasing margins to uncompetitive percentages but the products have become a commodity and vz support is really is sub par.
The number of talented people leaving bc they can earn more elsewhere without the VZ BS seems to be increasing. Sampath's mantra to increase margins by selling Vz Value prop is total hogwash. Its a recession and people who can cut costs will do that, even if the calls drop occasionally. Oh wait - I keep hearing from customers that our network is dropping too as we try to repurpose spectrum and areas where calls went thru on VZ, not so much competitors are spiraling down.