Terrible decisions from Lowell started this spiral, then they bring in Hans who made very poor decisions with Ericsson and big shocker history repeated itself at Verizon. I literally remember the day he was named as CEO, fellow co workers talking about his track record at scratching their heads on why he was named....and the kicker....the new CEO was on the board of directors when they picked Hans. So all the cr-ppy decisions he made can all tie back to the board and their awful decision to bring him on. So now a member of that cr-ppy board of directors is now the CEO and employees and investors are supposed to have some kind of hope in that? I cant believe what this once wonderful company has turned into. All these frontline workers who bust their butts and care about the customers are just tossed to the curb...DURING THE HOLIDAYS. Very heartless. Just think about it...axing 13k individuals in hopes that that news would drive up stock price by a few pennies. Very very sick game they are playing. I left back in 2023 and couldnt be happier. It was so scary and stressful when it happened to me and my heart goes out to those effected. Its so hard to see the light at the end of the tunnel and I know the job market now is much worse than it was in 2023. I genuinely hope you all land on your feet...and soon.
5 replies (most recent on top)
These are all tone deaf people who have no idea or concept of affordability in this economy. They don’t think about the families. They just care about their pockets.
8 years of acceptance of failures to adopt DEI. Pathetic!
@OP - I don't think you realize how bad Verizon is from a customer perspective. It's more than just replacing the top dogs as the anti-customer culture needs to be weeded out throughout the entire company!
I don't think folks really understand how out of the operations board of directors are. They evaluate business performance and approve a budget and strategy.
I think they probably didn't ask enough key questions about validation, but like, they pay the CEO to determine and need to trust that person can deliver a direction for a behemoth like Verizon. This year, it's clear they no longer had confidence in Hans and replaced him with someone they did.
The cuts su-k but the new CEO is at least being honest with the problems of the strategy for the last few years.
@OP Lowell hand picked Hans ...it was the last of his terrible decisions, hopefully things will turn around from this point on?