Thread regarding Verizon Communications Inc. layoffs

@a5 Spot on!!!

Board Member Estimated Net Worth Primary Sources of Wealth
Shellye Archambeau $4.1M – $6.3M Verizon main income, former CEO of MetricStream; serves on boards of Okta, Roper Technologies, and others.
Roxanne Austin $22M – $83M Former President of DirecTV; board memberships at CrowdStrike, AbbVie, and Target.
Mark Bertolini (Chairman) $253M – $428M Former CEO of Aetna; current CEO of Oscar Health, where he holds a very large equity stake.
Vittorio Colao $200M - $390M Former CEO of Vodafone; his wealth is primarily tied to European assets and is not heavily tracked by U.S.-based estimators.
Caroline Litchfield $6M – $13.5M EVP & CFO of Merck & Co., where she holds substantial company stock.
Jennifer Mann $22.4M – $52.4M Former SVP at The Coca-Cola Company, with significant stock holdings there.
Laxman Narasimhan $17M – $50M Former CEO of Starbucks and former executive at PepsiCo.
Daniel Schulman (CEO) $394M – $400M Former CEO of PayPal, eBay, and other tech company stock.
Carol Tomé $172M – $304M Current CEO of UPS; previously CFO of The Home Depot.

And yes, we need to remember Hans, who is still a member of the board in Verizon, as well as BlackRock.

These are your dear leaders, who decide how the company will perform or not. You, me, and the others are insignificants.
So, enlighten me ... how are you going to plea with the board ?
Wake up people. They don't care.

Watch this post being "disappeared" in 15 min.

Psssst. The board is in on it...

https://www.inc.com/geoffrey-james/open-letter-to-44000-verizon-employees.html

Not sure if we can rely on how things use to be tbh and the impacts of layoffs as impacting the productivity as it would have in the past. AI integration to replace people will have an impact.

Give me a break. Wireline was forced to lean out years ago. Wireless, meanwhile, had become a bloated, complacent cash cow. Now that the mobile market is saturated, it has no choice but to become leaner and more disciplined as well.

One of the worst decisions this company ever made was halting the fiber build and redirecting that capital toward Lowell’s 5G vanity project. That was the point when I accepted the buyout, the strategic direction was clearly misguided, everyone could see it.

It is also predictable that those who are cut will insist the company is losing all of its talent. The reality is that plenty of talented people remain. I am still in touch with many of them, and that talent will continue to be there as Dan works to right the ship.

Don’t forget. The Bell System promoted experienced techs. Then Bell Atlantic merged with Nynex and welllll we need to take away a few perks yet still got sacrificial lambs to take management. Then the infamous birth of Verizon happened and more perks and benefits were taken to the point where no experienced tech in their right mind would take it. So Verizon resorted to Help Wanted ads. And here we are today. Brace for impact.

So true!