The lines of businesses supported by unions are not accretive to VZ earnings. These line of businesses needs to be sold immediately disbanding the union.
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VERIZON SPENS OVE 3 BILLION A YEAR IN ADVERTISING. THE LABOR IS NOT THE PROBLEM.
The setup for the current sad state of affairs can be traced back to Lowell.... While buying out Vodafone was a good thing, it was a high price to carry the debt load. But nearly every big bad decision happened under Lowell, not Hans - selling off profitable wireline assets, Go90, Yahoo, and AOL.... Bluejeans was all Hans...
Brightspeed
https://www.pionline.com/pension-risk-transfer/verizon-transfer-59-billion-pension-liabilities?fbclid=IwAR3r3ZTCefG4h1Jbeu5vzPOIXIDBiC6WdBbwxu4iVx-OUWl1Z9Uv2J8o3fs
Ahh bulshit
Been at the company for 27 years. First sign of inept decisions.... hiring a CRO whose only credentials for running a large company was to drive it into the ground. All major business decisions since new CEO have been money pits. AOL, YAHOO, BlueJeans, wireless auctions focused on mm band, but it can be fixed by just cutting back, no, it cant. You can't save your way out of wasteful spending. Now supply chain group being axed and new "center of excellence" being set up in Ireland. Goodbye U. S. jobs... hello tax shelter in Ireland.
Get rid of all the deadweight in Basking Ridge doing nothing but useless excel spreadsheets. Meanwhile back in the CO I can't get a tool that I asked for a year and a half ago.
Verizon needs to dig even deeper and get rid of all the duplication and personnel who have become deadweight. This will reduce unnecessary expense and support our investor goals. In VGS we have a director who’s all about keeping his headcount. We have too many senior analyst doing too little work, have administrative people have near nothing to do, and have union facilities techs who are in empty offices with their feet on desks making personal calls all day. Why. No supervision and not enough work. It’s all about the headcount not the quality of the work being produced.
@1fcz. The trouble is, Fios actually works well, and 5g is still a pipe dream. Trust me, I’ve tried 5g home internet, and it is not ready for prime time. Give it time, another 5-10 years maybe, you’ll get there.
So, everyone thinks that contractors are cheap. To restore a LD fiber cable break is at least 100k for maybe two days work. That includes backhoes, handholes, labor, splicing. Contractors do not verify that are systems restored. Verizon destroyed the Nocs. Good luck and they Know it. Also I forgot someone has to find the breaks.
@1fcz+1noV4mP4 is clearly one of those millimeter-wide minds behind the millimeter wave 5g that works as well as his arguments.
Verizon should tell the FCC, Federal Communications Commission, that it can no longer afford to have wireline and/or ISP customers. This is a sinking LOB, line-of-business. There is no future for this old antiquated telecommunication setup.
Verizon has higher expenses for wireline whereby sinking the other slightly profitable, wireless, revenue.
No need for all that trouble and expense
Just crank up the workload and put higher focus on the metrics. Schedule weekly 1x1s with everyone not exceeding them. Hold monthly meetings with the entire team until all are exceeding. Increase management ride-alongs and monitoring.
Essentially, they're just two-legged dogs. Beat them and they'll stop coming around
do some simple math if you are capable to do arithmetic. divide employees, 30/130 = .23 * 100 = 23% which is prorated. so does the union line of business accretive revenue of 23% and the answer is no. absolutely not.
the corporation losses money for the unionized line of business. dragging the down the free cash flow. dragging down the VZ share price.
Offer an EIPP immediately, get those pesky unioners off the books.
Ha ha ya blame the small amout of union workers for the failed projects amd money wasted of bad leadership like - go60 .If verizon stopped wasting billions all lines of business would be making money fios,wireless,enterprise.Unfortunately its been pilfered by top thieves pitting lower management against associate level for years whole the top dogs rob the place blind.Stop with the union management and lines of war its really the too dogs burning us all at the bottom
Post ID: @hcd+1noV4mP4
No external stimuli. Just prudent and sheer reality.
GOODBYE Verizon - rapid insolvency.
HELLO,Verizon has about 130k workers total and the wireline side is about 30k and the rest is wireless .lets see you are blaming the union for the downfall of theis company ,you really must be on dr-gs.
Damn dude, put the crack pipe down.
better Verizon go bankrupt then me go bankrupt.
save the jobs. declare the bankruptcy.
good intricate details.
Unfortunately, simply its the survival of the fitted.
Is there a union for the trolls and doomscrollers on this site?
Make good sense. Not an union rank and file.
ARPA is the retail postpaid Average Revenue Per Account.
2011 ARPA was $134.51.
2017 ARPA was $135.99.
2022 ARPA was $125.97.
The ARPA of Verizon has not kept up with inflation which has increased by 30% during the same time.
Bankruptcy's, case and point, saves the jobs from currently planned to be eliminated. Expunges the large corporate debt incurred by this CEO.
What are you smoking? Useless post!! Not union but just don’t understand the HATE to coworkers.
Always with the drama!
Not this cr-p again....