Any news on any upcoming riffs
22 replies (most recent on top)
@4kwr
Apollo already bought their wireline. It's called Brightspeed now and is run by all the former Verizon execs who knew how to run a wireline company.
Oct 26th. Thurs as always
October 28 is a Saturday. Do you men September 28?
October 28 notices. Write it down.
Wrong!!! The VZ stock price will be $10 and stay afloat and hover above $10 because bankruptcy is not an option yet. For 10 consecutive years, the VZ stock price will never recover over $20/share.
Lumen's stock price (closed at $1.51/share) below $5 because facing bankruptcy or to be purchased by a Private Equity Company, such as Apollo Global Management.
I’m working on some Danzig riffs right now like Twist of Cain and Mother
They should do what Lumen did. Eliminate the dividend, sell the copper and put that money towards debt. Lumen stock did tank but they are in a much better financial position now. And assuming it's a possibility I'd sell any VZ stock you have because if they do cut or eliminate the dividend the stock price will collapse.
Bankruptcy because of the excessive corporate debt burden. VZ Executive Leadership is incompetent and uneducated and shameful.
If there is any slash in the corporate dividend the VZ stock will be $10/share awaiting bankruptcy.
Wireless has all the debt, and no sale of wireline will cover that debt load.
Huge debt will be lifted once the sale of copper goes through. Buy Verizon stock at a bargain right now.
173 billion in debt.. how the he-l did the board of directors let this happen! they all should be replaced better yet FIRED ,and they talk about cerdo and accountabilty.
Absolutely true. Some have been notified already. Off payroll by end of year. Notice dates differ due to state level WARN differences.
Will they layoff contractors before employees this round
Layoffs and RIF coming to GNT and GTS. Managers and directors have stackranked. Looks like timing will be very soon.
GTS always seems to be the obvious target. Week before Thanksgiving is odd timing, non pay-week.
Anyone hear about VCG, VBG, etc....
GTS - week before thanksgiving. Wretched and cruel timing. Shame on HR.
Oct 26th. Company wide.
@gnk+1oHEiJhs
Im pretty sure they are telling you about the sale of wireline.
Do they let contractors go first
There will be no riffs. There will be offers to transfer to areas that are being sold.
All contractors will not be renewed.
Expense is still way over.
Stand by and live accordingly
yes ,please does anyone have any real info,cause you know the company doesn't tell us lower managers anything.