Thread regarding Verizon Communications Inc. layoffs

“Game of Phones”

Seems as though the family from the Far East has made its move in this game of Fire and Ice.

https://www.bloomberg.com/news/articles/2023-10-13/verizon-vz-taps-sowmyanarayan-sampath-to-revive-mobile-consumer-business

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Post ID: @OP+1p83oLij

14 replies (most recent on top)

How soon before learning the results take effect if there is going to be a net positive change?

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Post ID: @5gbf+1p83oLij

Verizon is a leading prepaid carrier in the US – and we’re just getting started. I recently joined a fireside chat with Verizon Value President Angie Klein during our Value Leadership Summit. We talked about where we’ve been, where we’re going next and how we’ll get there, as a team. Some of the takeaways:

  • Total by Verizon is our newest brand and it has already become the most rapid retail deployment in Verizon history
  • Visible, our young, digitally-savvy brand, just launched an ad with Jason Alexander that explains why the details, or the “yada, yada, yada,” actually matter – you won’t want to miss it
  • Our Walmart-exclusive brand, Straight Talk, just launched its biggest moment of the year – just in time for holiday shopping – some Straight Talk plans even include a free Walmart+ membership

We also heard from guest speaker, Mike Abrashoff, who said, “Steady execution is how you win in the long term,” and I couldn’t agree more. Especially within our local stores, results means listening and executing according to the needs of the consumer.

Great to catch up with Angie and team. We’re working hard to take friction out of our processes and I look forward to the future we’re building together. As always, I’m inspired by how this team works hard every day to ensure all of our customers are VIPs. Keep it up!

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Post ID: @4ywv+1p83oLij

Today, USTelecom | The Broadband Association held its annual Broadband Investment Forum. This event brings together policymakers and business leaders to discuss a shared mission: connecting everyone to the power and potential of broadband.

I had the opportunity to interview FCC Commissioner Brendan Carr, who has been a leader and champion of public policies that incent investment and economic growth. During the opening discussion, he reminisced about his “Carr Rides” across the country, which showcased the connection between connectivity, economic activity, and jobs. He stressed that the FCC is heading in the wrong direction by proposing to apply Title II, utility-style regulation to a dynamic industry like broadband. As he put it, slowing down network buildout with regulation while trying to speed it up with government subsidies is like hitting the gas and the brake at the same time. It won’t work. Instead of focusing on Title II, he thinks the FCC should focus on policies that will further strengthen broadband networks, such as creating a spectrum pipeline.

USTelecom also held its Board of Directors meeting today, which marked a bittersweet milestone for me – the end of my term as Chair of the USTelecom Board of Directors. Congratulations to my friend and incoming Chair Jason Williams, CEO of Blackfoot Communications. It was a tremendous honor to serve as Chair and I confidently pass the baton to Jason to guide the crucial work that USTelecom does in DC and around the country. Jonathan Spalter, CEO of USTelecom, and his talented team have been a joy to work with.

Good news though - the Board unofficially agreed I could still use the title "Madam Chair" and I intend to take them up on it.

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Post ID: @4vla+1p83oLij

Thank you to Patrick Halley and the entire Wireless Infrastructure Association for hosting me today for a fireside chat at the WIA Digital Infrastructure and Investment Summit - Achieving Connectivity Everywhere. It is always an honor to be able to talk about important trends, issues and topics from Verizon’s point of view with an industry group that is making a difference in the industry, working to enable mobile communications everywhere. In our short time together today, we covered network infrastructure and building blocks, advanced technologies, data usage trends and changes, where Verizon is driving the industry and what we’re doing to ensure reliable, robust communications for our customers today and in the future.

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Post ID: @4pok+1p83oLij

We’ve been BUSY in Verizon Value, and as another week gets ready to wrap, I’m reflecting back on the amazing Leadership Summit we held last week in Miami. It left me very focused and excited about our path ahead.

Our plans are robust and disruptive. Yet it’s not so much about all those initiatives we have on the docket. It’s about the TEAM that will make it happen. And they showed UP with passion, a growth mindset and commitment for our future.

Sowmyanarayan Sampath joined me for a fireside chat, grounding us in our critical role in the larger Verizon Consumer portfolio and sharing his leadership philosophy and perspective of the US wireless market. There is a palpable energy left in the room whenever Sampath joins us, and we are all grateful to have him at the helm.

Our priorities: Clear and focused.
Our team: Aligned and stronger than ever.
Our mantra: Better. Faster. Together.

It’s our ship. And we are going full throttle.

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Post ID: @4gon+1p83oLij

"Why"?

Because Blackrock and the Board were pushing a new public relations push to try to inflate the stock price and public view of the company.

But HV's appearance and interview were more of the same disastrous HV ham-fistedness with thinking and communicating effectively. Total fail!

So now they are going to try it again with the company's best song and danceman, but the street knows this guy or about this guy. Another fail.

Have you ever seen a company work so hard at losing?

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Post ID: @1xuu+1p83oLij

Question, was the recent Bloomberg article and the journalist authoring the article was favorably bias to VZ and why?

What was the purpose, why, for Bloomberg to cover and publish this VZ related story?

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Post ID: @1fzq+1p83oLij

As TMobile's connectivity in New York, New Jersey and New England improves the company will lose more and more business because TMobile offers a much better deal and way better customer service. Even with the discount TMobile is starting to look better. When traveling internationally it is priced much better. This company no longer makes rational decisions.

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Post ID: @1czp+1p83oLij

Lets see:

No customer service from someone who can understand the customer's needs

Costs and billings as compared to competitors

No longer any effective advertising and brand protection

No more pride or winning culture.

Verizon is like a foreign invasion of the bodysnatchers. I know that I would rather give my money to an American-run company that is owned by Germans because at least the Germans understand the need to take care of the customer to gain more business.

T-Mobile offers the best International services and sells a better 5G product than VZ does because HV provided TMUS with a model of how not to do 5G.

T-Mobile has beaten this company black and blue every earnings season with net adds

Scampath, HV, and all of their foreign phonies need to go before T-Mobile takes all of their remaining customers.

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Post ID: @1som+1p83oLij

Post ID: @1ate+1p83oLij

Add clarity?? The latest executive moves are the best argument for moving to T-Mobile.

Explain!!!

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Post ID: @1tlo+1p83oLij

It looks like the bench is completely empty to make that pick. Here is a novel idea for the board, why not hire an American who understands the US market for telecom instead of constantly hiring foreigners? The latest executive moves are the best argument for moving to T-Mobile.

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Post ID: @1ate+1p83oLij

There is no executive ever associated with the company who was and is more full of you-know-what than Scampath. It is astonishing that they would turn anything more over to him. What has this guy ever finished successfully or on time while working for the company apart from singing and dancing to PowerPoint? This is why the stock has tanked because the street knows that there are no longer any serious execs running the company. It is not a cross between Junior Achievement and Consultants R Us albeit with billions of dollars at their disposal.

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Post ID: @1zha+1p83oLij

VZ's d-mb executives and d-mber investments have led to this unbelievable debacle of this corporation.

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Post ID: @fpm+1p83oLij

Difficult task hoping for a turnaround of this big huge ship.

Practically impossible to do even though this Asian-Indian is highly regarded and could have the academic credentials.

Corporate bankruptcy, is the only option due to an abundant amount of corporate debt and employees' costs are radically high in contrast to the competition.

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Post ID: @fje+1p83oLij

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