Any ideas why now, company still doing ok as far as financials , harder to find motivated employees, Hans has no opposition despite being directionless and many poor decisions but this should only cost money. perhaps something to do with broader state of nation.
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As predicted, Silliman's departure announced right before massive headcount reduction.
Hans is a terrible leader. All he knows how to do is get rid of people and send jobs offshore. It's what he does best. He is running the company into the ground. They made horrible decisions to acquire Yahoo, AOL, Blue Jeans etc., lost tons of money in the process and we're no further forward. The stock price is in the toilet. 5G Home is a disaster. Verizon has lost it's edge. It used to lead in quality so people didn't mind paying more for service. Now that companies like T-Mobile have caught up, we're still expensive and the quality is gone. We have no way to differentiate ourselves from the market except for high prices.
You guys are missing the obvious.
Insider trading. Jack up the price. Make the stick look as good as possible, then when it peaks, sell.
I don't expect executive leadership to be running things long at this point. They said themselves in the email that the cuts aren't needed and just to keep our lead or whatever. The cuts are to make our stock price look better, but it's short term strategy and setting us up for failure. The ship's nose is in the air because it's about to sink.
Easy way to get the trash motivated to leave.
What parts are being speculated on being sold? VZB VZT GNT?
VSP really stands for Verizon Sale (Prep) Package. Yes, I am being facetious and know what it really stands for.
Pretty simple - a VSP targets older, more expensive workers (higher salary, more vacation time, etc...). The company cannot do an involuntary RIF targeting those folks, as it would be age discrimination, and they would be rightly sued. A person who doesn't have much time with the company wouldn't get much benefit from a VSP, so they would be less inclined to take it.
- Told you so. Everyone laughed when I said this was coming 2 weeks ago.
- The company has to become lean for a private equity buyer that shall soon be named. This means staff reduced to bare minimum with most jobs being sent overseas for cheap labor or outsourced to contracting and indirect companies.
- It will get bad for people who choose to stay. Expect workloads to double with fewer people to help you. Some C Suite leaders have been sold on some technology that will help but it is smoke and mirrors and associates who are testing it say it is awful.
- C Suite no longer talk about customer, employee, or shareholder value. Just whispers about getting it the way a potential buyer wants.
$45.45 billion for c-band in 2021, company is massively levered, cashflow needs to increase
all about stock price
wall street is not buying 5G story and they are not convinced. so need to have new story
The RIF machine isn’t making the money machine go brrrrr fast enough so time to try the VSP to get it going.
Verizon parts being prepped for sale
Because there is a lot of dead weight in this company. And , “Lean and mean” and “do more with less” has been a thing the past few years.
I think CEO’s across the country see the economic s-show headed our way & are starting to plan accordingly.