Thread regarding Verizon Communications Inc. layoffs

@LyKv8Lv-4hdu If 5G is your savior....you're done. The 5G of your dreams you will not be the 5G you're going to get, I can tell you that for sure.

"5G" was a marketing name from the beginning. It was to lure in investors on the wave of the wireless excitement and fast paced technology breakthroughs. That stopped at " 4G "

"5G" is still stuck in the lab waiting for a technology breakthrough. It doesn't work...well for what they would like it to do anyway. But don't let Wall Street and the investors in on that.... for them...." it's 5G is right around the corner " and when it's here....it will deliver "pure heaven to all".

"5G" is not your savior.

The only savior for vz is 5G ,otherwise this company is going to drown in red.if 5G does not work out for them,will should know by mid 2018 after 2017-2018 testing phase.By then all the so called top leadership of this company will be taking their golden retirement packages,whats left will be fed to the dogs...you will find out soon enough

What is so funny is vz is still pounding better matters to all its employees and customers. It's clear the customers don't care and leaves us only to pound our heads against the wall.

@21JH - I'm not referring to AT&T as Verizon and AT&T are one and the same. And are both in similar situations.

Except AT&T so far has been more aggressively reducing headcount. I imagine Verizon will soon follow.

As the commoditization of wireless continues, non telecoms like T Mobile and Sprint will continue to gain leverage. And even worse. MVNO operators using these competitors networks will chip away at AT&T and Verizon.

The days of best network and better matters is over. Now come the days of the dumb pipe.

QEX,

Some of your statements are correct - but #2 (competitors do not have unionized labor force) is not - have you ever heard of AT&T? Also, you comment about the VZ-VOD wireless partnership being a private, self-managed company: also not true. VzW was far from private, and operated as a component of the larger VZ, even though 49% owned by VOD. VOD received dividends and had the right to appoint some of the leadership (usually the CFO for VzW), but generally had no control of day-to-day operations. Those operations were the responsibility of VzW/VZ. These mistakes aside, most of your post makes good points. I'd add that the DNA of the company is that of a telco: which includes a visceral aversion to loss of revenue. The company's leaders have no idea how to strategically give up revenue in return for competitive advantage. They hang on to every nickel until some competitor forces them to respond. The leaders are fantastic 'followers from behind'. And we know how ineffective that strategy is!

@yyy, you win the internet with your spot on comment!

You all want to blame this solely on wireless but it goes further than that.

Verizon can't compete because it has to keep its revenue high. Verizon has to keep its revenue high for the following reasons:

1) $116 billion in debt. Mostly from the purchase of Vodaphones half. The debt has to be serviced ( paid) and this is expensive.

2) Union labor force. Verizons competition is not burdened with a high labor cost. Verizon's competion also operates with about 75% less headcount. Again expensive.

3) High dividend on stock. Verizon pays billions in dividends per quarter. The competition does not.

These factored and more force Verizon to keep its service expensive so it may meet all it's financial obligations which are significantly more than the competion. This is an unwinnable scenario. The path of least resistance is to continue to reduce headcount.

Verizon should have left wireless alone and not bought out Vodaphones half. This would have let it be a private self managed company that would have been more agile and able to change quickly with the shifting trends in wireless.

History will show Verizon's purchase of Verizon Wireless as a huge disaster that will bring both companies down.

Agreed...wireless wants monumental growth every quarter. They had it when everyone and their old uncle was getting a cell phone and then a smartphone. Now, no more growth and competition is more nimble and in tune with what consumers want(unlimited data) and Ole BIG Red is getting their tail whipped.

Awe.... poor wireless

From the bigger is always better economics textbook 101, but again is it?

Yea, the current leadership(I use this term loosley) has taken soooo many missteps since Ivan left I have stopped counting. We should have seen the path they would take when waaaay overpaying for Vodaphones half of the wireless biz. They can't get it right on content(Slow90), price(5GB for $55), or which direction they wanna go (yahoo deal or Charter). I see more bad choices on the way that, us as employees, are forced to deal with.

Interesting how the delivery of flawless uninterrupted services to the home ( wireline ) is now a greater priority than the saturated over priced hit and miss spotty service ( wireless ) at Verizon.

NOPE NOPE NOPE! https://www.bloomberg.com/news/articles/2017-01-27/in-a-verizon-charter-deal-analysts-see-one-massive-pile-of-debt

More like a buyout of Verizon... not a merger

Yes, wireless is the end all. Just like landlines. Times don't change.

Number 1 it's a rumor. Number 2 it would a merger at best, Verizon is too broke and too much in debt to buy Charter valued at nearly $100 billion.