With unlimited plans omnipresent, is our Overage Revenue Drop causing most of our problems now? Thoughts?
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Could also save 6 mil by cutting 20 directors from wbg making 300k. Or how about cutting millions and millions from all the wastes of space with director, president or vp in their title? Oh wait, i forgot. After the DM level there needs to be a director, who reports to a retail vp, who reports to a market pres, who reports to tami, who reports to ronan, who reports to stratton, who reports to Lowell. Without A SINGLE ONE OF THEM actually delivering a single penny to the bottom line. It's disgusting.
Also, augmenting the network to support unlimited is probably going end up costing north of a billion dollars this year.
I was told by higher up that since unlimited launched Verizon is losing 14-15Mil per month in revenue due to higher tier plans dropping to this lower rev plan and no more overage revenue. Doing the math Verizon can cut around 13.5mil in salaries by cutting 4000 employees averaging 20/hour.
Not so much the overage revenue drop as so many people dropping their plans $30-40 and the massive plan drops of they were on higher plans. Most of our step ups are$10 at best. We're not offsetting those huge drops. They don't need to track per ratios they need to track dollars. If we drop one plan $100 we need to do step ups greater than $100 and that might mean 10 step ups for 1 step down.
Gravy train
Verizon retail/ indirect retail stores are like former Blockbuster video - we all know what happened in the end....
we were getting killed in gross adds. We had no choice.
That gravy chain is never coming back, and leadership has been in denial about this.
the obscene bonus the board gets every year isn't helping either... it's more than our sti/profit sharing combined
It certainly isn't helping.
And the costs of operations.
And none of our non network investments are making money yet.
Maybe if one of them become a hit
Its a component, a small one though