Thread regarding Verizon Communications Inc. layoffs

This is why they brought in Hans...

He did the same thing at Ericcson. He's a finance guy, not network. He couldn't get 5G launched for them so that's not why VZ brought him in. He's there to make cuts and help the bottom line. That's it... As simple as that.

Ericsson on Borrowed Time

https://www.bloomberg.com/gadfly/articles/2016-06-17/u-s-probe-puts-ericsson-ceo-vestberg-on-borrowed-time

US authorities are investigating Ericsson on suspicion of corruption

https://nordic.businessinsider.com/us-authorities-are-investigating-ericsson-for-corruption-2016-6/

Ericsson ousts chief executive Hans Vestberg | Financial Times

https://www.ft.com/content/9f3ab3b4-5233-11e6-9664-e0bdc13c3bef

Ericsson Shares Jumped After CEO Was Ousted

https://www.investopedia.com/news/ericsson-shares-jumped-after-ceo-was-ousted-eric/

by Anonymous
| 4127 views | | 3 replies (last ) | Reply
Post ID: @OP+Vja8WnZ
Comment! It's anonymous!

3 replies (most recent on top)

Not Hans. Gavin Belson, turds.

by Anonymous
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Post ID: @1dgy+Vja8WnZ

Yep, keep eyes on this:

win the race to build out 5G before the competition does

by Anonymous
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Post ID: @mak+Vja8WnZ

He's here to launch 5G, the build out of which will be incredibly expensive, so the company want tens of thousands of employees off the books ASAP so they can use the cost savings to win the race to build out 5G before the competition does and be the dominant player. He basically said as much in his email.

by Anonymous
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Post ID: @vaz+Vja8WnZ

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