Thread regarding Verizon Communications Inc. layoffs

My views as a former employee

I was an employee at Verizon for almost 20 years. I recently got another job offer and left the company. It hit me after I left how much I think Verizon will struggle. My first bill without my employee discount shot up to $50+ per line on a 6 line account. When i tried to get it lower at a store i got a shrug. We went to T Mobile and with a discount they found I got $25 per line INCLUDING taxes. I did a test from my home on the network and my friends T Mobile phone had a faster upload / download speeds.

So how is Verizon going to compete with companies that charge half a s less while they need to pay off all the debt and dividends they promised the street? Simple, massive cost cutting will be the norm.

Think about the long term before you reject any package. I see Verizon downsizing from here on out.

by
| 3246 views | | 4 replies (last ) | Reply
Post ID: @OP+VlI2uW8

4 replies (most recent on top)

something else to consider is the new CEO came from Ericsson. this is a company that bought assets from a former competitor (Nortel/BNR) that went bankrupt. even with this lessened competition Ericsson's model wasn't to innovate but to reduce costs via layoffs and other reductions. was he brought in to help verizon do the same?

by
| | Reply
Post ID: @uvk+VlI2uW8

Wireless did get the offer. I dont know what to do. If I dont accept what are they going to do

by
| | Reply
Post ID: @ayl+VlI2uW8

Yeah it s---s. I signed up for EPP about 7 months ago. And I signed up for the promotion of getting iphone 8 plus free when you buy full retail price of iphone x over 24 payments. What s---s now is that I'm being outsourced and my EPP discount will end with 17 payments left. If I switch over to another carrier, then I will have to pay for two iphones which is about $1300 left. If I stay with Verizon, I will still get the promotion, but I wont get 50% discount on monthly plan and have to stay with that for 17 months. Not even sure whats a better option.

by
| | Reply
Post ID: @ots+VlI2uW8

Downsizing has been the trend for years. Plus, with how they treat employees, who wants to work in such a toxic environment.

by
| | Reply
Post ID: @cjp+VlI2uW8

Post a reply

: