I’m a long-timer at Vz, and throughout my career I’ve witnessed many changes and shifts at the company, good or bad, but the last two years were something else to me. I feel like I was teleported to a totally different company, or something. I often wonder if it is really possible that a company that was once stable and successful, can change so much for the worse in such a short time.
17 replies (most recent on top)
Foreigners are good slaves. They do not run the company, they help bosses run the company and make profits.
Dont run away with an excuse that foreigners are running it. The mighty all ethical western EURO caucs still run it.
2 point Oh is turning into a south asian insourcing money sinkhole and beginning to look like amateur hour. As has already been pointed out, T-Mobile has taken our once prized network crown and Lowell has left us with Ericsson's clown. Unlike Lowell, at least Hans knows what business we are in.
The Company is Turning into ERICSSON. Ironic
2aqx regarding #4 T-Mobile.
Driving down profits in Wireless while increasing the cost and complexity in acquiring and retaining customers. Even if Verizon won't admit it, T-Mobile took away Verizon's golden egg. Add in the Wireline decline already in progress and it increases the urgency in which Verizon needs to develop new products and grow into new markets (see also: inability to launch, trend chasing).
TMUS kicked our butt ever since Lowell referred to them as the JV team on one of the quarterly results webcast.
Some factors to consider. Some more than others. How much weight do you give each of these?
Excessive recruitment of executives needing development. It may be a worthy goal to develop diversity-based executives, but each one of them was selected at the cost of excluding an experienced leader with a proven track record. They didn't just do it once, but over and over again.
Trend chasing! (Worse? It is usually too far behind the curve.) Half-height cubicles so that all employees can collaborate like dot-com employees. Unassigned seating in other locations because saving money is more important than finding people. Critical applications in someone else's cloud. Can we get a few more executives who integrate selfies into their employee communications? Perhaps you can recall a few specific examples in your own department. (also see: executives in development "with new ideas")
Inability to launch. Go90. Hum. Cold Chain. Smart Cities. Anything and everything. Verizon executives badly need to expand the business with new products. They just can't figure out the product, promotion, place, price. Or the people. Maybe we're all just waiting for Cyber-Surgery over 5G? (see also: trend chasing, executives needing development)
T-Mobile. Driving down profits in Wireless while increasing the cost and complexity in acquiring and retaining customers. Even if Verizon won't admit it, T-Mobile took away Verizon's golden egg. Add in the Wireline decline already in progress and it increases the urgency in which Verizon needs to develop new products and grow into new markets (see also: inability to launch, trend chasing)
When I think of problems which have transformed Verizon the wrong way over the past few years, I think of these four items. Am I wrong?
"The company hasn't had any significant growth in 3+ years, it has nothing to do with foreigners leading the company now."
Nonsense. None of them 'get it'. The company is more about being global justice warriors instead of being the largest wireless telecom in the nation. Lowell packed the board of directors with a bunch of losers. It won't be too many quarters before the institutional shareholders start making Verizon 3.0.
The company hasn't had any significant growth in 3+ years, it has nothing to do with foreigners leading the company now. It's years of poor decisions and greed of shareholders that has held this company back. If the company was smart and lowered the price of the unlimited plan s by $10 a line they would see significant growth. Also they need to lower the price of a tablet/jetpack line as well. Then people would stop cancelling them left and right.
It is a different company now. A foreign company led almost entirely by foreigners. You can count on a single hand the number of executive leaders who are native-born Americans. This is part of why we are not growing because their foreign arrogance unconsciously blinds them from ever truly understanding and being able to sell to the American market. Right now the company is running on its historical reputation for its network, but now T-Mobile and AT&T also have good networks too. I think that what happens next depends on how much of 5G turns out to be a myth and how much is a technological miracle? This definitely ain't your mama's American phone company anymore.
There is some transition definitely going on but it is still way too top heavy and too powerpoint presentation heavy. Everybody is delivering the slides, but nobody is delivering the goods in terms of dollars. The changes at BR make the company look childish or silicon valley wannabes and the work environment has resulted in increasing rather than decreasing the number of 'silos'.
Will the changes allow the company continue to be a powerhouse money making dividend machine or follow the neverending road to nowhere no-growth like centurylink and frontier, or be gobbled up and taken hostage by google or amazon? The jury is still out on this one sports fans, but rest assured that you have baseline seating for the outcome.
It is a totally different company. No question - the best and most experienced talent took the VSP.
It started really going downhill after 2015, when wireline and wireless merged. Wireless was a great place to work until that happened.
From a customer-facing craft point of view, it is 1000% better than it was two years ago.
The sadists have been deservedly put to pasture, leaving the professionals to do their job.
Most of the talented managers are still here, or they left over two years ago.
The recent VSP’s, for the most part, in my corner of the world, meh - Don’t let the door hit ya where the Good Lord split ya.
Yes OP, it’s totally different from two years ago.
There are far fewer obnoxious douchebags on the payroll than there was two years ago.
Nice work cleaning house of deplorables (but I miss some great, decent, sharp, and professional guys and women that left as well too).
The new foremen are stand-up gentlemen and -women.
It us no GTE or NYNEX for sure.
Many old timers jumped ship with VSP when they saw what VZ has become.
There is no life work balance. You see a whole lot of execs pretending to act like millennials.
Different company? Hell yes...when I first started, I was making about $300 a week gross with no OT. Now it’s almost $1700 per week. Went from NJ Bell to Bell Atlantic to Verizon. It’s was way better for employees AND customers when it was BELL. Everything went downhill except the paychecks. Company doesn’t care about customers anymore...only the dividends matter.
Oh trust me, ATT is the same. And most of the other telecom companies are in or at the edge of bankruptcy.