I'm really interested in how the team will function after everyone's workload has been drastically increased. That is, I'm wondering who will be the first to leave. Do they really think that placing such a burden on the remaining employees is a... — read more
Who owns the majority shares in verizon
Verizon Communications is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.3% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.9% of common stock, and State... — read more
Major Network Reorg
Expect announcements this month of major network team shakeup and reorg. Given potential revenue jolts from consumer side, network will see more rifs and director retirements. Russo already announce the first set last Friday.
Proud to be v teamer....
I am proud to be a valued member of my company's team...WOW, I said that without laughing. I think the medication is working, now off to work.
Wake Me Up When September Ends
Summer has come and passed The Domestic workers can never last Wake me up when September ends Like my past co-workers come to pass Seven years has gone so fast Wake me up when September ends Here comes the Rif's again Falling from the Rumor... — read more
Seeking Alpha - Verizon: Black Swan Risk
Verizon: Black Swan Risk Jun. 04, 2023 8:00 AM Summary Verizon continues to face the threat of a tech giant entering the domestic wireless space. The wireless giant has seen their net debt level swell to over $150 billion just as another... — read more
ROFL - LMAO - INSANE LAUGHTER
Layoffs and wireless network throttling
We know Hans leadership strategy is lay off people to make the look better. Now, I have a lot of people on our VZW network saying pages are incredibly slow or won’t load 75% of the time on newer iPhones. Wasn’t an issue previously , it was blazing... — read more
To Put Things In Perspective
VZ Unions: How other mega-corporations stave to prevent something bad from affecting you for a period of time; to delay something.
Unions: Other mega-corporations staving (to disallow, to prevent something bad from impacting for a period of time, to delay something indefinitely) unions include: Amazon Apple Tesla Starbucks T-Mobile
will there be a RIF coming too the witeline side of the company
does anyone have any reall insight on this.
Life at Verizon...
Triple the amount of work-check, Cut staffing-check, Set unrealistic goals-check, Show favoritism-check, Use the word "Teamwork" in every sentence-Priceless!
I see things haven't changed
Verizon used to try to cut its way to profit when I was there six years ago and from what I'm seeing and reading here, the same thing is happening now. I guess nobody in leadership has learned from the past. It didn't work then, and something tells... — read more
Telecommunications - RIF Poetry
Layoffs, Let go, folks go broke. Jobs heartlessly shipped overseas, Hans gets rich and goes woke.
Nothing like the old Verizon
Some people find it hard to leave because they still think this is the old Verizon they started working at a long time ago. But what does this company have in common with that old Verizon nowadays? Almost nothing.
CNBC Host of Mad Money seeks VZ CEO to appear as Guest for the show's Executive Decision segment.
Does the VZ CEO [dual role as Chairman of the Board of Directors] have the wherewithal or the conviction, to make an appearance? Make an appearance!!! Yesterday's show [CNBC Mad Money, nightly, 6 PM/ET] where the host stated that VZ, generalizing... — read more
Wireline Buy out packages
So been hearing lots of rumors anyone think they may offer the wireline outside forces a package to leave .Kinda makes sense they want people off the payroll & are riffing management .I also hear they may hire some new outside guys at the lower... — read more
Even after more than two decades and taking the VSP (Voluntary Separation Program), I still find myself visiting this site every month. I remember the initial few months after accepting the VSP, when I faced a pay cut and heard all the news about how... — read more
Verizon is an Old Farrrt good ol boy network culture!//w/ top heavy management and needs to bleed the top management
I don't really care about performance anymore
Ever since I realized that RIFs mostly have nothing to do with performance, I don't put in nearly as much effort as I used to. I used to be very dedicated and tried to have the best possible performance, but what does that bring to the employee... — read more
Are we really still a business?
https://www.fool.com/investing/2023/05/31/if-you-invested-1000-in-verizon-in-2014-this-is-ho/ If you had invested $1,000 in Verizon on Feb. 21, 2014 -- the fateful day it took full control of Verizon Wireless by buying out Vodafone's (NASDAQ: VOD)... — read more
Verizon layoffs its customer service team & moves overseas to save money
Verizon is being run like by a freshman’s malfunctioning AI project. Thanks Hans and Craig! https://www.phonearena.com/news/verizon-layoffs-overseas-customer-service_id147700 https://www.reddit.com/r/verizon/comments/13qsipl/what_did_i_just_hear/ — read more
This division is doing so well. Tracfone has managed to lose so many customers while visible can't complete number ports and loses numbers . The person running it is very pretty.
Hans meetings w Outsourcing Companies in Davos WEF in Jan 2023
When Hans went to the World Economic Forum last January in Davos , Switzerland he met with 2 separate outsourcing companies (one from India and I think Accenture or First Source). Hans getting them ready for more business with this latest round of US... — read more
We got cake today in Basking Ridge for doing a good job
As a thank you for all of our hard work, we were called superheroes and given cake.... I love Verizon! Nothing shows appreciation more than cake.... (Sarcasm if you hadn't caught on) Maybe Jane C and her crony Matt J should be RIF'd. Nothing but a... — read more
The hard truth
I feel for the impacted workers in customer service, but let's just be honest, no one was raving about Verizon's customer service. ever... As sales, calling customer service is the bane of my existence. I'd call on behalf of large clients so they... — read more
No Guarantee for Severance
It was explained today if for CS, if too many reps choose severance pay that it wouldn’t be the option chosen and reps will then, have to stay despite choosing severance as our first option. This is explained during the Lunch and Learn. How insane is... — read more
If you don't value your employees, if you don't appreciate the work we do, then you're not going to get very far. And the latest round of layoffs showed just that. You don't care if we lose knowledge, expertise, and know-how. All you care about are... — read more
Be prepared as RIF's will be continuing for the next 2 years frequently
No, this is not a fear mongering post. This is a real post. I have seen the sheets and there are so many planned outsourcing and offshoring initiatives over the next year and a half it is ridiculous. GNT and Finance are being sliced up on so many... — read more
When is my end date
I was on a performance plan and notified of the layoffs and that I wouldn’t be able to reapply for the 3 new positions. Confused as to why I haven’t been given an end date yet.. just business as usual
Whispers of dividend cut coming
Higher ups talking about of dividend cut coming. I wonder how this would affect our stock together or 401k
Thanks for the summer off and then the severance Verizon
Thanks for the summer off, especially being let go in NJ. 90 notice, takes me to the end of August, plus my 4 weeks of unused vacation time, prorated bonus and of course the severance. Already lined up my next job, and most were right on this... — read more
Nothing to do
I hear from some colleagues that they have almost nothing to do. That's not a good sign. Does it mean that they will be cut soon or not necessarily?
Verizon leadership needs to fall on their own swords!
It is shameful that this “leadership” team is able to cut 10s of thousands of employees due to their poor business decisions and misunderstanding of Verizons value to the consumer and still able to collect their pay and stock incentives. Inside the... — read more