Could Hans' replacement have an unforeseen conflict / issue? Is this the end of Verizon? All eyes on you Hans.. let's hear it.
Seriously
Seriously if you haven't found a new job yet get out there and do it! No amount of money is worth the torture of Verizon. Your going to ruin your life if you stay.
The migration from ETMS to ServiceNow was in anticipation of interfacing with HCL who uses SNOW.
Change my mind.
Handwriting on the wall
Vz folks, hang onto your savings. Blue Jeans and managed services are the tip of a melting iceberg. The company is significantly over in opex and this is one early way to improve the financials. Next are RIFs in 3Q and 4Q.
Which VBG teams are moving to HCL?
Which teams are moving? Who runs managed services?
DO NOT GO TO HCLTECH
You think Verizon picked a good company to force you to? Take a look at how Infosys treats the employees that went to them. They are a bunch of racist, misogynistic a-holes. HCLTech will be no better. Walk away if you can as you do not want to go... — read more
Verizon will sell out the whole company to Indians if they could
First this year was customer service and now this deal with HCL. Hans and his cronies are selling out America. I encourage anybody in IT to get as many certifications on the company's dime while you can
Everyone is out for themselves:
Everyone is out for themselves - everyone is looking at each other with a feeling " It better be him/her than me". everyone is trying to hang on to their jobs at any cost. Most of them are not confident that they will be able to secure as good a job... — read more
Everyone is generally grumpy
Lately I think it's noticeable more than usual - people here are generally very grumpy and toxic. It's understandable because we are all stressed out. Does Verizon not value employee happiness?
VZB will outsourcing to HCL
Breaking.
HCL acquiring Managed Services
Rumor has it that Managed services being sold to HCL. Employees named in sale will have no option to take a package. HCL will give 1yr job to employees forced to stay. No job transfers are allowed to VZ for those employees being sold. Very... — read more
Verizon...
Where good ideas and good companies come to die. Blue Jeans is just the latest victim. Now, if we can just close down that Vestberg acquisition.
Will TV be the next to RIP
Seems like VZ is dumping anything they can’t seem to get going, hence the recent Blue Jeans announcement. TV is another loosing division. It costs the company tons of money to carry the content that the other players already own like ABC, NBC... — read more
VZ Leaders, Got Ba--s , Engage Employee Stakeholders Vote
Next acquisition = Ba--s to Run VZ Pulse to Acquire any company , even better vote layoff vote anonymous…
Verizon is shutting down BlueJeans
https://www.theverge.com/2023/8/8/23825112/verizon-bluejeans-shutting-down-sunset
Blue jeans is done?
Hearing that all of BJ is impacted. Entire product is being retired and sunset. Even customers will be notified of sunset
8/7/2023 CNBC's Mad Money: Host Cramer Praises BlackRock Inc., the CEO and the Board of Directors
Cramer's longing for BlackRock and its Board-of-Directors. Stated the BlackRock share price should be a $100 higher. The BlackRock BOD has the Verizon CEO as one of its members. Verizon share price in the doghouse along with no vision, no... — read more
Here’s the cautionary tale
Verizon is going to look to do more service that we Weill charge for in the store. And it will get harder and harder to achieve sales goals cause they’re not going to hire technicians. SUAG is step 1. Verizon taking out all the other brands off... — read more
Verizon interviewing process:
Verizon interviewing process, is such a farce they play with the applicants/candidates. I could never understand when they ask all kinds of irrelevent questions which has nothing to do with the job requirement. Seems like this is a just a game they... — read more
I thought Verizon valued culture?
If Verizon valued culture, they would outline specific steps for career progression and role changes. Not, "Hey, you want me to hire you? You gotta be like me first.." Amazon model, no interviews. You meet the steps and requirements you can move... — read more
Verizon's Next CFO [NOT!!!]: Tesla’s CFO Is Stepping Down.
Tesla's CFO Zachary Kirkhorn, who also holds the title of Master of Coin, is stepping down after 13 years with the company. He has been CFO for the past four years. Chief accounting officer Vaibhav Taneja will take over as CFO. Kirkhorn will continue... — read more
Congratulations, Sweden!
You just took down a great American team previously known for its hard work, quality, and focus on being the best. Oh, yeah, and then there's FIFA women's soccer.
Toxic work environment at Verizon:
The work environment and culture has become so toxic at Verizon. Sometime just one person will ruin an entire group and start to play nasty games and spread toxicity. The bad part is that they have their management's support. It drives you nuts and... — read more
Class Action? Just saw this
https://www.prnewswire.com/news-releases/vz-lawsuit-alert-levi--korsinsky-notifies-verizon-communications-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301893018.html
People change here
Starting with myself, enduring stress for a long time has made me a lot different from the way I was when I first came here. This place makes people bitter, even if they never were, and their mental health suffers here. I'm leaving soon because I... — read more
Hans Please Stop Now!!!
I dunno what it is that you are and are not doing, but please take your hands off of the controls and stop doing it. You have become the shareowner terminator. Whatever it is that you were doing in the frozen tundra, please round up the family and... — read more
Verizon Debt: What would happen if Verizon "stopped" paying its Corporate Debt, Restructure vs. Defaults??
Ponder this for a moment regarding the massive, remaining, $140B incurred corporate debt approved by the current VZ CEO. The lenders would simply restructure the loaned amount and moving forward re-amortize the payments. Pay the corporate debt with... — read more
What's going on with the MAM teams?
Nothing, I haven't heard anything...
Lead Cables
Clear facts stated around the ongoing analysis of lead sheath cables states that only a small portion of telecom infrastructure is lead sheath. However, this is still hundreds of thousands of miles of cable both underground, in waterways, and aerial... — read more
Next round of layoff!!!!
Next round of layoff - It could start as early as Mid August.....Have fun VZB worker!
Verizon to have large layoff following in ATTs footsteps
Low stock performance coupled with poor customer growth have aligned to create a massive revenue deficit monster. Here comes the reduction program. Good luck everyone!
Jim Cramer on 8/1
Jim tells us what we as employees already know... "The fact is is that we don't want to buy a stock just for its dividend, but if it's not growing. Verizon to me has lost its way, I don't think its management is very crisp anymore, and I don't care... — read more
Sinking ship
One cause of the stock’s fall is a simple comparison between Verizon’s results and that of rivals. AT&T (T) is a company that many love to hate. Now consider that in 2022, AT&T added 2.9 million postpaid phone subscribers. Verizon? VZ added 201,000... — read more
Companies that are enforcing RTO mandates are in trouble.
Major companies that have enforced stringent RTO policies are losing productivity, losing their top employees, and have underperformed the current bull market. Be careful what you wish for. RTO is the final nail in a lot of companies coffins. — read more
Office Days
Continue to read and hear about many companies/competitors moving to an office-first model. It’s been pretty quiet internally for awhile. Likely just a matter of time, but anyone hearing of upcoming changes to WorkForward?
AT&T HR Chief Is Leaving as Company Cuts Thousands of Jobs
(Bloomberg) -- AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant is eliminating thousands of jobs as part of a newly expanded $8 billion cost-reduction... — read more
NDA must be ironclad
All those people that signed a NDA are very tight lip about VZB. Usually someone talks, but not with this. Whatever is going on in Basking Ridge and the NDA they signed has put fear in them. Spill the Tea, throw us a bone.
General Electric [GE]: Verizon's Ancillary with Vision, Strategic Planning, and Leadership
GE's Management "focus on cash flow, cleaning up the balance sheet, selling off assets, [and] paying down debt," is why the stock has recently hit 52-week high. It’s hard to turn a legacy company around. In the case of over 125-year-old GE (GE)... — read more