Thread regarding Verizon Communications Inc. layoffs

@ch

Exactly — that same consultant-driven logic showed up again when Sampath, reporting to John Stratton, pushed the IBM mainframe outsourcing. McKinsey dressed it up as “transformation” and “efficiency,” Stratton signed off, and the result was a train wreck: lost expertise, endless cutover issues, and costs that ballooned instead of shrinking.

Just like Redbox vs. Netflix, it was another case of consultants rubber-stamping an exec’s pet idea so leadership could claim savings and keep their comp packages intact. AOL, Go90, Redbox, and IBM MF — all symptoms of the same disease.

@cm said it all. In a nutshell, “we’re done inventing”. Just leaning out now to prep ourselves for either a sell-off, or to qualify to take on additional debt to finance further development with no ROI:

5G Standalone (n5+n77 - again - TOUCH EVERY TOWER) which will cut uplink range from mobile device to tower. There’s a reason we anchor on b13…

We need to double down on professional services and get some fat back into these deals.

Technology should be Verizon’s greatest strength, yet reckless outsourcing and offshoring have decimated that potential. Investor trust has collapsed, and employee morale has been destroyed. The so-called ‘Indian mafia’ continues to dominate decision-making, fueling widespread frustration across the company. This is far more than a corporate governance failure — Verizon is a critical telecom provider, and its continued mismanagement creates direct national security risk. By allowing foreign-driven interests and unaccountable leadership to dictate core technology operations, Verizon risks undermining U.S. security,. Unless this toxic culture is dismantled and leadership held accountable immediately, the dysfunction will escalate into a crisis with consequences far beyond the company itself.

Back when Sampath was still a mortal, I asked him what the deal was with all of the consultants who keep making the wrong calls, despite being the supposed repositories of excellence. He told me the reason for the consultant is to support the investment projects of some high-level executive in the company. "Make it so, McKinsey, Boston Consulting, and Bain! "Or find enough evidence to support this crazy idea so I can keep my high salary and exec comp!"

This is where aol, Yahoo, Go90, Redbox etc... come from.

McKinsey talked Verizon out of buying Netflix for under a $Billion a dozen years ago, and talked the company into investing in Redbox instead! How bout that?

McKinsey writes great books and hires smart people who talk a much better game than they play. They have the skills to analyze the game but not to play it, or play it well.

Soyboys with slick presentations but nowhere to be found when its time to dig trenches.

You are giving McKinsey way too much credit. They never presented an original idea.

@ac
I'm not even a director and this is what I do. Gimmie the cash and the 401k match and I'll agree with every stupid business decision

@ag the same words behind AT&T ring equally as true.

Verizon was never a growth company. It's always been a dividend company and that's what it will remain.

It’s an Indian company filled with yes men that are afraid to speak truth to power. From the director level on up nobody cares and just say yes to cash their check.