and please try not to be all doom and gloom
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Because telecom has been taken over by the IT types, that means it also is now subject to ens#!tt!f!cation.
Take a step back folks and look at the big picture here folks…
US cellular is now a four player market (VZ/T/ATT/Cable) with high prices by international standards. It is also a converging market. This is a horrible market structure and will inevitably lead to prices falling, margins falling, return on capital falling, capital investment under pressure etc.
This means that costs will have to be significantly cut, this means more layoffs. Add to that that ai run companies will always out-compete non-ai, then this only accelerates.
It is inevitable.
Hopefully many more stores shuttered. 🙏
Yall are a bunch of stinky petes!
Sold to Elon.
@eb I’d put money on it. Not that long ago, the strategy was to centralize finance under FPAS and move as much work offshore as possible. It’s remarkable how quickly the narrative has shifted. The leaders behind that push have all since “retired,” and FPAS has now been absorbed back into finance, revealing just how much overlap was there all along.
At this point, the power sits entirely with BR that played the long game and won. Finance seems to be the only group that managed to intentionally sabotage its own transformation effort without consequence. Meanwhile, everyone else is still expected to hit their savings targets. It’s a classic case of “follow the rules”—just not the example.
@cv alternate finance sites, does that just mean everyone consolidating into BR?
@cf....I lived it for 28 years at VZW so I would know better than most
@cv it’s a shame if true but long overdue to get a cohesive workforce strategy. Lake Mary FP&A was never fully supported and it’s been an awkward arrangement with BR for way too long.
@cp That poster may have been right. I work in RE and alternate finance sites are being reviewed. Not many people know. Think of Jamal as an asteroid and Lake Mary employees as dinosaurs.
@ah doubt Lake Mary is closing. Jamal is hosting his all hands from there this week. The liars and grifters may actually show up to the office to make appearances. Perhaps they’ll ask him Lake Mary questions about ping pong, gym time, doing puzzles and planting trees.
@b4 Shows how little you know. The wireless CEO never had a say and got marching orders daily from the Verizon CEO. Denny even had a signing cap on PO/contract amounts. But this is the wrong info site
The wireless side and the wireline will be two separate businesses again. The wireless side will have a new CEO who knows how to run it like the old days when things were so much better and we had direction. The wireline side will keep its hands out of the pot where it belongs. Wireless will prosper again..... sorry I must have been dreaming
🐯 will have the stock floating in the mid 50s by then. There will be plenty more stores and the waste they bring pawned away to third party retailers. Less employees and those remaining focused on running the technology side of things and the actual delivery of services.
I know the following as facts:
CFO and key members of his team = disbanded and let go
Tulsa and Lake Mary = shut down
Finance = sizable parts outsourced
Governance, Risk and Audit cost centers = significantly reduced
Dan and Hans = laughing all the way to the bank
Let's not kid ourselves.
Dan The Man Plan will have the stock price increase. His bonus and compensation is based upon stock appreciation.
Unfortunately to make that materialize there will be more layoffs, store closures, consolidations, net/add/churn number games, etc.
After Dan The Man Plan exits in 2 years with his 50 Million plus, Verizon will be a shell of what it once was.
Leaner and meaner, let's go.
Maybe he will have the decency to leave the Red Chair for posterity.
On its way to being purchased by a bigger company
A much leaner company
Miss Cleo is here with 2 predictions for ya mon. There will be reorgs. There will be layoffs. The cards reveal all. Come back now will ya for a free tarot card readin!
I think its going to be doomy and gloomy. Sike! Its going to be industry changing. Buzz light year space ranger type stuff. (Not a flying toy). VZ dubzzz is getting W's. Wooooo!
I think a very Ai driven company with a lot of roles erased. It won’t stop until Dan is gone.