let’s save money. need a raise and getting rid of one of Verizon’s weakest departments would help.
11 replies (most recent on top)
@j8 mostly covered by aggressive Opex cuts (massive layoffs, building closures, company-owned stores sold off) and generally making Verizon not a viable company long-term
Expecting other parts of the business to be sold off, likely to be announced by the end of the year
It's like cutting off one arm and boasting that you can still wipe your ar-e with the other one. Ain't that bad, right?
@j5 And YET, the bills are being paid, taxes paid, dividends paid, and your salary is getting paid..... dam FIN is really bad ain't it?
@h8 look at how bad this company’s finances are and reanswer the question
Finance is great at doing budget transfers and pretending to be strategic instead of transparent reactionary moves. They have led the way is denying the company lost our network competitive advantage. And now they think they are customer centric with a reactionary $30 service. What a joke. And finance transformation is the biggest failure anyone has ever seen - that I can tell you! It’s a disgrace. The legacy leaders that created unprofessional hostility and toxicity towards the well meaning COE somehow remain through it all. Their disregard for the negative impact they had on careers and lives is disgusting. Their legacy is shame and failure for what they did. Sad.
@h8 you make it look like Finance magically makes money out of thin air
I suppose this great team was also repeatedly reminding execs and the BOD to stop spending money like crazy and that the low interest rates were not going to be the norm forever?
Did anybody from Finance raised their hand at least once to say that the only company with a higher debt at the time was VW?
Yup, one sure way to make sure you and rest of the company get your walking papers. Who do you think has to find the money that everyone else wastefully spends? Does GTS really need 9+K people ? Do execs need to be flying around, giving speeches at conferences, spending more time with strangers then their own employees?
Someone has to find that money!
Finance in basking ridge = taking two hour lunches, spending time in the gym, kick a soccer ball outside for a few hours, chat all day. Or just work from home and work an hour a day. Love it.
I can’t imagine needing more than 20 people in finance.
There is no life like V-life. Corruption, incompetence and RIFs energize is!
Our VP says we are a winning team after our leaders were let go and we have been offshored and riffd relentlessly for years. I am inspired that our leader is inspired by us taking pictures with a Verizon telephone booth right before our office shut down. The foundation has been set for us to play to win. Let’s go team!
Some parts of finance are weak and they’ve been allowed to get away with no changing at all for the past 15 years like Accounting…others like Fin Ops changed and then have been pulled apart. The overall leadership in finance has been uncoordinated and piecemeal