Union - 27% (24,270 = CWA + IBEW)
India + EMEA - 11% (9,890)
Non-union - 62% (55,290 incl engineers, customer reps, sales and juicy Management fat @ BR)
Verizon Total - 89,900
Union - ~69% (8,700 = CWA + IBEW)
Non-union - ~30% (3,780)
Frontier Total - 12,600
Assuming the unions cannot be touched, is it reasonable to expect future cuts to be amongst the (55,290 + 3,780 = 59,070)?
**Based on all the chatter, assuming a 15% hair cut that equates to ~8,860
@pe wrong!! Verizon's corporate debt thus the corporate balance sheet are directly correlated to Verizon's share price!
@kf and here we are with no’2026 stock together. And they wonder why morale is down
@kf if the stock price reaches $75, he can ge more than $220M depending on actual performance multipliers (salary, STI, RSUs, TSR PSUs, supp PSUs...)
For a company like this and with such a staggering debt, it is an incredibly lucrative/obscene package. None of his contractual metrics are dependent on lowering the debt, it's all based on stock performance.
Can you read between the lines?
Dan Schulman’s compensation package as Verizon CEO (effective Oct 2025) is designed to potentially reach $100–$130 million through 2027, driven heavily by stock performance. He receives a $1.5 million annual base salary, a potential $3.75 million cash bonus, and significant stock awards, including $30M in performance units and over $29M in restricted shares.
May is mostly Frontier & EMEA RIF. Some additional groups may also see cutting based on restructuring.
July is expected to be a large reduction with numbers between 10-15% of non-unionized US workforce. Consumer group may continue to see shakeup of leadership.
I heard somewhere in the merger rules that the government blessed for it to happen. They have to retain 50% frontier employees. It's anyone's guess. I think they are throwing darts at this point.