Verizon is cutting another 15,000 Employees, bringing their total down to about 85,000 — and you can bet your AASSS that AT&T will follow in their footsteps.
https://www.wsj.com/business/telecom/verizon-to-cut-about-15-000-jobs-87280c3c?
https://finance.yahoo.com/m/75f297fa-e15f-3cba-96f5-57abda5a2630/verizon-to-cut-about-15-000.html
“Now your options are RTO or long term unemployment .”
RTO is a good thing.
They can run there company with 15,000 less workers. Wow, what a CEO.
New CEO restructures company.
Yes, because T is a follower vs a leader!
AT&T will follow as usual.
Now there will be 15k more people with the same skill set to compete with in the unemployment line.
Now your options are RTO or long term unemployment .
At least they are honest about vs. AT&T's subversive methods to force out employees. Zero integrity in the C suit.
"Stankey’s RTO and reduction initiatives were widely publicized in the spring of 2023. "
The RTO was never positioned as a cost cutting initiative, hence the "collaboration" bullshi+.
Yes, Stank mentioned removing several billions in expense out of the business but he never identified the sources, and never said involuntary employee separations would be a part of that expense reduction.
Hope our brothers and sisters at VZ land on their feet. I’m sure this will s*ck for most of them.
CAN YOU HEAR ME NOW!?
Stealth layoffs? What are you talking about? Stankey’s RTO and reduction initiatives were widely publicized in the spring of 2023. It made major headlines in the press.
We’ve been cutting that many and more every year for a while now. Though, ours are all stealth layoffs anymore. Don’t want that news to leak and hurt the stock price more.
This is great news. It should really help the stock price and customer service.
At least VZ is not trying to backdoor the head count reduction like Bald Stank has been doing.
There's a huge revenue gap going into next year...they're not going to solve EBITDA pressure by fixing that...it's going to be big cost reductions. Which, we all know where the biggest bucket is for those. US! Weeeeeeee
already have been