Thread regarding Verizon Communications Inc. layoffs

MEC, private network, industrial 4.0(IoT) are all failed bets as well.

@b5
former CEO of BlueJeans and the former CEO of AOL hung around for a short time but collected MILLIONS
Sort of like our buddy, Hans

@an Blue Jeans! Talk about trying to capture a moment but being too late to the party. By the time Blue Jeans was available for mass market during the pandemic, majority of the business customers already had it w Zoom and Teams . Teams and Google were embedded. Good luck trying to break that up without slamming which a lot of business reps did.

Excellent. Exactly what is needed. Fire them all.

Blue Jeans? Wow, what a great purchase that way ... Yahoo, BlueJeans... Buying Frontier, Selling them, then buying them. Again, that IS GREAT LEADERSHIP!!!!

@aj
Then, you don't know how it works.
All equipment has to be FREEEE or no business from govt cuz competitor said all equipment is free.
And, all pricing plans for everything for $10 a month cuz competitor said everything is for $11 per month and you have to beat it.

@OP Shock Horror. Business gets rid of businesses that don't make money! Haha we're not a charity.

If a unit is not profitable and isnt adding value to other units...then why should it not be shut down? It's a failed business at that point.

Not shutting those down long ago is part of the reason we are at this point.

The company is not making money because is not well run, because of the many self-inflated clueless leaders that care only to play the game and have no knowledge of the business they are assigned to. A company that re-orgs every year.

The proof is given by those companies that pick-up the pieces dismissed by Verizon. In 1 year-top those businesses that once were not making money become profitable. The list is too long to be mentioned

For the full year 2024, Verizon's reported consolidated net income (profit) was $17.95 billion, a 50.73% increase from 2023. Full-year earnings per share (EPS) were $4.14, up from $2.75 in 2023.

"wE aReN't MaKiNg aNy mOnEy!"

How to know when you're at end stage capitalism, when 18 Billion in PROFIT = 15,000 layoffs because it's not enough.

What a waste to not be a boomer these days.

@a6 more than likely shut down, they aren’t making money. You have some areas with 6-7 corp stores and maybe 2-3 of them are profitable. Verizon is losing money! Day to day.

Will the unprofitable units be shut down or sold?

Wireless makes money?

Dan’s incentive ladden $50M bonus all but guarantees a short term P&L focus.

Vz needs to change out 50% of board with Business focus… Call Denny

Currently work in a Public Sector/Gov NOC that is very much struggling in a lot of aspects (leadership, terrible tools, mediocre T1"engineers"). I know were sc--wed, especially after the negative press we received with the FAA contract getting botched.