Anyone else think that this week’s productivity will reach an all time low? Is there any hope of it improving the following week? The only chance management has of rallying the workforce is to significantly cut the bloated layers of management. Leaving the old CEO on the board for another year sent a loud and clear message regarding Verizon’s non-commitment to change. That was a very stupid move! Telling the entire workforce that they would find out in just three weeks if they still have a job is just off the charts D-MB! If Verizon cuts front line employees without cutting significant management you might as well lock the doors and sell off the assets.
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@OP Once a few years ago, we got a new avp that said, look left, look right, one of the 2 will not be there next year ..... Telling employees, 15000 will be fired in 3 weeks is a lack of respect again.
The upper management VPs and above are the ones driving the decisions that cost the company millions. They tell people what to do and those people have to deliver. Of course the wrong people will be getting axed. Corporations are DISGUSTING!
Dan was on the board when Hans was hired, all the billions were spent, all the stupid decisions were made, etc.
He's "cleaning" up his own mess the only way he and all the other vultures know how, get rid of people.
All they want is a stock price where they can cash in their options, they really could give a rats a-s about the long-term or the employees.
80% of snr directors could go and nobody would notice
the great example of everyone praising the management layers to protect their own jobs for years, knowing the boat was sinking , well done all
I suppose they aurally please their leaders, by saying what their leaders want to hear I guess.
Ask yourself this : is my teammate or leader in place due to their talent/merit/hard work? Or is it their tenure/gender/race/identity?
This is not Verizon specific...it's the strings being pulled from above the past 10+ years. D E I must D I E.
Hans was fired but they are claiming he stepped down as an advior. Yeah right, as if! Dan was clear that he can't stand the guy and has criticized Hans role. If anything Hans remains in the background simply because the company didn't want to really alarm Wall Street and cause the stock to take a major tumble down and impact investors. They also kept him as an "advisor" to basically allow him to ride out his contract. We all see the bs about Hans. How many of us were against is hiring from the beginning? Yet again a failure of our shittttty board when they selected a man who tanked a company and got fired from his last job. The entire board should be fired for hiring this clown to begin with then followed by all these "yessers" sitting on the VLC.
@OP Gotta say - I now approach every meeting thinking “If this group got whacked, no one would miss them” I hat yo say it, but VZ has far too many people working on things that don’t matter. I’m just hoping they keep the value add and shred the rest.
@OP Just wait for it. It will happen