Everything hinges on quarterly performance. If Q4 results disappoint, we could see another major round of cuts, especially since last year's Q4 was exceptional and Dan needs to show he's delivering results. Q1 has historically been Verizon's weakest period, so management will probably announce significant reductions to satisfy Wall Street if the numbers fall short. I'd anticipate roughly 5% workforce reductions each quarter over the next year, plus at least one new offshore headquarters. The message from leadership is clear: ongoing job cuts in the U.S. paired with overseas expansion will be the standard operating procedure going forward.
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quarterly, lol
lol so if VZ will be doing RIFS every quarter, then they’ll eventually run out of employees
Cutting the workforce on a quarter has a negative impact on that quarter's financials. Expenses and liabilities go way up for the severance accrual. The benefit (if any) shows up in subsequent periods due to lower costs.
Leadership probably wants to take the hit now in Q4 before FY2026.
Stay in your lane.
I worked there 28 years through the company buying spree they went through. I survived 42 RIFs during that time frame. I jumped on the VSP on 2019 because that kind of churn is mentally exhausting. The biggest difference is in the early days they did trim fat. You worked hard and contributed you were safe. The last 10 years there was no more fat trim….they have been cutting off limbs and body parts. I feel for anyone going through this because of the mismanagement this company has embraced. I will pray you land quickly and for a good outcome for you all.
It’s not sustainable to cut 5% of quarter
You have to have somewhat of a staff
Vzw is going down though - the offshoring derailed the company