This is literally the description on the Layoff.com portal
Let’s that sink in!!!!!!!
We are now 85k barely. We have lost close to 100k employees.
This is a effing TITANIC I say. Jump while you can. Indian future CEO is already interviewing. Trust me!!!!
We obviously didn't need most of them!
@cn ha, they tried that once and now are realizing how much wired bandwidth in the home is needed. Had Lowell not sold out on the fiber build, we’d have 20M+ fiber connections by now and the P&L would be cruising. Wireless got fat and complacent during a time when you could do no wrong. The wireless market is now saturated, so you are seeing the realities of 10yrs+ of mismanagement.
It’s still a $130B company, just restructuring/repositioning.
@cj And wireline too because they are obsolete.
I would hope they would shed more stores, those people were really never in telecom. They have us a bad name.
Verizon lays off 13,000 employees in December only to regain the exact number of employees from frontier when the merger is complete.
For sure. This is a shrinking company, not a growing company.
AT&T Bell System had over one million employees back in the late 1970s/early 1980s.
Shrinking employee counts is nothing new in Telecom. Downsizing has been going on for years and years and years, etc.
A more relevant comparison is Verizon headcount vs. direct competitors, AT&T and T-Mobile.
Still a little fat on the manager side
Nah. I’ll ride it to the bottom. Then collect unemployment. Then retire.
Let’s see what the next investor call reveals.
I am sure Dan is gonna find some interesting number game thanks to the trusted Internal Audit lady.
House of Cards!!!!