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Little VZ stock pop is due to the Iran conflict heating up, NOT due to VZ leadership decisions

AT&T and TMO are also up. Look at the history of these telecom stocks. They go up when the other equities go down due to market risks increasing (wars, rising oil, etc.). Grandma clutches her pearls tighter and moves her money to utilities. She'll move it out of telecom when she thinks the risk is less, and VZ will then continue it's slide.

#Leadership #Market #Risk #Stock #Telecom

Nothing new under the Telco sun.

This is a very volatile industry, whether you survived the layoff(s) or not, we constantly need to reinvent ourselves to remain competitive, unless you're lucky enough to retire. I've been in the industry now for going on 30 years and have seen CEO's come and go. Seidenberg, Lee, McAdam, Vestberg and now Shulman, all got their cut and moved on. Take what you can from the experience and reinvent yourself, here or somewhere new. Life is too short to let these companies dictate your life to you. Peace to all

#Telecom #Layoffs #Career #Retirement #Advice

Verizon Announces Further Workforce Reductions

Verizon is preparing to implement another round of job cuts this week as part of its ongoing cost-saving initiatives. The telecommunications giant aims to reduce expenses under the leadership of its new CEO, Daniel Schulman. These layoffs follow previous reductions in November and May, with the company having previously announced a goal of $5 billion in operating expense savings for 2026. CEO Schulman has emphasized that these measures are necessary to reinvest in the company's value proposition and address declining customer satisfaction. The company's stock has seen a modest increase this year, but it continues to trail the broader S&P 500 index.

New York, NY

https://www.barrons.com/articles/verizon-layoffs-73f1fc34

#Layoffs #WorkforceReduction #CostCutting #Telecom #NewYork

This will help us keep/bring in customers

  • T-Mobile forces legacy Magenta, ONE, and Simple Choice customers onto pricier 5G plans mid-July.
  • Cumulative increases reach up to 60% above original rates for some grandfathered plan holders.
  • T-Mobile’s five-year guarantee excludes fees, which the carrier has already raised twice in one year.

https://www.gadgetreview.com/t-mobile-just-ripped-8-million-customers-off-their-grandfathered-plans-and-raised-their-bills

#Customer #CustomerSatisfaction #Pricing #Telecom

Former V Teamer here, feel very sorry for you all

I still keep in touch with former co workers in addition to keeping up with postings on this site. I am so glad to no longer be in the firestorm that is being a VZ employee. This was a once great company and I am very grateful for all the skills I acquired during my tenure. That has allowed me to become very successful, but this AI takeover is very real and it seems to be impacting a few key industries the hardest, telecom being one of those. Regardless if you decide to hold off for severance, weather the storm, or depart on your own terms just remember, YOU GOT THIS!

#AI #EmployeeRelations #Layoffs #Support #Telecom

California says AT&T lied to FCC in attempt to shut off old phone network.

California says AT&T lied to FCC in attempt to shut off old phone network
FCC considers AT&T petitions to preempt state rules and discontinue phone service.

California state regulators say AT&T lied to the Federal Communications Commission in an attempt to shut off its old copper phone network without providing an adequate replacement.

“AT&T asserts that California seeks to prohibit or hinder wireline carriers from discontinuing copper facilities and investing in fiber,” said a June 15 filing by the state of California and the California Public Utilities Commission. “Indeed, AT&T has been making this argument for years. It is not and has never been true.”

As we reported last month, AT&T sued California over the state’s refusal to let it stop providing phone service to all potential customers in its wireline network territory. AT&T also petitioned the Federal Communications Commission to declare that California cannot enforce its rules and to let AT&T stop providing service to about 199,000 phone customers.

Although California officials say AT&T is allowed to upgrade copper lines to better technology, such as fiber, AT&T has repeatedly claimed state rules force it to maintain the copper lines. For example, AT&T told the FCC in a petition that “in California, the aging, fragile, and expensive copper lines are still there, frozen in time by California regulations enacted by prior generations for the benefit of prior generations.” AT&T told the FCC in another filing that “California requires AT&T to continue offering POTS [Plain Old Telephone Service] throughout its territory.”

California told the FCC that, in reality, the CPUC declined to adopt rules that would prevent phone companies from replacing copper lines with fiber. In a 2008 decision, it decided that such rules would “discourage and delay fiber systems from being built in California, contrary to clear state legislative direction to bring affordable and widespread high quality communications services to all Californians.”

https://arstechnica.com/tech-policy/2026/06/california-says-att-lied-to-fcc-in-attempt-to-shut-off-old-phone-network/

#Regulators #California #FixedLine #Telecom

Morale at Verizon

From: https://www.fierce-network.com/wireless/verizon-launches-simplicity-pricing-new-loyalty-program

As for talk that morale is low among Verizon employees right now, Entner quoted former Verizon CEO Denny Strigl, saying “happy people don’t make numbers. Numbers make happy people.”

Back in the Strigl days, “this was a carrier that was kicking a-s and taking names. It was winning,” he said. Over the past several years under former CEO Hans Vestberg, “they got kicked around, and morale in a company that is losing accounts and market share is not a happy place.”

Soon into his tenure, Schulman announced a massive lay-off of more than 13,000 workers and he’s been candid about how AI is going to replace workers.

Naturally, morale is low, Entner said.

“When Verizon turns around, gains subscribers, gains accounts and wins, morale will soar,” he said.

Circling back to Clark, she said the latest price and loyalty plans are just the beginning. Since Schulman took over as CEO in October, they’ve been centered on putting the customer first.

#Morale #Layoffs #AI #Leadership #Telecom

Morale at Verizon

From: https://www.fierce-network.com/wireless/verizon-launches-simplicity-pricing-new-loyalty-program

As for talk that morale is low among Verizon employees right now, Entner quoted former Verizon CEO Denny Strigl, saying “happy people don’t make numbers. Numbers make happy people.”

Back in the Strigl days, “this was a carrier that was kicking a-s and taking names. It was winning,” he said. Over the past several years under former CEO Hans Vestberg, “they got kicked around, and morale in a company that is losing accounts and market share is not a happy place.”

Soon into his tenure, Schulman announced a massive lay-off of more than 13,000 workers and he’s been candid about how AI is going to replace workers.

Naturally, morale is low, Entner said.

“When Verizon turns around, gains subscribers, gains accounts and wins, morale will soar,” he said.

Circling back to Clark, she said the latest price and loyalty plans are just the beginning. Since Schulman took over as CEO in October, they’ve been centered on putting the customer first.

#Morale #Layoffs #AI #Leadership #Telecom

SpaceX/ Starlink threat to legacy carriers

Anyone with half a brain knows that Starlink is no longer just a rural internet fix. With 9.2 million paying customers ($10B in annual rev), and direct-to-cell satellites already working on standard smartphones, SpaceX is building a parallel network that bypasses carriers like ours entirely. Oppenheimer recently flagged it as a threat to the entire $1.6 trillion US communications industry. Legacy carriers spent decades owning and building the costly infrastructure. SpaceX just launched its own.

SpaceX is going scotch earthed and VZ will be roadkill!

#Satellite #Telecom #Competition #CompetitiveAdvantage #Strategy

Verizon Reduces US Workforce Further

Verizon is cutting several hundred US workers. This action follows 13,000 job reductions in November. The current cuts represent less than one percent of its total workforce. Impacted employees are located across the US, with a focus on New Jersey headquarters. The company confirmed these layoffs are not due to artificial intelligence.

Basking Ridge, New Jersey

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

#NewJersey #Layoffs #WorkforceReduction #Telecom

Please, I beg of you God, cut all the 1999-2000 dot-com bo-m hires tomorrow.

These people keep getting spared every layoff and they're the ones at the water cooler, long overdue for retirement. They are good at showing up on time in a crisply ironed shirt with a positive attitude, much like the old IBMers. But as far as carrying the load when half the team gets axed (strictly according to their manager's own specific preferences and prejudices), the work output won't scale accordingly. They have one speed. The speed of every telephone company. Because every telephone company is comprised of them.

#Layoff #Ageism #BabyBoomers #Workload #Telecom