Thread regarding Verizon Communications Inc. layoffs

All true.
Will Verizon change ?
Nope.
You can't have change with inept "leaders" who write poems to the wives with AI...
Don't trust me ?
Mark this post, and come back later, when WZV will be sold for pennies on the $

@ad

X100. I think the only critique I have is GTE is was a far better run company than Bell Atlantic. Which was the sole reason for the merger becoming Verizon. GTE had more money due to being more efficient and strategic. For sure though, the old wireline methods and procedures were superior to the mess that was created. By running a telco company like just another “tech” company, throwing money around in all the wrong places. No investment into updating equipment, infrastructure, etc. of course we’ve fallen behind. A good portion of management has no idea what their job actually is. New systems and reorgs don’t do a damn thing, if people don’t have a basic understanding of the backbone of the industry they are in. I’ve been in meetings with executives that still don’t understand why we even need wireline for wireless services. “Wireline is an outdated technology. Wireless is the future”

Yeah. How does wireless work without wireline? Crickets. These are the people making decisions for the company. Wonder why we’re losing market share. Innovation means nothing when you have no clue about what got you here to begin with.

Considering the heritage of the Company was a Ma Bell Monopoly it's to be expected. The simple issue is Vz operates in an oligopoly environment and has not adapted. The blame goes beyond DEI... it goes directly to the Vz BOD and how it's comprised.

To think Vz buys Vodaphone shares for $140B and then inserts a Vodaphone sponsored Executive to crush Vz 100 year culture with his Verizon 2.0 reboot was insanity. Only to be topped by have the fired CEO remain on the Board until October in a Strategic Advisory role and sit courtside at Knicks playoff games only highlights how poor the Vz Board actually is.

Verizon needs to hire Executive leadership that is fluent English and understands the FCC political culture and rewrite the 1995 Telcom Act.

Until then the current Verizon Executives will garner millions for underperforming while the past Bell Atlantic/NYNEX Executives made thousands doubling the stock.