Judging by the posts on this layoff board, most of the layoffs are older, more expensive folk, so it seems like Verizon is going to bring on younger cheaper labor just ahead of its rollout of 5G...we'll see how that plays out. Also it sounds like 44k people were offered the voluntary severance package and 10k accepted...almost 1/3 of the organization was offered a VSP? Insane:
Verizon says to shed 10,400 jobs by mid next year
121–130 of 215 posts
Re: Verizon says to shed 10,400 jobs by mid next year
#122I'm so glad we passed those corporate tax cuts that created all those jobs and helped provide for all those raises everyone got....
Politically, I agree with you, but your comment is akin to when republicans blast global warming when a snow storm blows in. Pointing to a single data point as a summary of something super complex is always silly.
Re: Verizon says to shed 10,400 jobs by mid next year
#123Earlier quoted context omitted.
Why aren't you asking this of all the comments in this parent? People seem to be blaming Verizon cutting 10,000 jobs on the tax cuts. Or claiming that jobs weren't created. Or that somehow the tax cuts were an economic negative. None of those things can be attributed to causation.
People seem to be blaming Verizon cutting 10,000 jobs on the tax cuts At no point was that ever insinuated. The simple idea is that the tax cuts were sold as a way to give companies financial resources to boost salaries and hire new people. Well they got their tax cuts, why are they doing the opposite of what the tax cuts were supposed to do? Maybe it's because the tax cuts were never going to boost salaries and incr…
> At no point was that ever insinuated.
Then when is the meaning of the parent comment?
> why are they doing the opposite of what the tax cuts were supposed to do?
I'm curious what news you're reading or consuming.
Wages are up 3.1% YoY (biggest increase in 10 years) and unemployment lowest since 1969: https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3...
2.7 Million more full-time jobs since January 1, when the tax cuts went into effect.
Re: Verizon says to shed 10,400 jobs by mid next year
#124Earlier quoted context omitted.
That's a red herring. We could cut taxes to zero and your investments may go up a little temporarily but it would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war.
Would you outline how making corp tax to 0 "would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war"?
Debt default.
Re: Verizon says to shed 10,400 jobs by mid next year
#125I'm so glad we passed those corporate tax cuts that created all those jobs and helped provide for all those raises everyone got....
Sounds like empty political rhetoric and speculation. FTA: Verizon is "cutting costs as it ramps up investment in its next generation 5G network" Maybe that will mean future jobs in other areas. Maybe the people they're buying equipment from/contracting to will add more jobs. The bottom line is how do you really know?
Sounds like empty political rhetoric and speculation.
That's exactly what it is...which is why it is currently the top comment. HN never disappoints.
Re: Verizon says to shed 10,400 jobs by mid next year
#126Earlier quoted context omitted.
Why aren't you asking this of all the comments in this parent? People seem to be blaming Verizon cutting 10,000 jobs on the tax cuts. Or claiming that jobs weren't created. Or that somehow the tax cuts were an economic negative. None of those things can be attributed to causation.
People seem to be blaming Verizon cutting 10,000 jobs on the tax cuts At no point was that ever insinuated. The simple idea is that the tax cuts were sold as a way to give companies financial resources to boost salaries and hire new people. Well they got their tax cuts, why are they doing the opposite of what the tax cuts were supposed to do? Maybe it's because the tax cuts were never going to boost salaries and incr…
> At no point was that ever insinuated.
This is the parent comment, in its entirety:
> I'm so glad we passed those corporate tax cuts that created all those jobs and helped provide for all those raises everyone got....
If that doesn't count as insinuation, then nothing does.
Re: Verizon says to shed 10,400 jobs by mid next year
#127Earlier quoted context omitted.
Tax cuts aren't even a year old and were sold on the premise of job growth.
Which is being achieved if you look at the overall numbers. One company doesn't represent total job growth. If GM fails and Tesla takes its place will you blame that on Trump too?
Two companies in two weeks have announced 10,000+ layoffs. Rumor is Ford is about to as well.
Re: Verizon says to shed 10,400 jobs by mid next year
#128Earlier quoted context omitted.
Correlation does not imply causation. Can you provide evidence tax cuts stoked existing economic momentum? Or is the economy on fire despite these tax cuts? Stock buybacks [1] done with these tax cuts, enriching shareholders, does little to stoke economic demand or benefit the middle class [2]. More likely, cheap, loose credit is what has allowed the music to carry on. [1] https://money.cnn.com/2018/07/10/investing/s…
Why aren't you asking this of all the comments in this parent? People seem to be blaming Verizon cutting 10,000 jobs on the tax cuts. Or claiming that jobs weren't created. Or that somehow the tax cuts were an economic negative. None of those things can be attributed to causation.
> Why aren't you asking this of all the comments in this parent?
I don't need to ask everyone in the thread, polluting the thread. I'm asking why you have made several statements in this thread insinuating the corporate tax cut has benefited the economy, with no evidence. My comment includes citations. Bring data, not feelings or unsubstantiated opinions.
Re: Verizon says to shed 10,400 jobs by mid next year
#129Earlier quoted context omitted.
Here you go those greedy shareholders: Vanguard Group, Inc. 7.26% Blackrock Inc. 6.54% State Street Corporation 3.83% Capital Research Global Investors 2.92% Wellington Management Company, LLP 2.80% oh wait thats actually your retirement money
That's a red herring. We could cut taxes to zero and your investments may go up a little temporarily but it would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war.
Corporate taxes are about 11% of total Federal revenue. If they were cut to zero, that would be bad, but it would not cause the collapse of the dollar or a war.
Re: Verizon says to shed 10,400 jobs by mid next year
#130[deleted]