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Verizon says to shed 10,400 jobs by mid next year

reuters.com

131–140 of 215 posts

Re: Verizon says to shed 10,400 jobs by mid next year

#131
post #107
post #75

Earlier quoted context omitted.

Tax cuts aren't even a year old and were sold on the premise of job growth.

Are you claiming that there hasn't been any job growth since January 1?

Not more than pre-tax cut trend. The critique was always that companies aren't hurting for cash so a tax cut is pointless and will only balloon the deficit. That's exactly what has happened. We gained nothing but a shorter debt bomb fuse.

Re: Verizon says to shed 10,400 jobs by mid next year

#132

I'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.

It's comments like this that keep me coming back to Hacker News. I sometimes find myself in political discussions with people and feel that they aren't playing fair for whatever reason (fair in the sense of good natured truth-seeking). Your counter-example is the perfect, non-snarky retort.

Re: Verizon says to shed 10,400 jobs by mid next year

#133
post #98

Earlier 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

Are you serious man? Why be so dishonest? It's clear as day that that's what you were insinuating. Why lie like this?

Re: Verizon says to shed 10,400 jobs by mid next year

#134

I'm so glad we passed those corporate tax cuts that created all those jobs and helped provide for all those raises everyone got....

Cutting taxes and increasing government spending trivially increases employment and wages. These people voluntarily accepted a buyout to get a better paying job elsewhere.

Re: Verizon says to shed 10,400 jobs by mid next year

#135
So are they going all 5G for residential Fios broadband ... offering FIOs nationally over 5G?

For consumers that would be great and I’m sure other carriers would follow. If they do Comcast will suffer and millions of consumers will have a choice of residential broadband vs. only one player.

Thus I wonder if these job cuts are happening mostly in their wireline business that’s unionized?

Re: Verizon says to shed 10,400 jobs by mid next year

#136
post #124
post #112

Earlier quoted context omitted.

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.

How do you envision that? So companies will stop hoarding money offshore and that will have 0 positive economic effect?

Re: Verizon says to shed 10,400 jobs by mid next year

#137

Earlier quoted context omitted.

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.

It's comments like this that keep me coming back to Hacker News. I sometimes find myself in political discussions with people and feel that they aren't playing fair for whatever reason (fair in the sense of good natured truth-seeking). Your counter-example is the perfect, non-snarky retort.

Argumentum ad populum or ad numerum, it's always good to keep an eye for them!

Re: Verizon says to shed 10,400 jobs by mid next year

#138

They aren't laying off people, it was a voluntary separation: > Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company’s voluntary separation program. They offered a package earlier in the year https://www.cnbc.com/2018/09/25/verizon-offers-separation-pl...

It sounds like they were offered that in lieu of a less favorable outcome...Also 3 weeks per year of service is in my experience less than standard.

IBM offers statutory minimum i.e. “we would give you nothing if it was legal”. A year+ is a fair deal.

Re: Verizon says to shed 10,400 jobs by mid next year

#139
post #98

Earlier 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.

> 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.

I was simply providing numbers as a counterbalance to those that were weirdly lamenting that the tax cuts are responsible for job cuts, similarly without evidence.

Re: Verizon says to shed 10,400 jobs by mid next year

#140
post #71

Earlier quoted context omitted.

They understand good god damn well they don't work. This is exactly the plan. Sell people on the idea it'll help them, then these companies take the money and run. What amazes me is some working people will continue to vote this way even though it keeps failing. I guarantee there will be more tax cuts sold in the very near future, and the same people will buy into it. Some people never learn.

> Some people never learn It's hard to learn when your sole source of news is Fox News. It's not even that Fox News is an outlier, the fault is ad supported news media. What do you think will happen when a politician comes along that threatens the million dollar ad accounts from finance and health industries through policies that reduce those institutions influence? Chomsky was right (see https://en.wikipedia.org/wik…

I don't see the left looking to educate the public against Fox News in general. As long as Fox News controls the message, the uninformed will continue to vote against their best interests. If someone ran a FB campaign against Fox News, I'll donate.
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