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

reuters.com

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

#141

Post by AlexTWithBeard »

dd36 wrote: post #127
tootahe45 wrote: post #115

Earlier quoted context omitted.

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.

Interesting observation that both companies have strong unions.

It's too early to imply a reliable correlation (not even mentioning causation), but surely something to watch after...

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

#142

Post by jayess »

dd36 wrote: post #127
tootahe45 wrote: post #115

Earlier quoted context omitted.

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.

So what? Far more new jobs than that have been created.

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

#143

Post by dd36 »

twblalock wrote: post #129
dd36 wrote: post #86

Earlier 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.

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.

A $350 billion annual increase in debt would result in default.

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

#144

Post by TheSpiceIsLife »

root_axis wrote: post #122
padseeker wrote: post #30

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.

Are Republics a homogenous whole, none of whom take climate change seriously?

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

#145

Post by sandoze »

sct202 wrote: post #10

I read on the Layoff they had about 11.4k applicants, and 90% of them were accepted. Looks like the first wave is out starting Dec 28th. With such a large cut it would be weird to be rejected, I would feel an awkward mix of jealousy and loss to go back to work afterwards.

As someone who volunteered and wasn’t cut... it’s a mighty weird rejection.

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

#146

Post by jayess »

TheSpiceIsLife wrote: post #144
root_axis wrote: post #122

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.

Are Republics a homogenous whole, none of whom take climate change seriously?

Today, everyone is in a group, and if that group is not your group, the other group is bad.

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

#147

Post by dd36 »

qaq wrote: post #136
dd36 wrote: post #124

Earlier quoted context omitted.

Debt default.

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

Access to capital is not a current issue. There is a virtually unlimited amount of capital available in the US to anyone offering it a high return. The issue is the lack of opportunities for high returns.

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

#148

Post by qaq »

dd36 wrote: post #143
twblalock wrote: post #129

Earlier quoted context omitted.

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.

A $350 billion annual increase in debt would result in default.

you do realize that money will become someone's income and still will result in tax payments?

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

#149

Post by padseeker »

padseeker wrote: post #113
jayess wrote: 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…

The point is so simple and straight forward I question your ability to carry on this conversation. It is bloody obvious what I'm trying to say.

The idea is that we have a problem, a stagnating economy, lack of jobs and stagnating wages.

The prescribed solution to this problem was tax cuts.

So if you still having large scale layoffs then it appears that maybe the SOLUTION is not quite solving the PROBLEM.

Instead I need to engage in this stupidity. This is like someone getting cancer, and someone prescribes snake oil solition, and I'm saying the snake oil doesn't work.

And instead some of you at the bottom of this thread are saying I'm blaming the cancer is due to the snake oil. How long do we need to do this stupid song and dance.

If we are going to engage in news sources regarding statistics for stagnating wages, which news sources are you going to accept, and which ones are going to be dismissed as liberal bias?

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

#150

Post by padseeker »

jayess wrote: post #123
padseeker wrote: post #113

Earlier quoted context omitted.

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, whe…

The point is so simple and straight forward I question your ability to carry on this conversation. It is bloody obvious what I'm trying to say. The idea is that we have a problem, a stagnating economy, lack of jobs and stagnating wages.

The prescribed solution to this problem was tax cuts.

So if you still having large scale layoffs then it appears that maybe the SOLUTION is not quite solving the PROBLEM.

Instead I need to engage in this stupidity. This is like someone getting cancer, and someone prescribes snake oil solution, and I'm saying the snake oil doesn't work.

And instead some of you at the bottom of this thread are saying I'm blaming the cancer is due to the snake oil. How long do we need to do this stupid song and dance.

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