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

reuters.com

61–70 of 215 posts

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

#62

> The New York-based company has been looking at cutting costs as it ramps up investment in its next generation 5G network, which is expected to fuel growth. "we're about to grow a ton, better cut 10k jobs to maximize those gains." that just sounds so... weird to me.

A businesses’s goal isn’t to increase expenses.

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

#63
post #57

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

I don't know how many times Republicans have to try these to understand it doesn't work.

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.

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

#65

Earlier quoted context omitted.

Sounds to me like the rejection is a tacit admission by the company that you're too valuable to lose.

That would be a fantastic way to ask for a raise.

Not really, they might just say no. If you really want a raise you need a competing offer or a clear market value indicator.

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

#66

> The New York-based company has been looking at cutting costs as it ramps up investment in its next generation 5G network, which is expected to fuel growth. "we're about to grow a ton, better cut 10k jobs to maximize those gains." that just sounds so... weird to me.

> "we're about to grow a ton, better cut 10k jobs to maximize those gains."

It makes perfect sense. T-Mobile basically bought up all the spectrum in the last round of bidding because they got a $4B breakup fee from AT&T as part of AT&T's failed acquisition. That has put all the other U.S. carriers on the defensive, because if they can't win a significant percentage of the 5G spectrum then they're going to be out of business.

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

#67
post #57

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

I don't know how many times Republicans have to try these to understand it doesn't work.

When campaign financing stops depending on them not understanding it.

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

#68
post #25

Earlier quoted context omitted.

I don't really see it as sugarcoating, this is way better than the alternative. They're giving their employees a generous heads up, offering an incentive to anyone who finds other employment, and people who really don't want to leave likely won't have to.

And they get to structure who leaves and when. You can wind down projects responsibly, shift resources over time, train people on new tasks. Far less disruptive than a sudden layoff.

Great point. This kind of arrangement assures that the exiting employee will be happy to cooperate with training their replacement in good faith.

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

#69
post #57

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

I don't know how many times Republicans have to try these to understand it doesn't work.

It worked exactly as intended - to line their own pockets' and their buddies pockets. Mission accomplished, at the expense of the rest of us, again.

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

#70
post #57

Earlier quoted context omitted.

I don't know how many times Republicans have to try these to understand it doesn't work.

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.

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