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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

#71

Post by josho »

padseeker wrote: post #63
nafizh wrote: 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.

> 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/wiki/Manufacturing_Consent).

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

#72

Post by dfxm12 »

2bitencryption wrote: post #47

> 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.

The company is laying off 10,400 employees. According to the article: The company said it had 152,300 employees at the end of the third-quarter ending Sept. 30.

That's a significant chunk of their workforce! I suspect Verizon will quietly be hiring thousands of people from places where they can legally pay them less than these 10+ thousand.

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

#73

Post by [deleted] »

josho wrote: post #71
padseeker wrote: post #63

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…

[deleted]

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

#74

Post by CiPHPerCoder »

josho wrote: post #71
padseeker wrote: post #63

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…

Cut revenue, blame expenses.

Eventually you end up with an anemic government that overspends on things that don't work and ignores all the social programs that the government put in place to prevent history from repeating.

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

#75

Post by dd36 »

AlexTWithBeard wrote: post #61
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....

Did you expect zero layoffs across the United States for the next ten years after the tax cuts?

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

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

#77

Post by jayess »

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....

Full-time employment is up by 2.7 million since the tax cuts went into effect.

Michigan's unemployment is the lowest it's been since records have been kept: https://www.michigancapitolconfidential.com/21325

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

#78

Post by bogomipz »

So they're offsetting the Capex of their 5G rollout by eliminating employees that helped make Verizon 3G and 4G rollouts a success and the company a ton of cash? That seems like a pretty bad precedent if so.

Also why would a brand new network deployment require any less head count? I assume they will just hire new workers when the uptake in 5G begins in earnest?

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

#79

Post by scarface74 »

mlthoughts2018 wrote: post #29
hayksaakian wrote: post #28

Earlier quoted context omitted.

If it's "up to" 60 weeks like they offer "up to X" internet speeds, then they're selling the best case but probably delivering half that.

Yes, but many times companies will pull unmitigated dick moves and give you 2 weeks, no benefits. By comparison, even 1/3 the stated number of weeks is decent (especially for junior employees). Still, it’s a cautionary reninder to negotiate significant severance benefits.

How do you as a lowly employee "negotiate" severance benefits. You have no power. If they say "No" what are you going to do?

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

#80

Post by dfxm12 »

moftz wrote: post #35
rashomon wrote: post #27

Earlier quoted context omitted.

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

No, they would just tell you that you're lucky to still have a job. Even if they gave you a raise, you just increase your chances of being a layoff target since you cost the company more now. If you are saved from a massive layoff like that, you seriously need to find something new because you are next on the chopping block no matter what.

I don't understand how a company can think like this with unemployment as low as it is. They don't have much room to be calling labor's bluffs.
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