Verizon job cuts

3,654 Views | 34 Replies | Last: 4 mo ago by Owlagdad
Logos Stick
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Largest cut in their history. Anybody work for them? They lost a bunch of subs in Q3. Anything else going on?


Gaeilge
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T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...
MouthBQ98
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The phones aren't going to be Sat phones. The towers can be placed in remote areas or upgraded with connections to the satellite network so they cost less to deploy in gaps and difficult to reach areas. Sure, they can build combination satellite/cell phones but they would cost A LOT and be niche products.
25Lighters
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I just cancelled and returned their home wireless internet. Looks like I attributed to this
BigRobSA
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I worked for them, well, a company that eventually got bought by them, and then...them...for almost 19 yrs doing IT stuff for the finance branch of VZ Business.

Verizon, after the CEO (can't remember his name) that was around when we were bought retired and left, was run by the usual good old boy network C-suite morons. That guy had worked his way up from laying cabling under the streets of NYC for Bell Atlantic into the top spot. He's why VZW got access to the iPhong when it originally was only sold through AT&T. The new leaders were all just degreed idiots who all were on each others boards, etc at some time.

Doesn't surprise me that they're getting left behind in their own business. They wouldn't allow us to WFH much because "how do we know your work is getting done?" when we sold all of the tech for companies to offer their employees WFH capability. Not to mention that we had shown that we were capable WFH employees for about 6 months after the 2008 flood wiped out a lot of the downtown area where our building was in CR, Iowa.

Sounds a lot like it's their wireless side bringing it all down. Hopefully, it's just THEIR employees being hit and not all 3 branches (Verizon, VerizonBusiness, VZW).
YouBet
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Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


I'm not sure why anyone pays full freight for one of the big 3 anymore. Zero reason to do that.

We pay $40 per month on Mint. Was paying $120 on ATT before switching.
txyaloo
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YouBet said:

Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


I'm not sure why anyone pays full freight for one of the big 3 anymore. Zero reason to do that.

We pay $40 per month on Mint. Was paying $120 on ATT before switching.

I use a lot of hotspot when traveling and enjoy not having the traffic deprioritized.

MVNOs are second/third class citizens when it comes to data and call priority on carrier networks.

Also, I don't see how TMO/Starlink is going to kill anything. Starlink requires direct LOS to the sky. It won't work in buildings without boosters. There's little to no competitive advantage there since VZW and ATT users with iPhones can also sign up for the service.
Logos Stick
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Agree on Starlink. Based on what I read, the target is remote, maritime, etc. It probably benefits Starlink more than T-mobile.
YouBet
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txyaloo said:

YouBet said:

Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


I'm not sure why anyone pays full freight for one of the big 3 anymore. Zero reason to do that.

We pay $40 per month on Mint. Was paying $120 on ATT before switching.

I use a lot of hotspot when traveling and enjoy not having the traffic deprioritized.

MVNOs are second/third class citizens when it comes to data and call priority on carrier networks.

Also, I don't see how TMO/Starlink is going to kill anything. Starlink requires direct LOS to the sky. It won't work in buildings without boosters. There's little to no competitive advantage there since VZW and ATT users with iPhones can also sign up for the service.


Maybe so but I've never had an issue. That risk is worth the $1k per year in savings.
Charpie
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txyaloo said:

YouBet said:

Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


I'm not sure why anyone pays full freight for one of the big 3 anymore. Zero reason to do that.

We pay $40 per month on Mint. Was paying $120 on ATT before switching.

I use a lot of hotspot when traveling and enjoy not having the traffic deprioritized.

MVNOs are second/third class citizens when it comes to data and call priority on carrier networks.

Also, I don't see how TMO/Starlink is going to kill anything. Starlink requires direct LOS to the sky. It won't work in buildings without boosters. There's little to no competitive advantage there since VZW and ATT users with iPhones can also sign up for the service.

I need to go back to AT&T. I have used the satellite service a lot on tmobile out in West Texas. It's not worth it when MAYBE you can get decent satellite service but the only thing that works is twitter, texting and google maps which is weird because we also have Starlink at our house in WT and it works wonderfully.
infinity ag
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Somebody's been planning for their bonus.
deddog
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CEO is new.
Verizon is more expensive than other brands, and is losing customers.
Their AOV is increasing, but number of customers is decreasing. If you want to keep customers, you have to discount.
Where does that money come from? This is one way.
techno-ag
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AI killing more jobs.

The left cannot kill the Spirit of Charlie Kirk.
infinity ag
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deddog said:

CEO is new.
Verizon is more expensive than other brands, and is losing customers.
Their AOV is increasing, but number of customers is decreasing. If you want to keep customers, you have to discount.
Where does that money come from? This is one way.


Anyone know how many H1Bs they are getting... and how many jobs they are sending overseas?
torrid
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15,000 engineers and technicians running the network? Or 15,000 sales people in the storefronts?
gambochaman
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They decided to eliminate all discounts for….reasons….
So loyalty discounts, family discounts, etc just up and dissapeared
My bill went up $60 in one month
Not to mention their signal where I live went to hell

Dropped them and moved to xfinity mobile for a fraction of the price
BigRobSA
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gambochaman said:

They decided to eliminate all discounts for….reasons….
So loyalty discounts, family discounts, etc just up and dissapeared
My bill went up $60 in one month
Not to mention their signal where I live went to hell

Dropped them and moved to xfinity mobile for a fraction of the price


While employed there, I had Sprint as my carrier. I got a better discount as an employee of VZ with them than I did with VZW.

Totes ridic
northeastag
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This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.
YouBet
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northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.


Agreed. And then add in that phones are no longer bundled with service like they used to be and portability is mostly unshackled. From here forward, I'll move us around based on price that will pretty much be the only criteria for choosing.
bam02
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YouBet said:

Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


I'm not sure why anyone pays full freight for one of the big 3 anymore. Zero reason to do that.

We pay $40 per month on Mint. Was paying $120 on ATT before switching.


Yeah, we used cricket for a long time probably about 15 years ago. I would catch **** from people when I would screenshot something and send it to them and they would see cricket at the top but the joke was on them as far as I was concerned.It worked great. We have T-Mobile now and it's better than AT&T I used for work.
LMCane
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25Lighters said:

I just cancelled and returned their home wireless internet. Looks like I attributed to this


and I just signed up for Verizon Wireless when I bought a new Iphone 16e

no bueno!
titan
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deddog said:

CEO is new.
Verizon is more expensive than other brands, and is losing customers.
Their AOV is increasing, but number of customers is decreasing. If you want to keep customers, you have to discount.
Where does that money come from? This is one way.

They are changing direction to, aren't they. A friend who worked there mentioned closing certain entire departments. I forget exactly which ones, but related to s/w R&D.
RabbleRouser07
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Cuts will be widespread. Lower band employees up to top level execs. Entire teams are getting cut and then some teams are seeing 10-30% reduction.

I just watched my boss with a tenure of 30+ years get told he was being cut.

I agree with getting rid of some employees that are not performing, but it seems as if entire orgs will be reshuffled and reassigned and legacy products will be cut. If we make it through this round, I expect more rounds to come next year.


But I will say the new CEO Dan has a good vision to get back to what made Verizon great and stop nickel and diming our current customer base.
Logos Stick
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You made it, though?

Congrats!
torrid
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northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.

Forty years ago when analog cellular started, the FCC licensed two carriers per market area. One went to a legacy telco, the other went to a start-up. Remember Houston Cellular? Of course, the start-ups eventually got sucked up by the legacy telcos.
AggieKatie2
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Was Verizon for like 15 years, but pricing became ridiculous. Moved to TMobile a few years ago.
techno-ag
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torrid said:

northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.

Forty years ago when analog cellular started, the FCC licensed two carriers per market area. One went to a legacy telco, the other went to a start-up. Remember Houston Cellular? Of course, the start-ups eventually got sucked up by the legacy telcos.
Verizon used to be GTE. AT&T was the old Southwestern Bell in San Antonio. They acquired rights to the name when the original AT&T slid into bankruptcy.
The left cannot kill the Spirit of Charlie Kirk.
BigRobSA
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techno-ag said:

torrid said:

northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.

Forty years ago when analog cellular started, the FCC licensed two carriers per market area. One went to a legacy telco, the other went to a start-up. Remember Houston Cellular? Of course, the start-ups eventually got sucked up by the legacy telcos.
Verizon used to be GTE. AT&T was the old Southwestern Bell in San Antonio. They acquired rights to the name when the original AT&T slid into bankruptcy.


Verizon started in the NE, was Bell Atlantic/SNET/etc. The wireless was started with the old PrimeCo network. They also had "Verizon business" which was mostly the old MCI/WorldCom acquisition (on top of the original Bell business side in the NE).
torrid
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I remember when AT&T was a nation-wide company, then the government split it up into the Baby Bells.

Now it is a nation-wide company.
techno-ag
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torrid said:

I remember when AT&T was a nation-wide company, then the government split it up into the Baby Bells.

Now it is a nation-wide company.

One of the Baby Bells bought the name.
The left cannot kill the Spirit of Charlie Kirk.
techno-ag
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BigRobSA said:

techno-ag said:

torrid said:

northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.

Forty years ago when analog cellular started, the FCC licensed two carriers per market area. One went to a legacy telco, the other went to a start-up. Remember Houston Cellular? Of course, the start-ups eventually got sucked up by the legacy telcos.
Verizon used to be GTE. AT&T was the old Southwestern Bell in San Antonio. They acquired rights to the name when the original AT&T slid into bankruptcy.


Verizon started in the NE, was Bell Atlantic/SNET/etc. The wireless was started with the old PrimeCo network. They also had "Verizon business" which was mostly the old MCI/WorldCom acquisition (on top of the original Bell business side in the NE).
A bunch of mergers. It just kept growing.
The left cannot kill the Spirit of Charlie Kirk.
Icecream_Ag
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BigRobSA said:

techno-ag said:

torrid said:

northeastag said:

This shouldn't be too surprising. When cellphone penetration was increasing and the market was very fragmented, it was easy for the large legacy guys to dominate and print money. But cell service has become essentially a commodity. The service is the same from the big carriers (and even some of the resellers). So customers go to the one that has the lowest price.

And T-mobile's wireless internet product is probably disrupting VZ's FIOS business (but I don't know that their territories overlap).

In any commodity business, cost control is vital. Whoever delivers the lowest cost product (of similar quality) wins.

Forty years ago when analog cellular started, the FCC licensed two carriers per market area. One went to a legacy telco, the other went to a start-up. Remember Houston Cellular? Of course, the start-ups eventually got sucked up by the legacy telcos.
Verizon used to be GTE. AT&T was the old Southwestern Bell in San Antonio. They acquired rights to the name when the original AT&T slid into bankruptcy.


Verizon started in the NE, was Bell Atlantic/SNET/etc. The wireless was started with the old PrimeCo network. They also had "Verizon business" which was mostly the old MCI/WorldCom acquisition (on top of the original Bell business side in the NE).
Verizon formed when bell Atlantic bought GTE. So for the people in Texas and New Mexico GTE became Verizon.
Logos Stick
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I became a Verizon customer when they purchased Alltel.

The industry has been crazy with mergers and acquisitions, bankruptcies, etc...
agwrestler
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Gaeilge said:

T-Mobile, with the Starlink partnership, is going to kill legacy cell phone carriers real fast...


Good
Owlagdad
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Verizon has a cheap spinoff, "visible" with some plans I was going to look into.
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