Verizon has cut three states out of the pie and took a helluva hit with Vodaphone. As a result, staff has been cut and the remaining carbon units are working 12 hour days to make up for the lost talent. Way to go VZ.
Workforce reductions are a way of life at VZ. I have never seen a firm of this size have so many layoffs through the years. Many employees keep a box packed.
You can't cut your way to growth!
except that VZ is not cutting it's way anywhere ...
anyone can look at a piece of information and draw whatever conclusion you want ..
fact is , there is no longer work for many of those people and the outlook doesn't show the
need for such a large force ..
have you ever worked for a huge company ?? anyone who has can tell you that there some
"in house retirees" and also some signifigant number who can comfortably retire , then when
you look at whatever newer employees get cut, most can still go out and get a decent paying
job .... no doubt , there will be many caught in the trap .... the 40 and 50 somethings with a
big mortgage and kids in or heading to college ...
fact is , nothing should be made of the cuts ...
VZ is going to sell a bunch of towers .. then lease them back .... i have to imagine that that means
far fewer VZ employees needed for maintenance and probably even upgrading ...
when you analyze a company , you have to think, , then sleep on it and think some more ..
never quit thinking .. .g
It's not just "old style telephone engineers", it's across the board from repair service, IT, marketing, management etc.
I am a shareholder and I have worked in tech and investment for 35 years and I find the frequency of layoffs at VZ to be the highest I have ever seen.This has been going on for a long time, well before the price war started. It creates an unstable working environment and employee morale stinks.
None of the VZ Analysts have the guts to call the firm out on this!
Harry , let me put you hip to something ..
Just the fact that VZ could spend $23 billion to get FIOS started should tell you that this is a
very large , very powerful company , add to that 130 bil price tag to buy VOD wireless , no problems
servicing the debt ....
It's one thing to root for an underdog , but don't bet against a winner ... g
harry says "FIOS is a bust"
Right harry -- guess again -- from VZ PR 10/14:
• 4.5 percent year-over-year increase in consumer revenues, the ninth consecutive quarter of more than 4 percent growth; consumer ARPU (average revenue per user) up 10.3 percent.
• 13.4 percent year-over-year increase in FiOS revenues; 162,000 FiOS Internet and 114,000 FiOS Video net additions."
there seems to be an overall trend of getting people back into the office ....
one thing that eluded this practice is the need for social contact and also some separation of home and
before they make you useless and irrelevant. these are discussion and message boards. yahoo should start charging for posting at least. I am sure there are other ways also to freeze out these spammers.
Sentiment: Strong Buy
Dividend is so much better than record low Bond rates: 10year 1.67% 30 year 2.25% unbelievably low for such long term. I'm sticking with Verizon's almost 5% and so much room for growth.
I would spend a few minutes understanding how Verizon came into being and at what point part of the DNA of AT&T morphed into Verizon. Perhaps when the light bulb comes on, you'll realize exactly how much of an idiot you really are.
ever see how many posts get deleted by Yahoo ? they used to allow links in a post , but now
they catch those and the posts don't go through , they could filter these guys out also ...
Mat the fleas of one thousand camels infest your groin. May the cancers of 500 children enter your body.May you thirst and have no drink, hunger and have no food!!!
Hey SMUCK, why do you keep on bashing Verizon. everyone knows that you don't like
Verizon. I just hope that your stock takes a deep dive and you lose everything.You are
nothing but a pissant that need to be stepped on.
Sentiment: Strong Buy
•Verizon (NYSE:VZ) is flat premarket after a first quarter where it added 565K net retail postpaid wireless connections (up 4.8% Y/Y) and churn fell back to 1.03%, from a prior-year 1.07% and Q4's 1.14%.
•On an adjusted basis, EPS of $1.02 was up from last year's $0.84 after accounting for gains from the company's acquisition of full ownership of Verizon Wireless in February 2014. EBITDA of $11.95B beat expectations by $420.4M.
•Revenue by segment: Wireless, $22.3B (up 6.9%; Service revenue of $17.9B, equipment revenue of $3.4B); Wireline, $9.5B (down 2%; Mass market revenue of $4.6B, Global Enterprise of $3.3B, Global Wholesale of $1.5B).
•Operating income of $8B was up 11.2%, and operating income margin up to 24.9% from the prior year's 23.2%. EBITDA margin rose to 37.4% from 36.7%.
•The company's monetization of tower assets led cash flow from operations to rise to $10.2B from $7.1B, but excluding tower impact, free cash flow was up to $4.2B from $3B.
•FiOS revenues were up 10.2% Y/Y, to $3.35B. Verizon added 133K net new FiOS Internet and 90K net new FiOS Video connections to bring totals to 6.7M Internet and 5.7M Video connections.
•Verizon's retail postpaid average revenue per account fell to $156.14 from $159.67. Smartphone postpaid accounts rose to 91.4% of phones activated.
The problem is when people work from home it starts out making sense and all well and good, but folks just start stop doing work and start doing other stuff, when they are supposed to be working. It's not just with Verizon.
too funny as it goes over 50, bad timing is all you have Leo