Despite certain misgivings I recently picked up some VZ shares.
Having worked 37 years for several technology and aerospace firms, I have seen quite a few things including my share of layoffs.
That said, I have never seen a company where layoffs come as frequently as with this firm. An astute Analyst, if there are any following VZ, would raise the issue about what percentage of VZ's earnings growth is simply coming from downsizing?
I imagine employee morale is terrible, but does this company even care about it?
I get the distinct impression VZ management doesn't give a flip about their employees as long as they get ftheir at paychecks.