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originally posted by: neutronflux
Can you cite a source other than your friend?
While cable based information and internet phone services replace Verizon. And I thought Verizon already sold off their land lines to Frontier?
originally posted by: neutronflux
Investors wanting the company to cut dead wight.
originally posted by: Gryphon66
a reply to: neutronflux
You asked another poster for backup on the number of jobs lost at Verizon. I provided the number cited in the OP's source.
www.channele2e.com...
Verizon Communications says roughly 10,400 employees will participate in a voluntary retirement package that runs now through June 2019. The telecom giant, which currently has about 152,300 employees, says the voluntary layoffs are necessary amid Verizon’s effort to realign its business ahead of the 5G wireless network era.
Snip
Verizon is still growing but the company — like many telecom firms — has been working overtime to address market shifts and next-generation opportunities in software-defined networking (SDN) and more.
Verizon’s Q3 2018 revenues were $32.6 billion, up 2.8 percent from third-quarter 2017, the company said in October 2018.
Verizon, like the broader telecom industry, largely missed an opportunity to dominate the cloud services era — leaving the door open for Amazon Web Services and Microsoft Azure, in particular, to gain critical mass on their own. Amid that reality, Verizon sold its data center business to Equinix in mid-2017.
originally posted by: neutronflux
Depends if the economy is growing in other areas.
Are you saying the telecommunications industry as a whole is shrinking?
originally posted by: AugustusMasonicus
originally posted by: neutronflux
Depends if the economy is growing in other areas.
Are you saying the telecommunications industry as a whole is shrinking?
In regards manpower the numbers are saying that it is shrinking.
originally posted by: Gryphon66
a reply to: neutronflux
You are mistaken. If I have something to say I say it. Perhaps stop making untoward inferences and assumptions and stick with what people post.
Celebrating these continuing indications of a coming downturn in the economy seems counterproductive.
www.abovetopsecret.com...
Verizon Communications says roughly 10,400 employees will participate in a voluntary retirement package that runs now through June 2019. The telecom giant, which currently has about 152,300 employees, says the voluntary layoffs are necessary amid Verizon’s effort to realign its business ahead of the 5G wireless network era.
www.channele2e.com...
originally posted by: Gryphon66
a reply to: neutronflux
Present some evidence besides your opinion that my response to the OP is not factual. You claimed that my quote regarding the readily available information on Verizon layoffs is related to my original post and your claim is false.
Why on Earth would I want an economic downturn? That's patently absurd. Again, stop trying to read my mind and make an argument based on what I actually say not what you think I mean.
Celebrating these continuing indications of a coming downturn in the economy seems counterproductive.
originally posted by: Chadwickus
a reply to: carewemust
Yes!
Celebrate job losses!
MAGA!