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Originally Posted by rcentros
5G and VoLTE is not working out. And I don't have to Google. My brother worked for Verizon until a recent layoff. They're now offering an additional 44,000 workers a buyout and are trying to force 5,000 more to change their employment to an Indian based contractor (or stay until the new employees are trained). (Although a threat of a class-section suit seems to have stymied that plan.) They're also planning on contracting out (laying off) all the Verizon store employees to non-Verizon employees. Their attempt to become another "Google" has failed miserably and they've recently shuttered Go90 (where they had sunk billions). I've worked in the telecommunications business for years and watch these things closely. Verizon is flailing and they've brought in the CEO that decimated Siemens to do the same to Verizon. They figure its parts are worth more than the whole. They're also drowning in debt.
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I work for Verizon. Yea, stinks if you aren't part of what they consider the core functionality, but given that 5G is just now being trialed, it's absurd to claim that 5G has failed. None of what you are describing even remotely approaches vultures selling off assets. It's standard outsourcing and cutting back on work force, something that most large corporations go through every so often. I have no idea what the future will bring or what management plans, but the idea that they are going to sell off the pieces is ludicrous.
Once again, they are betting the farm on 5G, which is just now being trialed in various cities. There isn't even any phones that support 5G yet. Verizon moved from 2nd to 1st by going all in when they moved from 3G to 4G before anyone else. It worked out quite well for them. Yes, I was working for them at that time and yes, they did a certain amount of layoffs at that time to focus on 4G. I expect that move to 5G will be just as big a boost. There are a ton of articles about 5G out there. It's going to cost a lot of money, but it can also make a lot of money.
Most US corporations have a lot of debt, including companies like Apple and Amazon. Given how long we have been extremely low interests rates, it makes a lot of sense. Now that interest rates are starting to rise, you will likely see companies cut back on their debt.