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That's a fair criticism. One wave of layoffs does not constitute evidence that the tax cuts are a failure. Still the economy is going in an upward direction, a
by padseeker 8y ago
That's a fair criticism. One wave of layoffs does not constitute evidence that the tax cuts are a failure.
Still the economy is going in an upward direction, and Verizon isn't shrinking. Why are they laying off 10K people?
- tracker1 8y agoThey're the most expensive carrier in a highly competitive market that will likely get more so in the next 3-5 years.
- adventured 8y agoVerizon has seen zero revenue growth since something like 2012 or 2013. 7% employee cut, against a 12%-14% inflation erosion of their business. Everything they've done over that time has been to just stand still while T-Mobile eats their market out from under them. In a more practical consideration, they're very likely going to need less people going forward because they're going to keep losing market share to a more nimble competitor. They'd be the last to admit that of course.
- tomatotomato37 8y agoA rising economy can't compensate for stupid executive decisions.