*Verizon Communications Inc. will take a pre-tax charge of as much as $1.9 billion in the third quarter tied to 4,800 planned job cuts.*
*[…] As part of other continuing restructuring initiatives, Verizon said it plans to cease use of some real estate assets and exit non-strategic portions of certain businesses. As a result, the company expects to record pre-tax charges of $230 million to $380 million in the third quarter.*
*[…] The company is also exploring selling thousands of mobile-phone towers across the country to raise cash. A sale could bring in more than $3 billion, Bloomberg has reported.*
sklantee on
As a Verizon stockholder I applaud this move. As a Verizon customer I deplore it. Capitalism is confusing.
(I don’t actually own Verizon stock I just have the usual index funds. You get my point though, right? Like is it worth everything getting enshittified as long as my net worth goes up? I don’t know!)
iloveeatinglettuce on
Right after raising their prices.
MrMichaelJames on
Voluntary leave. They aren’t rif’ing people. And they are getting a nice going away package for volunteering.
Kamp13 on
Verizon has become the worst. I hope the market drives them out of business.
no_f-s_given on
fuck these mega-corps and the executives running them. some real sick, narcissistic fucking psychopaths.
6 Comments
Excerpts:
*Verizon Communications Inc. will take a pre-tax charge of as much as $1.9 billion in the third quarter tied to 4,800 planned job cuts.*
*[…] As part of other continuing restructuring initiatives, Verizon said it plans to cease use of some real estate assets and exit non-strategic portions of certain businesses. As a result, the company expects to record pre-tax charges of $230 million to $380 million in the third quarter.*
*[…] The company is also exploring selling thousands of mobile-phone towers across the country to raise cash. A sale could bring in more than $3 billion, Bloomberg has reported.*
As a Verizon stockholder I applaud this move. As a Verizon customer I deplore it. Capitalism is confusing.
(I don’t actually own Verizon stock I just have the usual index funds. You get my point though, right? Like is it worth everything getting enshittified as long as my net worth goes up? I don’t know!)
Right after raising their prices.
Voluntary leave. They aren’t rif’ing people. And they are getting a nice going away package for volunteering.
Verizon has become the worst. I hope the market drives them out of business.
fuck these mega-corps and the executives running them. some real sick, narcissistic fucking psychopaths.