Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure [telecom]

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Verizon's Oath division failing in ad market, and it could get even

By Jon Brodkin

Verizon is parting ways with 10,400 employees in "a voluntary
separation program," despite the Trump administration providing a tax
cut and various deregulatory changes that were supposed to increase
investment in jobs and broadband networks. The cuts represent nearly
seven percent of Verizon's workforce and were announced along with a
$4.6 billion charge related to struggles in Verizon's Yahoo/AOL
business division.

Verizon described the voluntary buyouts as well as ongoing Yahoo/AOL
failures in a Securities and Exchange Commission filing on
Tuesday. The buyouts affect "US-based management employees" in
multiple business segments, not just Yahoo and AOL.

Bill Horne
(Remove QRM from my email address to write to me directly)

Re: Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure [telecom]
On Saturday, December 15, 2018 at 9:24:18 PM UTC-5, Bill Horne wrote:
Quoted text here. Click to load it

I guess the "family" atmosphere of Bell Telephone is gone.  They used
to proudly advertise how multiple generations of a family worked for
the company:

(this is just a small sampling of many such ads, including many
for Western Electric.)

The Western Union newsletter also often touted family connections,
such as when a son or daughter joined their parent in the company, or
when siblings worked for the company.  In one issue they featured
twins working for the company.

Indeed, I can't help but suspect that many companies nowadays
discourage this kind of loyalty.  My own impression is that today's
employees are seen just as mechanical parts, to be around only when
needed and immediately discarded when done, no questions asked.  I
think this is sad.  I also think it makes for bad business.  I think
the company loyalty, such as promoted by Bell in the 1950s per the
above, was a win win for all.

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