Verizon Spends Billions To Buy AOL & Yahoo Then Cuts Thousands Of US Jobs

[Omaha Steve]

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By Liz Iacobucci | October 15, 2016

Continuing our “What’s wrong with the economy” series using Verizon as a case study…

You can read about Verizon’s decision to lay off 4,800 American workers in yesterday’s NH Labor News. (You might have missed it in the mainstream press, under all the election headlines.) The cuts include seven call centers as well as some retail stores.

How is Verizon going to serve its customers, once all those call centers are closed? The company “is offshoring customer service calls to numerous call centers in the Philippines, where workers are paid just $1.78 an hour and forced to work overtime without compensation.” (Wow. Not exactly a living wage.)

Guess what else was in the news yesterday. Verizon’s agreement to buy Yahoo for $4.83 billion. So…right now, Verizon is laying off thousands of American workers while it’s spending billions to acquire another company. Does that make any sense to you?

FULL story: http://nhlabornews.com/2016/10/verizon-spends-billions-to-buy-aol-yahoo-then-cuts-thousands-of-us-jobs/

[pangaia]

1. Yup. That's my phone company all right.

[Ohioblue22]

2. Oh well another day in America and the response will be

Oh, look outside the window, there's a woman bein' grabbed
They've dragged her to the bushes, and now she's bein' stabbed
Maybe we should call the cops and try to stop the pain
But Monopoly is so much fun, I'd hate to blow the game
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends

Ridin' down the highway, yes, my back is gettin' stiff
13 cars are piled up, they're hangin' on a cliff
Now maybe we should pull them back with our towing chain
But we gotta move, and we might get sued, and it looks like it's gonna rain
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends

Sweating in the ghetto with the colored and the poor
The rats have joined the babies who are sleepin' on the floor
Now wouldn't it be a riot if they really blew their tops?
But they got too much already, and besides, we've got the cops
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends

Oh, there's a dirty paper using sex to make her sales
The Supreme Court was so upset they sent him off to jail
Maybe we should help the fiend and take away his fine
But we're busy reading Playboy and the Sunday New York Times
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends

Smokin' marijuana is more fun than drinkin' beer
But a friend of ours was captured, and they gave him 30 years
Maybe we should raise our voices, ask somebody why
But demonstrations are a drag, besides, we're much too high
And I'm sure it wouldn't interest anybody
Outside of a small circle of friends