Marketplace No job? No office phone? Thanks DOGE.
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Apr 22, 2025 Verizon faces a steep decline with 300,000 lost subscribers, attributed to government layoffs and fierce competition. The fallout may affect other corporations amidst DOGE-fueled funding cuts. Meanwhile, the U.S. lags behind China in nuclear power expansion, raising concerns about energy competitiveness. Aging Catholic sisters struggle financially, highlighting the economic pressures on older Americans. The jewelry industry also feels the pinch as fluctuating tariffs threaten artisan craftsmanship.
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Government Layoffs Hit Verizon Hard
- Government layoffs significantly impacted Verizon's phone subscriber numbers due to fewer federal employees needing phones.
- Corporate cutbacks linked to government layoffs might spread across other telecoms and businesses reliant on federal contracts.
Immigration Policy Affects Telecom
- Immigration policy changes can reduce telecom subscriptions, shifting customers toward prepaid plans for anonymity.
- Fear of sharing personal info like social security numbers reduces postpaid subscriptions, impacting telecom revenue.
Telecom Stability vs Federal Dependents
- Telecom is mostly recession-proof because communication services are essential.
- Companies dependent only on federal government revenue face greater risks from layoffs and funding cuts.