Verizon Chief Executive Officer Lowell McAdam reveals at a conference in Boston on Tuesday that the strike affects the second quarter earnings.

"Our managers are doing a super job out there," he said, as per Wall Street Journal. "We're doing a lot of installations but we're not doing the same volume as we were before."

Verizon Chief Finance Officer Fran Shammo is still optimistic despite massive effects on the earnings. He stated that loyal Verizon customers are still willing to wait for the protest to end, but some needed to switch to another telco because they need the service immediately.

The definite numbers will be out when the strikes end, but the initial forecast revealed that two-thirds of the earnings could be deeply affected. Analysts said that there are only 160 wireless employees who are on strike but the picket outside their building might impact foot traffic.

Verizon and Communications Workers of America have finally agreed to negotiate for the betterment of the picketing employees. As for the updates regarding the month-long protest, 800 striking workers, and supporters travelled from the East Coast to Washington D.C. as part of their mobilization.

"HEY Verizon, you can't hide! We can see your greedy side!" the workers chanted. According to Socialist Worker, children along with striking parents held a slogan that states "Verizon Took My Health Insurance."

So far, more than 40,000 workers are currently on strike, and most of them came from the East Coast. The groups who also supports the strike are The National Nurses Union, the United Food and Commercial Workers, UNITE HERE, and Service Employees International Union, to mention a few.

The workers are demanding for a better salary, and condemn Verizon from massively offshoring their business in some parts of Asia, like the Philippines for example. "We will continue bargaining and striking until we get the contract that you deserve," union leaders concluded, quotes Patch.