If we are delivering strong financial results, why are workforce reductions still happen?
11 replies (most recent on top)
@aq Don't count Musk out. I don't like the guy, but he single handedly brought a revolution to the automobile market, and space exploration. These are no less difficult to tackle than wireless connectivity.
Absolutely no growth, no innovation, and way too much debt over the last 20 years.
We don't need so many workers.
Because Stank wants to get down to 85K employees. He feels revenue per employee is too low. Sinc Stank cannot grow revenue he must lower expense.
@aq they have many billions and the years you are talking about are really 3-5 yrs with the way technology moves nowadays
@aq ofc another Att boi triggered I think Wall Street would disagree. AT&T's mobile network is solid, but satellite is a real long-term threat. Starlink has been buying spectrum and could keep improving direct-to-phone service. If wireless keeps getting faster, it could also eat into fiber's advantage at home. Starlink has roughly 27 times as many satellites in orbit as Amazon Leo. So Att partner is limited too
You’re wrong about starlink. They can’t compete with us. Their current network is better than ours about .00002% of the time. They have a long ways to go. The amount they would have to spend to be arguably better would take many many years and more billions than you can count.
https://www.thelayoff.com/post/@a1+1m5zaqphq
AT&T market cap is 3rd behind Verizon and tmobile. The debt doesn’t make it better. The earnings were expected more than good. The market knows Att is a legacy company that can’t compete with Starlink. That’s why the stock price fell.
earnings weren't great and what are the positive catalysts??. Also, how effectively do you think StinkyStank can compete against Musk?
greed