Thread regarding AT&T layoffs

Wrong 55% are over 50.

People who stay are waiting to get over the pension rule. Anyone who has joined the company and has less than more than 10 years is staying for severance. Anyone with less than that should jump ship

@ef Loving it!! Seldom is a worker over the age of 50 identified as the weakest contributor on a team come surplus time unless they have an offensive sense of entitlement.

@ef "gonna have to agree with @b5"

You can agree with whomever you want but that does not make them right or you any smarter. I am in a position to see the numbers at a micro level. The exodus of one group of people is being offset by some back fills and other categories of folks not leaving until they have had enough or are given money to leave.

@c0 gonna have to agree with @b5. Total headcount shows only a minimal fluctuation each month, so there is no voluntary mass exodus. Many people retire each month, yet headcount remains near the same. As for your view on employees over the age of 50 choosing to remain at AT&T, consider decent pay and benefits. Most of us are far removed from the surplus criteria, and don't lose sleep over RTO. We don't approve of much of what we see leadership doing, but we also know that whining doesn't change anything in a good way. Prove your worth and then go home to the family at the end of the day. Come back and do it again tomorrow.

Look up the concept of Elite Overproduction.
There is no upward mobility.

Look up HR department racist policy.
They don’t hire based on merit.

Look up H1B numbers.
They don’t hire them for their merit.

It’s a co-ktail of corrupt incentives.
The nation state is doomed.

@OP I will be one then in another year or 2

Sorry to tell you this but you are wrong. Currently, there are approx. 55% over the age 50 not 70%. If you are talking about L4 and above you would be correct.

@a9 This is me, exactly. (Decided not to go in 2022, have a bunch more years to stay before 65. Would definitely leave now or sooner if the retiree benefits promised to me FOR OVER THIRTY YEARS were not taken away a mere 4 years ago)
Yes, I should have left then, but I was nowhere near ready to retire. Had no motivation to job hunt, tbh

@b5 "People are not leaving in droves"

You're right . . . only the people that Stank is trying to keep are leaving in droves. They have never had to work 5x8 in the office and they don't want to start now. LDPs come here and leave. The 50+ are staying because they don't want to start over with benefits.

I disagree. Maybe 70% of L3 & up are over the age of 50. But the majority of the office is 25 years old.
Recent graduates, H-1bs, sure there's a few long beards, but they're far outnumbered by the less expensive 25-year-olds.
Changing of the guard.
Retire when you hit 75, if they let you.

People are not leaving in droves, and the company had to conduct a surplus action this week to reduce headcount. Maybe you heard about it?

@af you missed the point. The pension is the reason most folks stick around for as long as they do. The younger folks hired in the past 10 years don’t have one and most have already left the company. Yes my 401k and other investments are doing quite well and will provide me an early retirement. When I leave here, I won’t be working for someone else. I’d like to get a few more years at most as I’m under 50.

Welp… the stock is still sinking to new lows - obviously can’t BS wall street

I am below 40s, and i wish they'd just let me go. I only have about 10yrs here and it honestly gave me depression, anxiety and severe neck and shoulder pain. I am too tired to apply elsewhere, but I have been and the moment I get something id leave with no 2 weeks notice. They dont deserve it.

@a6 90% of the college grad TDPs who join this company leave within 3 years. It has a terrible reputation and quite literally nobody wants to work here.

The Board of Directors are one step away from assisted living! It’s and old company!!

@ag Your point is supported by the most recent WSJ ranking having AT&T behind VZ and TM, and in the 4th quartile of large companies, as being prepared for the future and having the personnel for the future.

@a6 "I disagree with this post. There are a lot of people coming out of college that would jump for a job at AT&T."

Unfortunately, the statistics seem disagree with your statement. Almost 100% of the LDP hires from 2025 have quit. So, we might be getting college hires but they are not the ones that AT&T identified as possibly the future leaders of the company.

@a8 "They stopped pensions 13 years ago"

My pension is not anywhere close to being my source of income for retirement. BS basically stopped pensions 25 years ago. My 401k and IRAs are the source of my retirement. The lump sum pension will basically cover 2 years of retirement and that is it, so you can imagine how little I would get monthly. My biggest concern is health care, but we know what Stank did to did to pre-65 retiree healthcare. Another broken contract.

@OP "40 years ago"

Try 70 years ago.

They are positioning the company to break it apart and sell. Open your eyes

They’re just not hiring union anymore. That’s why everyone is 50+ in those positions. Every new job is management now

I saw people let go because they didn't like the "we tried this before" attitude they had. And when they were gone, they replaced them with "yes men" who went along with the old failed ideas. And they again failed again but I guess they didn't have to hear the "I told you so" from the higher ups they got rid of. But us in the trenches just see how they are leading the train to more and more wrecks.

This isn’t a problem you will be around to deal with. No need to worry.

“ They stopped pensions 13 years ago, anyone hired after that has no reason to stay.“

Not entirely correct. Many of the 50 something’s choose to hang on as Stank, in all his wisdom, stopped the pre-65 medical insurance subsidy for retirees. You know, in an effort to get more retirement eligible to retire in 2021.

Apparently not considering the thousands that weren’t ready or able to leave then, who thus would then be hanging around as long as they can until ultimately getting laid off or “maybe” making it to 65 …due to the exorbitant cost for medical insurance.

There’s a big reason why the workforce is 50+. Those are the people with pensions, so they are sticking around waiting for their package or surplus bonus to leave. They stopped pensions 13 years ago, anyone hired after that has no reason to stay. It’s all about the paycheck and who’s going to pay me more at that point. Most younger workers straight out of college stay 2-3 years and bounce out of here making more. Yes they have a huge problem and most teams haven’t hired anyone new from outside the business in a decade or more.

If not able to meet in office requirements for AT&T positions, move along. There are many who will gladly take the spots.

I disagree with this post. There are a lot of people coming out of college that would jump for a job at AT&T.

Hope this is true and they relax the policies for everyone

I agree. I have more than 30 years with the company. And what I'm seeing is repeated mistakes. Decisions based on ideas that seem 'new' to those who haven't experienced what came before. But I'll go, "We've tried this several times, and it didn't work. So, I don't think it will work now." Doesn't matter. My opinions, expertise, or knowledge of the past doesn't mean anything to those 'in charge' who 'know better'. After all, it came from them. What could go wrong? So, I sit on the sidelines, watching the train wreck that I know will come and shake my head. If the folks who have 'seen it all' were respected and listened to, perhaps some decisions might be different.

The only people willing to work in these conditions are people desperate for a work visa. That is why the new HQ is being built next to the largest concentration of foreign guest workers in the country. Visa slavery is the new business model. Whoever takes over the networks when the company is dismantled is going to have their work cut out for them. When they hire us back we are going to charge a lot more.

Disagree. Thousands of young willing to work and in office and now.

Wrong !