massive layoffs won't happen until the time warner deal is fully approved. expect next year to be a slaughter house as real budgets tell the story. no budget dollars = no work. sustainment mode, wireless and wireline are just a commodity. and, att management kills anything it comes in contact with. cant even launch a small PPV golf event without f'in it up...just ridiculous.
20 replies (most recent on top)
There isn’t a 75 rule of thumb anymore - getting benefits after you leave ATT is based on the year hired - hired before 1997. Call HR - they will break the news.
4 Me not doing anything, and if I screw up something accidentally , no one cares around here
I suggest everyone just coast along. Pull a check as long as possible. No longer care. No longer put forth a best effort. This is not a company where you get career opportunities so why bother. I am an old timer. I wish I had figured this out years ago.
operating budgets are pulled from oracle...this is a non issue. the issue is att financials are a wreck and they continue to spend less on projects, which in turn requires less headcount. year over year budgets are getting slashed 30-50% in ALL areas...get a clue. you sound like some admin...stating BS.
The statement below is pure BS. Some of the id--ts posting c-ap here are nothing but fear mongers.
"Again to the experts here: Approved operating budget are pulled from the oracle budgetary system, company wide, as previously reported people leaving are 'already marked' based on their associated risk number, that was assigned to each one of the employees.
so the question becomes: Do you know your associated risk #?"
Again to the experts here: Approved operating budget are pulled from the oracle budgetary system, company wide, as previously reported people leaving are 'already marked' based on their associated risk number, that was assigned to each one of the employees.
so the question becomes: Do you know your associated risk #?
There are no fixed reductions scheduled when it comes to headcount. Reductions will be based on the approved operating budgets and what it takes for groups to meet or get under those budgets. Capital spending will be reduced overall and capital spending on projects will be prioritized based on rate of return. Resources will be allocated based on what gets approved. This will also drive headcount.
@WnDRYYS - They have one year to reach their 2020 target. Even if they go with 4% every quarter, that's still over 16% from today's total workforce by the end of 2019
To the "This Time It Is Different Crowd", expect the normal 2-4% quarterly reduction. The company has used the same process for 5 years; quarterly reductions at the 2-4% level. Why would you expect anything different? Oh, that's right. This time it's different.
I didn't hear anything about a 15% reduction. In fact, on Tuesday I had a conversation with someone who would know something was on its way before most people would and I was told that aside from what is currently going on in ATO (which I'm not part of, so i don't know the details), even though 2019 results will not be pretty (esp TV), not to expect any big moves to reduce staff until after February at earliest, with 3Q most likely. In short, it's too early for most to be losing sleep.
"15% headcount reductions announced this week-company wide". This is a lie. Announced where? By whom? When?
@WnDRYYS-svs :?where was the 15% reduction announced ? Do you know when the last day for the 15% will be?
15% headcount reductions announced this week-company wide
The silver lining in all of the job losses that will occur in this company in 2019 is that it will spin off a demand in jobs in the government and academic sectors - primarily for paleontologists to examine all of the fossilized fecal matter left over by the AT&T dinosaurs.
jzt _,
Your severance is determined by years of service. I was laid off in the last round, with 28 years and 59 y.o., and I received 50% of annual pay. I was taxed at 40%. So you are good if you make it to the magic number of 75. If you come up 2 years short of 75 you can choose 1/2 of severance and they will then consider you at 75 for Benifits purpose.
In Tech Dev they’re already flip flopping on collaboration zones. Poor leadership & fear based management as usual. At this point, just collect a paycheck until you’re laid off. No job is worth this much stress.
Say Bye bye to John & say hello to Shankar from Dallas
I think with the increased office prescence, they may change the collab zones and force relos again next year as a back door way to lay more off.
Is it true that the closer you are to retirement the more likely you will be surplused? I will meet the 75 rule in May for full retirement eligibility. I recall, if you retire your severance is cut in half (at least).
Please do not comment negatively, I am just inquiring about the rule of thumb.
The upcoming year is going to be brutal.
Yes, there is definitely going to be an FMP in January. My manager said that our department will have a 15% hit (we already has 2 FMP's this year), some areas will have a 20% hit. Also Budget cuts are coming as well, 25% - 50%+ budget cuts.