Thread regarding AT&T layoffs

Get real. Investors don’t care about morale as long as the dividend is maintained. I doubt if many customers are calling in to disconnect their services because they have heard about the morale issues. How many folks on here make their buying decisions based on possible morale issues of a company? When I go to Amazon and get a description of a item I have yet to see company morale included.

"There is nothing you can do about it."

Actually there is a lot you can do. You can get the truth out. AT&T is all about brand and reputation. Those of us on the inside know it is all smoke and mirrors. The top executives lie to employees, customers, and the public at large. Their 5G lie was challenged by other providers but who knows how bad morale has become but us? And make no mistake top "leadership" losing the confidence and respect of employees is not good. Why do you think Donovan had Marachel ask the scripted questions she asked? They felt they needed to address the slide. Just wake up to the rigged economy and to executive lies and spread the word. To brand obsessed marketing companies like AT&T that is more powerful than you realize.

July 2017

So what caused this sell-off, and are further share-price declines in store? Let's examine each question.

What caused Frontier's stock-price implosion?

Over the past several years, Frontier has doubled down on legacy telecom services, hoping that economies of scale by way of consolidation could help buoy its performance, even as wireless standards continue to grow in popularity.

@rwa- "They've been pretty with the buyouts so far". What does that mean? What's a "buyout"? Not aware of any "buyouts" going on. There are layoffs and standard severance payouts. I don't know what "buyout" means. Enlighten me.

Verizon got rid of Maine, New Hampshire and Vermont to Fairpoint. They didn't confine it to west of the Mississippi. And Frontier picked up a lot of stuff.

https://abcnews.go.com/Business/story?id=7574975&page=1

Both Frontier and Fairpoint are looking like financially shaky businesses. Why? Because they're dealing with old technology in rural America. Windstream is another one, just filed for bankruptcy.

If they get low frequency 5G going in rural areas, such as 800mhz, all these landline salvage companies are going to have big problems.

Verizon—still don’t understand why they didn’t jettison all of their local landline business. Got rid of everything West of the Mississippi but kept the rest.

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Everyone gets the declining bla bla bla...point is when we see terrible decisions like 1. buying and overpaying for companies that are losing subscribers and will lose more after we implement death star practices.plus tmobile debacle

1. rs making 80grand a day

2. verizon stock is over 50 and we are 30?

3. all that and going into huge debt.

4. People cannot get past that and it drives them crazy

So none of that is happening and guess what? we are not blowing up this board like this...they can then say well we have tried everything and this is last resort ! then people can understand !

There is nothing you can do about it.

Badges, Belts, Nano Degrees, working for free, kissing butt or ratting out poor workers will not save anyone.

Nor will complaining here, elsewhere, picketing, surveys, collaborating, badge swipes, VPN usage.

Smile, wave, cash the checks, and keep the resume updated.

If they want you gone, you'll be gone.

When you realize that, the stress will dissipate.

This whole line of reasoning defies business sense. No one lays off anyone who can come to work, do their job, collect their pay and benefits, and it results in the company making money. That is business 101. (Of course, support staff need to be taken into account.)

Now, I see landline declines of 17% in their last quarterly report. I think that was year over year. That translates into lack of work. Automation is another area, particularly with network functions. But AT&T's competitors are automating. So, in areas where there is declining business, wireline telephone being the bullseye, and places where they're automating, there is going to be lack of work.

And lack of work translates into layoffs. They still have 260,000+ people. I hate to have to say it, but that mind boggling number looks like a whole lot of inefficiency to me.

They've been pretty with the buyouts so far. They don't have to do that.

Having seen first hand the number of techs that basically run out of work after lunch on a daily basis (unless there is some type of inclement weather) I definitely understand the cutting of positions from that aspect. Someone mentioned the amount of hours that techs are going to have to work after these cuts. With the pace of loss in some of the legacy services I would bet that won’t be necessary by the end of the year. 4 slots cut can be looked at conservatively as 400,000 saved. Would bet the remaining techs will not earn 400,000 in OT.

Selling your soul? Nazis? Are you doing something illegal for this company? What are you even talking about. With no profit there are no jobs ultimately. It's fair game to complain about mismanaging, but in general a company has to have growth in line with other companies or it won't be able to compete. If other companies are outsourcing, you're not going to be competitive if you don't do the same. Competition is increasing, and margins are shrinking, you can't continue with the same costs. It's fair to criticize overall strategy and implementation, but you're not going to overcome basic business mechanics associated with free trade and open markets. With a large company you are not going to be nimble and as stated there is probably a large bulk of people obfuscating their worth which is going to make decisions tough. But it's pretty pathetic to equate giving someone a layoff notice with sending them to the gas chamber. You don't live in Venezuela, just get another job.

A lot of Nazis said the same thing during their war crimes trials. Is a receiving a paycheck from this place until you too get surplussed worth selling your soul for?

I don't disagree. It's a sad state of affairs, and the bulk of the "useless middle" (primarily AVP through SVP) doesn't want to upset the apple cart. They have a pretty sweet gig with their executive compensation and outsized paychecks, and the company is way too middle-heavy. They therefore take the path of least resistance and play the "don't shoot the messenger" game. in all my years there, I never encountered a lower level executive who was willing to speak truth to power.