I don't think any of the numbers currently available on various pages take into account all the layoffs (voluntary or involuntary) and rebadging that happened this year. Do we have any idea just how bad this year really was and how that affected the total number of employees?
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Employees: 250000
Dedicated employees: 3
@fgt
Unfortunately, I don't see contractors in their 10-Qs. So, while we see a 17K reduction in the figures, we don't see how the headcount of contractors, like IBM changes. I don't think there is a net reduction of 17K.
10000 here 10000 there shhh we don’t talk numbers
Lots of ways to cut 4% labor cost. If 1% of the higher paying positions with a pension leave the company and you replace them with young college grads making half as much with no pension and no 401k match or vacation for first six months... you just saved well above your 4% goal
I know quite a few people taking the MVO in my area so it’s possible that number will increase well above 20K when numbers come out 1st qtr 2020
On that 17K number keep in mind AT&T has also hired in other departments so it’s likely the company lost between 20-30K employees via surplus, voluntarily leaving and retirement while hiring employees into less paying positions with no pension. The overall headcount will obviously go down however there might also be more of a transition to cheaper labor
The only reliable number comes from the quarterly report filed with the SEC. Last reported number was 251,840. End of 2018 Was 268,220. So about 17K reduction first 3 qtrs of 2019.
They said 4% reduction in labor cost not 4% reduction in workforce. So depends on the cost of the labor on how many will be let go. It doesn't take as many of the higher paid old timers as it does newby's.
They plan on laying off another 4% sometime soon according to the Dallas Business newspaper. Think that’s about 10,800. They said in the article labor costs - employees, contractors and benefits were their biggest concern which is why they added that new hatched man to the board. He is currently reviewing everything to see how many people the company can continue to fire for the next three years.
Too many. Either 4 or 6 percent depending what leader you want to believe. Me personally think they need to be below 100k. But who knows.