Thread regarding AT&T layoffs

What happened?

Most companies have layoffs, and some bad leaders mixed it. It’s just the nature of corporations. I think most who sign up to work at a large corporation expect that going in.

But something is different here. It’s not just BAU corporate America. It’s toxic. It’s unhealthy.

But most company’s executives are bragging to the media that “no one’s safe.” That is just cruel. There’s no empathy for each other here.

There have always been layoffs, but it didn’t used to be like this. When / What do you all think went so wrong? Is the company salvageable at this point?

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| 1139 views | | 7 replies (last February 10, 2020) | Reply
Post ID: @OP+13pimGBy

7 replies (most recent on top)

It’s the ME mentality that is ruling the world. It just so shocking the comments that these two have said over the past few years.

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Post ID: @2fuv+13pimGBy

Ed Whitaker and the “We bought you” Acquisitions to profit culture as described in the comment below. You can’t buy something that is working well and then proceeded to destroy it in attempt to make it into who you are if you want to make money.

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Post ID: @2evw+13pimGBy

It started when SBC went on the buying spree fueled by debt. A lot of executives and big banks made a fortune on those acquisitions while the employees paid the price. The death blow came when SBC acquired Bell South and got full control over Cingular. The management failure that was the T-Mobile merger brought T-Mobile back from the brink thanks to the breakup assets and fees. Randall should have been fired and the board replaced but the shareholders didn't revolt. With little to no organic growth in the core businesses, DTV was acquired followed by Time-Warner to keep up the paper profit. Group think became more valuable than diversity of thought and those that didn't conform were shown the door no matter their talent level. The company generates too much cash to go under. But i can see series of spinoffs and/or break ups in the future as the declining products drag on future cash flows.

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Post ID: @aui+13pimGBy

What went wrong? 1) Randy, 2) all of the Johns, and 3) the complicit "nothing to see here" board of mis-directors that allowed multiple stupid decisions (chasing a T-Mobile buy, DTV, all of the Mexico buys, TW and the bag of expensive "entertainment" buys....all followed by too little investment in the actual communications network (T, why isn't there fiber everywhere by now?)) by 1 & 2, stacked upon the other. Now the payment is due, but only from customers and non-exec employees in the short term. Long term, when the money shuffling ends and there are no more "assets" to sell, the shareholders will suffer if the dividend starts to fall.

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Post ID: @hin+13pimGBy

define salvageable. I would say no

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Post ID: @wxd+13pimGBy

Thank you!

Sorry.. tried to add a comment to correct the typo, but the website thought I was spamming 🤣

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Post ID: @ujv+13pimGBy

are NOT bragging

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Post ID: @zld+13pimGBy

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