Let’s talk about the areas that will get destroyed.
My guesses:
IT
Engineering
National Business
26 replies (most recent on top)
Here's how you get that $1.5B; layoff any management that creates, maintains, or uses a daily, weekly or monthly scorecard. Performance metrics will only be gathered once per quarter just like financial reports. ATT will be able to lay off thousands of people with techs and reps free to do their job without the insane pressures created by these worthless daily/weekly/monthly scorecards. Trust me - if you eliminate these reports there will be tens of thousands of managers with nothing left to do.
Do y'all think IT will be totally out sourced? What SVP is over It?
Explain which jobs in National Business that can be offshored to India. Curious.
National business is fake news, rahshidinalaji can do your job in India so don’t worry they’re coming for you
They even said they were cutting IT on the video. Of course they are. I'm just not sure what they're going to do.
IT has already been decimated to the bare bone via outsourced or FMP'd not much more fat to cut there.
I was going to say, how did you include National Business in your doomsday plan OP? It’s one of the few organizations with sustained growth and positive margins in the last 5 years running and continues to comparatively outpace everything but wireless and fiber broadband.
I think they will finally cut from the top... this time they NEED TO. THEY got a good 5 layers of USELESS upper management collecting a check, that does nothing besides hold a title... that would DEFINITELY cover the 1.5 billion. To prove that this new mgt team is as smart or different as they claim, we will see how this goes in June (whether we want to or not)
@1cys- yes, and rebadging makes more economical sense for T, since they won’t pay out severance and they’ll still reap the rewards of the “knowledge transfer”. Count on T to take the low road to look good on the balance sheet short term.
I think where it makes sense, for example IT, you will see as much or more of people (and possibly the apps and services) being rebadged versus cut. I don’t see how they can cut the required amount of people to meet the 1.5B (this includes salary, benefits, 401k match and the like) by year end without impacting service.
On another note, the 1.5B is not new. I think it was initially mentioned last year. However, I do recall when it was mentioned previously there were one, maybe two other items included in that number, maybe operational efficiencies or some other nonsense jargon they toss around. The big change is now the 1.5B is strictly employee costs.
Recurring costs so 15K could be right.
As others mentioned , the axe will cut hard through any supporting parts of the organization. If your job doesn't directly bring in money and or isnt mandatory for some compliance reason.. it's at risk..
Here's the reality unemployment rate is at 14% and will go over 20% all corporations are going to shed folks, many will simply not have the work to support the staff, plus the government is giving unemployment support so now is the time.
Wow, I didn't know AT&T had so much fat to cut.
@1iqq You are spot on, the numbers will be greater than 15,000 to achieve 1.5B in 2020!!
Layoffs CO managers and techs. Clueless bunch. Subsequently rightsize wireline engineering.
@1mmw, "So if the average employee getting cut costs $100K then 15,000 need to get cut."
Probably more if they want to hit $1.5b in savings. We're halfway thru the year already. They would only realize half of the labor rate savings for everyone laid off in June. You only get 25% of the savings for everyone laid off by end of 3rd quarter.
11 Levels of Leadership in the Org. Dam.
I’m just glad Jeff put it all out on the table and was transparent.
IT will get sold and/or outsourced. the usual blah blah new boss same as the old boss.
- not SSIM, too many chairs need to be held down every day.
National business is not going anywhere probably will be least impacted from these cuts.
Retail, techs, it, and all the bull sh– support roles that don’t do sh– are cut. I’m looking at you SELs, TSCs, etc
So if the average employee getting cut costs $100K then 15,000 need to get cut.
These guys are nuts!
Prem techs are bracing for another round of big cuts
Explain how National business is going to be destroyed.
They just look at spreadsheets; anyone who does not directly generate revenue and charges to expense is a target.
For sure IT will be destroyed big time.