Maybe I was too naive when I thought that 2023 would be much better here. Now that I've faced the harsh reality, I wonder what awaits us until the end of the year?? I am totally demoralized.
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I don’t suspect they will take away lump sum just yet. Remember, it’s a liability so if they can offload more of it via lump sum, that’s good on a balance sheet. Plus it’s less they’ll sell to a low-rated insurance company to manage annuity payouts.
And with Biden-flation interest rates being what they are for the foreseeable future, the lower lump sum will keep enough in the coffers to possibly not default.
There isn't much left they can take from mgmt to force folks to leave on their own.
The only thing I can think of would be the lump sum option and force them into an annuity. ( Who the he-l would risk that ? ) Assuming mgmt even has a lump sum option these days :|
What you can expect is that there will be some kind of other cut to benefits for those who qualify for retirement, and they’ll say if those folks are gone by the end of the year, they won’t lose said benefits. They have done that to managers three years in a row. That will help to ki-l off what they didn’t surplus through this other dumpster fire of an idea to cut jobs due to their mismanagement of OUR company’s resources.
If you want a good end to 2023 you really only have one choice: leave T.
I plan on being out of this company even before year end! The way things are going with the company in terms of not meeting its numbers every quarter, it's becoming more and more obvious that there's no reason to wait around if you can secure a good paying job elsewhere! Get out with my dignity still intact!
More self dealing by the good ole boys club. Not much change.
I realize inertia is difficult to overcome, but just stop and take a sober, objective look at what T is right now. Time to take your life into your own hands and do what you can to just leave.
Strangely, I'm kind of thankful that things are playing out the way they're playing out. I had this feeling, I'm sure as most of us do, that T is a dead end, for years. I wanted to change things, but it's hard to get out of the habit, a familiar job, a good enough pay check (although to be honest, in today's economy, it's barely good enough), and make a move... well they helped me, by making the choice for me. Last day tomorrow, baby! I'm actually feeling good about it.
**Why not also layoff VPs and above? That’s where the MAJOR salaries are…
And I mean layoff-not golden parachutes**
Well yeah, if the senior so-called leadership actually cared about the company, or even the shareholders, like they're hired to do, they would have resigned by now and let someone competent run the company. We all know they only care about one thing, and it's their own pocket.
If you want a good end to 2023 you really only have one choice: leave T.
Send out resumes, scour job sites, reconnect with friends and acquaintances, join various professional development groups, start your own business.
Whatever. Just get away from T. You know that even if you are spared this round of layoffs, you'll still be a target later. And even if you are 100% safe, you still have to deal with the lies, incompetence, arrogance, and rapid decline of a company with a culture so toxic and oppressive that going into the office each day feels like you're being punished.
I realize inertia is difficult to overcome, but just stop and take a sober, objective look at what T is right now. Time to take your life into your own hands and do what you can to just leave.
Trust me, it's so much nicer outside, and nobody deserves this level of headache and stress because the CEO is such a petulant jackhole.
Build something for yourself. Use this as a stepping stone to something better. Ideally something that you own. Don’t be controlled by others or let others decide your fate in life. That’s the lesson we should all be learning. I make way more on my side biz than working here, but this is easy money and gives me something to do, but now it’s getting annnoying to me so I plan to pull the plug soon. All about that F you money.
What to expect...do you remember that scene in Deliverance when Ned Beatty squeals like a pig?
Stankey has the stock price on the steep down trend and is continuing to drive it down further with his outdated strategies that fail over and over. One mor nail in the T coffin from this bozo
Layoffs will have to continue to compensate for AT&T financial challenges, slowing revenue growth and lacking FCF. This year is just the foundation work for to what's to come in 2024. Looking forward to 2025!
Appears there is more official company communication & marketing around DEI than business, RTO, loss of benefits and direction that the majority of employees are concerned about. Activism doesn’t pay the bills (examples..Target, Bud, CNN, etc..) or make for a better customer experience and results in layoffs or plant closures like the bottling plants for Bud.
as long as we continue to spend billions on woke training i figure we are at least at solid as Bud Light
My Senior Director at T told our whole group we were rented employees.
My debts are paid off and I have other options but that doesn’t take away from the fact of unethical and greedy public corporate America, it’s getting back to the days of the Robber Barons which resulted in the rise of Unions.
CEO pay used to be 25 to 40 times the lowest pay, now it’s astronomical along with the C-suite, these are public companies there should be some kind of ratio to rein in GREED and return to consequences for performance.
A record number of employees back in the office celebrating Thanksgiving and Christmas together.
pay off your debts and do not let att jobs control your life..
In a different time the CEO would have been fired a long time ago due to performance and the new CEO would have cleaned house. Pre-nineties there was accountability and most CEO’s thought of their employees during financial difficulties. C-suite and boards took pay cuts and deferred bonuses but look were we are today, Greed is rampant. Capitalism without some regulations can be as unethical and immoral as any other system.
Why not also layoff VPs and above? That’s where the MAJOR salaries are…
And I mean layoff-not golden parachutes
End of year is always a Merry Christmas to You Layoff. This time around is different because of financial issues, unfortunately don’t see it stopping anytime soon, it will be impactful to all but the highest levels.
2024 awaits
More of the same.
2024, more of the same.
2025, more of the same.
We have heard from or AVP that there will be one to two more layoffs this year (2023) and that this will not change/stop unless there is a change at the top. It’s amazing that the same people that have brought chaos to this company and have lost billions still gave a job and continue to get their fat salaries and bonuses, while many great employees continue to find themselves out of a job. AT&T is the worst and they absolutely don’t give a cr-p about anyone. We are all expendable.
AT&T sank. in the early morning hours of 15 April 2025.
The 2020 initiative repeats over and over..
A large number of current employees will no longer be on the payroll.