It has to do with getting rid of long time employees who are now more of a liability than an asset to the CEO’s pocket.
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TRUE, it's forced attrition and efforts to rid employeees specifically older people, people with 5wks of vacation, pensions, and to bring in younger, cheaper, and often contract employees w/out benefits. The coat savings to use contractors & outsourcing is huge. It wipes out morale and industry experience. If and when outsourcing/contract labor occurs thise exiting should have options to transition,
The average Senior Vice President makes about $5,000,000.00 excluding proceeds from their mic/wire SH-T account. Laying off ONE Senior VP could save 40 employees on the average that are actually doing the work anyway. The 10 year term, "collaboration" is often associated with other things not related to office work.
If it wasn't for 271 relief and proving local markets were open we would not have AT&T. These "long term" employees are NOT a liability. The hard work in every state to gain 271 relief was not an easy task and it was the most heavily regulated segment of the business. Stanley has not a clue! Just as CEO Stephenson was offerred a package upon retirement so should everyone else. This mob "hoodlum" west coast mentaility of forced retirements, wrongful termination, forced attrition , and stealing severance packages will catch catch up to AT&T.
Wow. What an original thought. It’s not like I’ve seen this same post 85 times already.
You do realize that the same people who slack off remote are the same people who slack off in office, right?
It just costs more to have someone slack off in the office, for both the company and the employee.
I disagree by half. It’s become obvious that many - not all - employees are simply not 100% in the game while remote. I do think this is about making the Company more productive. But yeah, encouraging lazy employees for whom simply getting dressed and actually interacting with people to quit is a side benefit.
“New RTO schedule M-W-F will be millennial’s and genz. Tues & Thur will be boomers and genx. This will allow real work to commence 3 days a week with the future of the company. Please live start living this new schedule immediately!”
I often think about the people that post cr-p like this believing they are super clever and/or funny.
Like I think, if I walked past you in the office, would I notice you? Does your face look as stupid as the above post sounds?
Wow, great insight Captain Obvious.
Did you come up with these conclusions all on your own?
New RTO schedule M-W-F will be millennial’s and genz. Tues & Thur will be boomers and genx. This will allow real work to commence 3 days a week with the future of the company. Please live start living this new schedule immediately!
T is sropping the dead weight!
Stop making excuses. Time to get back into the office and actually work. Instead of personal business on company time.
Once upon a time, there was a company that was very successful. It had a great product and was making a lot of money. The CEO and executives were very happy with the company's success and decided to invest in some frivolous business ventures. They thought that these ventures would make them even more money.
The CEO and executives invested heavily in these ventures without doing proper research or due diligence. They didn't consider the risks involved or the potential consequences of their actions. They were blinded by their own success and thought that they could do no wrong.
As a result of their poor decisions, the company started losing money. The CEO and executives tried to turn things around by cutting costs and laying off employees, but it was too late. The company had lost too much money and was forced to declare bankruptcy.
The downfall of this once-great company serves as a cautionary tale for other businesses. It's important for CEOs and executives to stay focused on their core business and not get distracted by frivolous ventures. They should always do their due diligence before investing in anything new and consider the potential risks involved.
Also Darth Vader is Luke Skywalker’s dad.
Wow what a novel concept no one has thought about or posted news articles on 🤯