https://www.lightreading.com/ai-machine-learning/at-t-seems-on-a-mission-to-be-a-zero-employee-telco
11 replies (most recent on top)
If you really want to see decrease, go to NJ labor stats. NJ WARN act AT&T is required to register if it laysoff employees. NJ doesn't want to pay out big unemployment $$
Get rid of unneeded workers. Don't want to be paying for workers that are not doing work.
Oh boy, some comments here don’t make sense. Like “T changed the strategy for growth. They realized the acquisitions don’t work any more, so decided to show growth to Wall Street by laying off employees.” Umm…layoffs don’t create growth, it increases profitability assuming it doesn’t impact productive work. Another mentions headcount reduction but fails to consider the reductions are primarily, but not entirely, from DTV and Warner spin offs. Yes, AT&T staff is being reduced and targeted reductions are 30% for many orgs…
can they do that? LOL
T changed the strategy for growth. They realized the acquisitions don’t work any more, so decided to show growth to Wall Street by laying off employees. T thinks this strategy will impress stakeholders and generate more dough. There is a breaking point and law of diminishing results. Hopefully they calculated that in their strategy or they will shot themself in a foot.
When will the C-suite AI replacement software be released?
Zero employees but 300k contractors. The work is shifting, not going away.
It’s possible and happening. T has been bloated for decades.
Not possible, BUT the message sent to Wallstreet is that the target employee headcount by 2025 is 75k. That leaves 14 months to she’d essentially half of the existing headcount.
Ummm that’s the same as V & TMO (relative to EPS). Where have you been. 100-110k is the goal to remain competitive.
AT&T seems on a mission to be a zero-employee telco
More than 10,000 jobs have been cut over the first nine months of the year at AT&T as it apparently realizes you don't need people to run a network.
Job cuts are now such a routine affair at the increasingly slimline AT&T that nobody bothers to mention them. The US telco is like one of those compulsive dieters who went from morbidly obese to gym fit before they turned distressingly skeletal. Last decade it employed about 280,000 people, including those it hoovered up with its bonkers $85 billion takeover of Time Warner. By the end of last year, fewer than 163,000 remained. If AT&T carries on losing weight at the same annual rate of the last four years, it will dip below the 100,000 employees mark sometime in 2025.