Thread regarding AT&T layoffs

Source for 75k? Repeating it over and over doesn’t make it so.

75k is an absolute target communicated to investors in the summer of 2021. You can continue to debate this, but the facts are the facts. Look to the left and look to the right , 2 out of 3 will be gone by 2025.

What is this debt you are talking about? Were can I find out more about this?

Growing mobile and fiber subscribers. Paying workers and the dividend. Go AT&T.

That is what I thought, the 75k is speculation. T has not been bashful about making claims about workforce size in the recent past. T likes to have the upper hand so if 75k was real they would probably say it to put people on edge to get them proactively looking for a new job. The reality is the are hiring and firing at the same time. They have shed more jobs than you will ever know because of the rate they hire. It was clearly stated in a town hall T hires 40k-50k people per year.

“Debt? Didn't we get pay off the debt when we sold DirecTV and Warner?”

We bought DTV for $50B, still own 70%. It’s now worth less than $10B, we lost the NFL Sunday Ticket. Still owe $40B in debt.

We bought Warner for $90B, reverse merger with Discovery netted us $45B. Still owe $45B.

Leaders blame failures on Execution. The executives blame failures on frontlines. Frontlines just take it in stride or go work somewhere else.

We should outsource our leadership. Sign a contract that says, leaders get paid when workers get paid.

Enough cash flow to pay the dividend. Go AT&T!

75k is speculation like every other number unless one shows proof, there is proof of Stankey say 15k reduction but not any final employee number. They have said in past town halls that they are having targeted layoffs then do a reevaluation before moving forward. .

Oh no, I just heard the word "debt" and wet my pants

If in fact the company has yet to remove you by some great mistake, be assured AT&T will soon promote you CUSTOMER soon enough.

I have seen it stated multiple times on this site about 75k employees being the goal. Where is that coming from? I don’t recall reading it in the press or mentioned in a town hall.

Remember folks, the target headcount by 2025 is 75k badged employees worldwide, roughly half of what we have left now. Many will decry “ How can they do that, who will do the work….impossible!” Those 70k employees need to exit the business will be met through surplus, business unit sales, rebadged contractor work and retirement. I won’t say I told you so 12 months from now.

Debt? Didn't we get pay off the debt when we sold DirecTV and Warner?

Oh no, I just heard the word "debt" andd wet my pants.

If anyone thinks the announcement by the CEO of a 15k headcount reduction for the year is BAU, is fooling themselves or a company troll. Just a few short years ago there was over 300k employees, now down to approximately 143k employees, it’s not normal even in big corporations.

You must be in the Staff Power Point Business Unit or the C-Suite Support Staff, all others are reducing headcount.

The business unit I'm in is still growing and still hiring. Where head count is reduced in some areas of the business , it increases in other areas which is normal in very large companies since the industry is always evolving.

@wfp+1pyJ0SEH

That is always the case, even in bankruptcy. The elite are special and will get paid, it’s why they have contracts. WorldComm and Enron are prime examples of that. Funny how they don’t want lower rank in file to have the same privilege, it’s why the love, right to work and no individual or bargained contracts. It gives them power to have outsized salaries, perks, golden parachutes and security. The same can be said of your congressional representatives, they voted the ACA in for the electorate while keeping their own cadillac healthcare plan, they are special too. Bless their Hearts!

To the OP, are you available to serve as CEO? Our current one is focused on where people sit, how many days a week they appear in office and spending billions on severances for the technical experts who built the 5G and Fiber networks.

The older copper facilities and equipment is rapidly being decommissioned. Most services are being transferred to fiber, still a long way to go and still under old regulations. I remember in the 70’s, 80’s and 90’s a lot of the older systems and services were being decommissioned then. Iron wire, pressurized lead cables, mechanical CO switches, long lines, paper and pulp cables, party lines, operators, rotary phone sets, pay phones, coin collectors, dial-up modems, etc.. The new stuff was PIC cable, 4&5 ESS, DMS switches, DSL internet, pagers, touch tone phones, analog bag cell phones without data, microwaves, etc.. Now history is repeating with 5G digital cell phones with data, fiber and newer switches, satellites, etc.. are replacing the older technology. It’s the cycle of working in technology.

So what you're saying is the execs are going to give themselves big raises and bonus'?

At the moment there is enough cash flow to service debt, dividends and run the business. There will be continuing layoffs until it becomes unmanageable to run the business. Future growth will be slow and steady, history shows that. Stephenson and Stankey changed the dynamic and put the business on the brink of insolvency with their media/hollywood push. Their failed attempts put AT&T in reverse for over a decade and lost their Blue Chip status. The recent return and focus back on the core business will take years to catch back up, big spend on the facilities/equipment capex.

It’s expensive to deploy and maintain satellites needed for a large network. It will also be expensive to lease or enter a contract to resell services. Elon is finding out just how expensive the successful deployment and maintaining of satellites has become. It’s why few countries have or deploy multiple satellites.