My educated guess is AT&T will hit this number by mid 2025. Partly through attrition but mostly through direct layoffs or relocation ask. Guess or Thoughts?
15 replies (most recent on top)
“Don’t know about anyone else but I’m relocating, I trust our leadership will keep me employed for my skills and loyalty, I feel valued”
Everyone else doesn’t feel the way you do, so you will be in high demand. You might be the next CEO
Don’t know about anyone else but I’m relocating, I trust our leadership will keep me employed for my skills and loyalty, I feel valued.
If you removed the “contractor” head count and DTV, we are already at 100k for badged employees.
The target is 75k.
“Why are you still holding T and not some dividend focused ETF?
This sounds like a bad investment management problem more than anything.”
My 401k here at T had > 30% YTD returns last year and > 20% YTD returns this year already.
Sell all T.
How long do you think a dividend focused portfolio that’s already taken huge hits the principal holding T will take to catch up with that?
Get with the times boomers.
T Stock == Garbo
“This is a good goal. AI will take the place of a lot of the Chief of staff jobs. The number of jobs that could easily be done by AI and drones is tremendous. Cut down on the overhead and increase the profit for all of us that rely on the dividend for our retirements.”
Why are you still holding T and not some dividend focused ETF?
This sounds like a bad investment management problem more than anything.
“ Why T does not offer MVO for people like me?”
Cost/benefit analysis. They’ve already stated there will be no offers ever. Best you can get is severance. However, if you are too valuable to production you’ll never be on the layoff list. So the reasons are maybe you cannot be replaced, they aren’t backfilling anyone. Costs too much, they can just wait you out. There’s always the rebadge, relocation options or maybe you’ll just drop dead. They can’t exactly attract the newer/younger workers since they don’t pay enough. Why cut you and pay more?
Idk about everyone else, but it seems with more and more cuts and departures, we’ve been plugging holes with fingers and toes that we ran out of fingers and toes. Things are beginning to come off the rails (see recent outages and other issues). We just can’t keep up with the constant demands and absurd hours we have to work. More very key people are planning retirements by years end, which will only exacerbate things. Meanwhile the non-pension employees have been the ones vacating and more planning to leave. Seems like the majority of folks left are the ones on the old pension plans just waiting on a package. They definitely aren’t doing any hiring. The younger/new workers just won’t stick around. See they don’t have the golden handcuffs and won’t stay through the low pay and/or bs. I can take my 401k and walk. I’ll be telling my boss in the next couple weeks that I’m planning on leaving. He is going to sh-t a brick, as will a lot of folks. Well boss, maybe you should have done more to compensate me. Im tired of the no work/life balance. I’m here for the money, I don’t have a pension. And we sure as heck don’t have any career advancement or way for me to earn more. No connection awards, they won’t give any as the VP blocks the heck out of those. After 11 years it’s time to move on.
I’m in the hub and reached modified rule 75. I’m also pension eligible. I want to retire but want to get severance. I will take my pension and invest it so I can get some passive income. I believe, with the market now I can replace my salary. Why T does not offer MVO for people like me?
Get a load of this guy:
“AI will take the place of a lot of the Chief of staff jobs.”
Apparently they don’t understand that the Chief of Staffs job is to manufacture busy work to substantiate the need for their AVP, VP or SVP. Each title requires a span of control like 20, 400, 1000. Automation already eliminated most of the real “work” back in the 2000s. Chief of Staffs ensure that “project managers” are busy in every organization needlessly changing things and migrating software to substantiate their bosses span of control.
AI will determine that none of the work is needed and fire every human.
You’re welcome.
This is a good goal. AI will take the place of a lot of the Chief of staff jobs. The number of jobs that could easily be done by AI and drones is tremendous. Cut down on the overhead and increase the profit for all of us that rely on the dividend for our retirements.
Quit being a rube! You act like when at&t reaches a majic number, say 75K, all layoffs will stop. Never gonna happen, the debt of $125B will ensure a continuous decline in the number of employees ongoing. You are delusional to believe any differently.
“I’d like to get credit for all my efforts.”
You are being recognized as a top performer! You should list contributions to the layoff.com board as one of your annual accomplishments during the review process.
Does T actually lay-off union personnel anymore?
#75000bound2025
I’m looking at the Finance HC forecast for 2025, it shows monthly average employee headcount by business unit and management level (including bargained) and while it does decline monthly, it’s still over 125,000 for all of 2025. There is movement out of IT and NetOps into Supply Chain but Supply Chain also includes legacy POTS business in footprint. I’ll download a HR Nexus report. How soon do you need this? Can you open a ServiceNow ticket? I’d like to get credit for all my efforts.