ATT continues to reduce their workforce by 2020, which includes 40% of their employees will be laid-off. And most of their positions will be sent to off-shore. AT&T just had a major lay-off 7/31/15 and 5,000 employee nationwide were notified that their jobs were being eliminated. Not sure why or how the News media has missed reporting this information. It is rumored that they will continue heavy down-sizing …
3 replies (most recent on top)
Redirect your contempt for Obama, and lay some of it upon Former Chairman Ben Bernanke. He is the one most at fault for the dire economic straights we've been going through. Ye, Obama sucks. Ye, Obama has no experience in the private sector and has sucked off the government teet his entire working life. Ye, this is no resume for a good president.
But Bernanke did more damage to the economy. Ben “I wish I’d been omniscient and seen the crisis coming" Bernanke was the most influential person in the United States, with every word popping out of his mouth being taken in by the masses as if it were gospel. When Obama shouted "hope and change" in 2008, Bernanke equally loudly yelled back "The financial situation is perfectly okay guys, calm down."...right when we were at the very brink of collapse.
While Obama promised to lower unemployment below 5% within a year's time frame (6 years later....where are we?), Bernanke handed out over a trillion to the banks (so they could blow up again in the near future.) In the words of the esteemed academic himself, "Unemployment would be much, much higher. It might be something like it was in the Depression. Twenty-five percent.” Rest assured, if Bernanke says such a bold statement, you know that it's true.
Oftentimes, we hear reference to the "GOP Clown Car", referring to current running candidates for the 2016 election. But we must ask ourselves, "If these guys are riding in the clown car, what were Ben and Barrack driving all this time?"
Last edited by Murikawins; Sep 22 2015 at 07:56 PM.
I was in surplus group in Apr 15 and was surprised they came around and surplus a group again in Jul, so it appears to be a continue quarter thang to rid of the workforce , I too and wondering why the news media is not announcing any of this.i hear of other major companies laying off but never hear about ATT cuts until I read this blog!
I was part of a surplus group in March. It is continual.