Though AT&T is earning record profits, spending billions on stock buybacks and is expecting an estimated windfall of $20bn in savings from Donald Trump’s tax reforms, it has continued to lay off workers and outsource jobs.
https://www.theguardian.com/us-news/2018/aug/28/att-earns-record-profits-layoffs-outsourcing-continue
@VgTviV3-oho "What part has been debunked?"
The article says "In a December 2017 news release advocating in favor of Trump’s tax cuts, AT&T promised bonuses of $1,000 to 200,000 employees over the next year. The news release omitted that unions had already previously negotiated those bonuses with AT&T before the tax cut bill was passed."
That's hogwash, which incidentally, I first saw in the Daily Beast.
https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html
"AT&T told CNBC the bonuses announced on Wednesday are above and beyond any existing agreements, which means some workers would get two $1,000 allocations: One with a new contract, and one when the tax reform bill is signed."
It was an additional bonus, not the same bonus previously negotiated with the union.
And another thing not made clear is, the 16,000 fewer jobs were not accomplished mainly by layoffs. The majority of the reduction was simply not backfilling attrition, whether it was resignations or retirements. A minority of those job reductions were accomplished by layoff. And the layoffs usually happen to consolidate real estate. AT&T has a lot of half filled offices.
Beavis and Butthead Farting and Laughing , while buying loser stock, LMAO
I don't care what kind of profits they get, will never own a share of the stock...due to lack of trust. Seen too many lies over the years.
no dufus, I have a solid plan b that will make me six figures. I won't be down on ATT, in fact I hope they do VERY well.
Ride the speculation to the unemployment office, LOL
the record profits.
True, already discussed, I did not know that or that the list police had a rule against it.
What part has been debunked?
AT&T is earning record profits?
Spending billions on stock buy backs?
Expecting an estimated windfall of $20bn in savings from Donald Trump’s tax reforms?
Has continued to lay off workers and outsource jobs?
RIGGED STOCK, Buy stock for questionable dividend, OTHER BUYS OUTTHERE!!
old news already discussed and in part debunked. keep up with the activities on this blog or stop regurgitating old news. all companies go through changes or die. know anyone still working for Blockbuster? companies have to change or die. does it hurt some people? of course it does, does it s---? you bet. I recommend everyone have a plan B. I do. maybe I will be laid off, maybe I won't. will it hurt? yes, but I have a plan b.
Well duh ? Randalls only concern is the stock holders and their dividends. No one at AT&T matters except for the stock holders , and Randalls little circle of sycophants ! Be Safe !