Because 15 billion debt matures in a year and with investors leaning away, the corporate conglomerate needs every penny they can get.
6 replies (most recent on top)
There is more than enough FCF to cover debt. The company has botched strategy and investments and need to improve profit for investors to get stock price up. The CEO lacks vision and ability to move us forward, we need a CFO who can talk to the market that they respect, we need someone with marketing experience to head up strategy and Donovan and Stankey were total failures at it. Stankey botched up DTV and has no experience in media to run TW, Donovan can't fix DTV and has run wireless down. Lori Lee's only accomplishment is being a woman and the 4th business advertising is well run but too small to have much impact on sales and profit. TOP MANAGEMENT IS THE ISSUE!
Never liked AT&T services... looks like the market figured it out and shutting it down.... I switched to Tmobile…its good service so far...
First of all, the “surplus” numbers are not the actual layoffs. I have friends that have been surpluses multiple times and get jobs at other organizations. Outside of that, this 2020 retraining thing sounds good, but in all seriousness, how is one to retrain a lazy, entitled middle managers who were on the short list because they were mediocre at their last job?
The company needs to figure out a better way to connect with former employees because there is going to be a huge market for them to reach.
Not to mention the employees dropping all svcs forever
Because of the debt and because this is part of the company’s much talked about “2020” Vision.
I think though, ex AT&T employees are going to be just as angry and bitter as ex IBMers (and for very good reason!!). And they will be a hell of a lot more of us. We can create a real PR nightmare for the company...