AT&T has long said that it's target workforce is under 100K. Verizon plans to eliminate 50K jobs through early retirement and cuts so AT&T will need to match that in order to stay competitive.
https://www.bloomberg.com/news/articles/2018-10-03/verizon-says-44-000-managers-qualify-for-company-buyout-offer
Over the next few years, AT&T has to shed another 150K jobs. It's going to be a fun ride!
Expect never ending troll posts with lots of exaggerations. The 20/20 plan was to get headcount to 200,000, and that was before the Direct TV and Time Warner acquisitions.
At the rate they're going, meeting the 200,000 target is in jeopardy, let alone reaching 100,000.
They file 10-Qs or 10-Ks with the SEC quarterly. The last "Total Employees" is 268,220.
https://www.sec.gov/Archives/edgar/data/732717/000073271719000005/ex99_1.htm
That's not a 10-Q, but the 10-Q will be out shortly. There is another quarterly report due out at the end of April. We'll see how much they're on track to reach 200,000, let alone 100,000.
I expect a gyration if, and only if they're able to jettison landline telephony. But it won't get them anywhere close to 100,000. But, and not confined to AT&T, automation will drive head counts lower in the 2020s.
Dumb post with dumb reference to Verizon from last year.
Second verizon knows who they are as a company and tries do that well.
Well except for that whole Oath thing where they bought AOL, Yahoo and some other flailing media companies to try to become a media/advertiser and had to write half of that down last year. Sounds somehow familiar. Of course they spent a lot less on those failures.
Can we please require IQ tests before allowing people to post on this board!
seems about right. att has lost its way, farmed out eng, all of ato based on budgets are over resourced. 280k employees before the 2020 thing..so expect to at least shed 150k employees by 2020ish
The only way they're going to become and remain competitive through staffing cuts is if they start at the top. ATT's problems were not caused by the people at the bottom doing the actual work. You can cut them until they're all gone and things won't get any better. In fact they'll get worse.
"Verizon plans to eliminate 50K jobs through early retirement and cuts so AT&T will need to match that in order to stay competitive."
To stay competitive in the industry or in the layoff game? It would be good to remember that cutting past a certain point makes a company much weaker not stronger. AT&T doesn't know how to use the people it has so many very talented people are unable to produce. Free them to produce by cleaning up the hierarchy. If you work here you know how poorly organized AT&T is. Cutting the people who actually do the work and leaving intact the bloated management structure with multiple layers of CEOs, Presidents, SVPs, VPs, AVPs and directors over area managers and individual contributors who actually do the work will only make things much worse.
Okay Stephenson show us and Wall Street you are serious by cutting the bloat next time you cut. You can do without so many Presidents, CEOs (!!) and SVPs. What do they actually contribute to the bottom line?We all know how much of a burden they are in terms of salary and bonus. Get rid of many of them. Do investors know the ridiculous level of bloat in the executive structure? I bet not. That's where real cost savings lie.
First of all verizon has about half the employees of att. they have around 160,000 employees and they are going to cut 44,000. so about a 1/4 of employees.
Second verizon knows who they are as a company and tries do that well.
att has lost their way and sad to say there are going to have to be some bleeding.
I personally think they are going to have cut a lot more than 33% when it is all over.
You did not read that Verizon article correctly. They offered a buyout to 44,000 managers. They accepted 10,000 of them. Roughly 6% of the total employee base.