Thread regarding AT&T layoffs

What units do they consider to be weaker?

I really think this article is a load off bull, but a specific style of AT&T executive language can be read between the lines, so either they ordered it (I mean the Reuters news that this article refers to) or it was written based on the AT&T’s executive statements. On top of that it’s very unclear. Which ones are the weaker business units? Maybe they mean the ones that drive the most little revenue. But even those units are crucial to the company as a system, given that they provide support for the more profitable parts. In the end, I want to point out that I haven’t seen any major hirings.

https://www.channelnewsasia.com/news/business/at-t-to-cut-jobs-in-weaker-business-units-11178042

by
| 1233 views | | 3 replies (last January 30, 2019) | Reply
Post ID: @OP+XmhcSop

3 replies (most recent on top)

The 'weaker' units are the ones that pay American wages and benefits. Randy's objective is to eventually layoff all American workers and replace them with contractors, overseas support, automation, and customer self service.

by
| | Reply
Post ID: @1xmy+XmhcSop

In the Communications segment the weak group would be the Entertainment Group defined as Entertainment Group provides video, including over-the-top (OTT) services, broadband and voice communications services primarily to residential customers. This segment also sells advertising on DIRECTV and U-verse distribution platforms.

That doesn't include wireless. The other two groups is Mobility and Business Wireline and they're in better shape than Entertainment Group.

And then they have the Warner Media segment, consisting of Turner, Warner Brothers and HBO. That one looks OK.

And then they have Latin America segment consisting of Vrio and Mexico (Mexican wireless). I haven't paid attention to them because they're just not big enough.

The contribution to income from Entertainment Group is trailing way behind the other groups in the Communications segment, considering the revenues received. (Retail Consumer Switched Access Lines is down 17% year over year.)

This data is filed with the Securities and Exchange commission on a 10-Q or 10K.

https://www.sec.gov/edgar/searchedgar/companysearch.html Symbol "T"

There should be a new 10-Q out shortly.

by
| | Reply
Post ID: @yku+XmhcSop

It's PR speak. There were cuts in every part of the business, but more cuts to those not directly related to network build-out and 5G technologies.

by
| | Reply
Post ID: @ymw+XmhcSop

Post a reply

: