Cost-cutting , more precisely layoffs look to me like the only visible way they’re dealing with the company debt at the moment. That being said, one has to wonder what’s gonna happen when they reach a point where they can’t lay off more people? It that the time when we could see the beginning of the fall for AT&T?
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@1ftx what's not serious about it?
The same way they always deal with debt. This is one cash cow generating company. They have the best of both worlds. Lots of customers who pay them money EVERY month. They generate more cash than anyone.
Serious discussion about an important issue until ost ID: @ZgqXvua-1tjo posted that garbage.
That’s funny, AT&T reaching a point they can’t lay-off folks. That will never happen due to the scale of AT&T. Plenty of fat to trim in multiple business units struggling to make money. Long road ahead folks.
Now we have field techs doing the work that CO techs used to do. What happens when Randy replaces them with contractors to save another buck? We've seen the absolute mess contractors have made of cross cut boxes. Imagine the damage they could do to a CO.
Thats the problem for randall's successor after he walks away with a ton of cash in the bank
There is no one in the COs anymore. Just one roving CO Tech covering 5 or 6 Offices. There is no future for even those guys because the field techs are now coming in and doing their own wiring on the MDF.
This is true. Funny thing is that the field techs that are trying to do the CO work charge an hour or more to an order that should take five minutes. We have outside techs camping out in the Central offices, complete with their bucket trucks sitting idle in the parking lot. This "frame share" program is just a way for I&R managers to try to keep headcount, it is not sustainable.
Those are freaking boring ideas. I was thinking more along the lines of hiring your mom to do dances for $25.
At first we can try to attract more clientele by selling 2 for 1 via Groupon. Then once she becomes a bit more popular we can charge $25.75 per dance and a $0.25 administrative fee (keeping ATT's tradition)
I wonder how long and how many dances it will take to pay $175B at $25 per dance?
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Ge-Spot
@wsv has hit upon part of the formula. In multiples states, T is closing down buildings it leases, or owns (thus selling off the buildings) freeing up short and long term capital in order to pay down debt.
At the same time, T brings in approximately $26b of profit each year, or Cash Flow. Sixty percent of free cash flow goes to dividends for investors, the rest goes to pay down debt. Large mutual funds have been buying T, in full knowledge that Direct TV Now is going to eventually pass into the great beyond....I have no doubt they may have a buyer lined up.
Dumping T employees is just another piece of the puzzle but doesn’t stand alone.
When they stopped offering Pensions in 2014 it was no coincidence they then came out with the March to 2020 one year later, the pieces of keep falling into place.
Is buying old TV technology and a media company when you are a phone/ISP and having no idea how to make money from them, if even possible, and taking on the worlds most debt also business 101?
I can only speak to the larger city I work in. T has closed down 2 fairly large facilities recently and has a third one that will close in 2021.
There is no one in the COs anymore. Just one roving CO Tech covering 5 or 6 Offices. There is no future for even those guys because the field techs are now coming in and doing their own wiring on the MDF.
ABFS Business is doing well at the moment. Leadership has really awoken in this division either to fight back their competitors or have been instructed the company needs Cash...lots of it and fast. You aren't going to get that in Residential, so Business is the only game in town at the moment. We are even adding people right now. Can you believe it? When the economy slows down and the work dries up.....well, we all know what comes next.
Our contract expires on August 4th of this Year. That is another big unknown.
Next thing up is the Surplus List on 06/14/19.
It's just fun times at the crazy house these days. There is no turning back. It's too late for that.
We support those on a position to generate revenue. They are saving jobs.
It’s not just about cutting labor to reduce debt. It’s about selling facilities and aligning our resources to revenue. More revenue, more resources to support, less business, less resources needed. Business 101.