From the beginning of the year the layoffs were massive, I think no one can argue that but also i know that some hirings happened and I see a lot of job postings for positions at AT&T. How much did they manage to lower headcount and were any cost realistically saved by the cuts?
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Let me try to help a brotha out..
I wonder how many asset PROTECTION currently has, as far as numbers. How THEY harass people who want to do nothing BUT THEIR JOB is criminal.
That's my best interpretation anyway. I dunno..
Wonder how many asset management currently has as far as numbers. How that harass people who want to do nothing work is criminal.
To the person who wrote "I think the OP assumes a fact not in evidence. "Massive"? Hardly. As of Dec 31 2018, there was 268220 employees. As of March 31 2019, there was 262290, according the filings at the SEC."......I think you are probably including the Time Warner employees absorbed also as of March 31st.....You need to look at a different timeframe to get a real sense of the impact of the layoffs.....
I don't think there was any acquisitions between Jan 1 and Mar 31. I do know this much though. There is as many volunteers as people involuntarily laid off. There are retirement ready people who wouldn't mind grabbing a bit of pocket money on the way out. I know some personally (occupational) in my neck of the woods who did just that. And all left with big smiles on their faces.
The decline is in not hiring to staff the positions of those leaving. I do expect a bump in layoffs this June due to the required fiber construction completing. But then, we'll see if AT&T can get away with shutting down landline telephony in 2020 like they've been saying they want to.
Pretty sure that the timeframes mentioned don’t take into account the impact due to the ongoing acquisitions. That in itself muddies the water using that short of a interval especially for the older parts of the business. Say we had 200,000 people at the beginning of 18 and brought in 10,000 new people. The total number after cuts shows to be 195,000 at the end of the year. Did we just go down 5000 employees or did we in fact go down 15,000? From a company wide perspective it doesn’t seem that drastic but in fact it is actually 200% more than we see on face value if you look at ongoing longer trends. Not saying 6000 is not drastic for those affected but not sure we are seeing the total picture.
I think the OP assumes a fact not in evidence. "Massive"? Hardly. As of Dec 31 2018, there was 268220 employees. As of March 31 2019, there was 262290, according the filings at the SEC.
Many departures were resignations, retirements, and firings. There was buyouts and layoffs, but hardly "massive" considering the workforce size of a quarter million.
But, we know landline telephone is a business that they want to exit. Also, we know that pursuant to the Direct TV acquisition, AT&T was required to perform a fiber deployment that ends in July. So, between construction winding down, and landline telephone in decline anyhow, that's the area of the company where the layoffs are going to come from.
At a very basic level...lots of hiring at lower wages + lots of shedding the more expensive employees = net $$ gain for T. No one in this forum will ever have the detail, though I agree it would be real interesting to delve into the financials of what has transpired over the last couple years.
How many people were hired on to fill any position that was “eliminated”???
Headcount to be useful should be full time AT&T employees, contractors etc should not be part of the count if you are trying to understand what T is doing to the traditional work force.