Looks like we're not the only ones who know that major layoffs are inevitable. Whether they're necessary is another matter, but they are inevitable. And if they're connected to hiring freezes, then those who are not laid off are just as screwed with the extra work that'll have to be picked up.
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You never see massive layoffs at T anymore, they’re much more discreet than that. Shifting / closing of office locations, technical support rebadge, mobility engineering outsourcing, COR store closings , agents, SPs etc. Every group has reduction quarterly “budget “ targets…translation, reductions. Employees are the most expensive resource, therefore always a target relief valve. The business as we know it is not sustainable for the amount of employees currently. Business services are a drain on revenue with awful margins ( especially on wireline) and even worse ignored breakage on sales, this division is simply a temporary stop gap to ever mounting competitive losses. Consumer wireless performs well, but better margins are had in AR, which inevitably will be the channel of choice once T can leverage mobility contracts with the union. Want to see well run businesses? Look at T’s largest competitors and associated share price and even more positive feedback from the financial markets, there is something terribly wrong here. As we’ve heard before, T will be an embarrassing business case study for future students. So…..no massive layoffs, but continued erosion of good jobs, professional growth and long term futures for good loyal people.
they people that are left are glad the other folks got laid off because they view them as d-mb and useless eaters that have no business being employed by att. plus they are not related so they have to go
There is enough attrition that there will be little layoffs. We know that they want to turn down copper plant, and reduce their real estate footprint. Maybe some people will be outsourced. And automation will continue.
Some of this stuff I read here sounds foolish. "Massive layoffs"? They make it sound like AT&T has people sitting around in make-work jobs, counting paper clips that can be terminated on a whim. I don't think so. 2022 will be another 2021.
"Don't need workers if there isn't enough work."
This is a true statement, however, T is still hiring technicians in out of region areas of the country even though there's no work! Very strange, but they're doing it!
Don't need workers if there isn't enough work.
Forgot to post the link:
https://seekingalpha.com/article/4497486-att-where-growth-lies