Thread regarding AT&T layoffs

"PULL THE TRIGGER NOW!!!"

Ante up Stankey boy. You took away the medicare bridge so now you have to pay me a severance if you want me gone on your timeline. So put up of STFU! You created this culture and now you have to sink with it.

Folks…the clock is ticking and the healthiest years for most are behind you. Provided you have prioritized savings throughout your career, have little to no debt, maybe a paid off house or small mortgage with low interest rate, a pension and BrokerageLink account (most aren’t aware of this account), and hopefully in good/fair health, it may be time to get out so that you can enjoy the remainder of the time you have left. Many are ready to go without an offer. You can always work another year, but you can’t buy TIME!

PULL THE TRIGGER NOW!!!

@c7 It depends how you want to live. If you want to keep your same lifestyle or better in retirement and perhaps had to put kids through college etc. you would be working also....Come back in your 50's and let us all know how you feel then but then again, I am not sure T will be around...Everyone who is working after 62 is for many reasons and not always because they want to. I know a woman in my group who gives the majority of her salary to extended family and charity and feels good about being able to do that.

We already have a voluntary separation package. Go ahead and give your notice to get that process started.

“I filed a federal EEOC claim which is currently in investigation!”

Bless Your Heart.

It would depend what the offer is? Two years pay and I'd take it.

“ This is 100% accurate. So many people just didn’t take it. Way too many past retirement age still clocking in daily with full pensions and over 65”

Here’s the thing , the pre Medicare insurance subsidy is HDHP cr-p. That’s why many didn’t find it “enticing” enough to leave a couple years ago.

“I filed a federal EEOC claim which is currently in investigation! I saved all the evidence emails,etc and turned them over to Feds!”
Against an at will employer? No cjamce.

@by I filed a federal EEOC claim which is currently in investigation! I saved all the evidence emails,etc and turned them over to Feds!

@c4
"As far as "restoring the Medicare bridge", for some, the PPACA (Obamacare) could fill in the coverage gap with subsidized insurance. It doesn't look at assets, just income. Ira or 401k money counts if there is the need to generate income. Withdrawals can be finessed for optimized PPACA subsidy."

Excellent suggestion that might work for some. In my case, I've planned and saved well to stay in my high cost of living area when retired. My retirement income puts me out of subsidy range.

"Way too many past retirement age still clocking in daily with full pensions and over 65. I see so many people like that working here and I just can’t understand why."

Work is easy, debts are all paid and we invest $14K per month. That is working out very well for now. I'll leave when it doesn't.

"After a small discussion in my group, a subsidized healthcare plan would get us to volunteer to leave."

Shoulda, coulda, woulda.

@cd After a small discussion in my group, a subsidized healthcare plan would get us to volunteer to leave. Would save about a $750k after backfilling with x (fill in with asian contractor firm)

But even if they did restore the medical bridge, you wouldn’t find out until after you’ve put in your papers that it’s a cr-ppy AETNA or UHC plan. Maximum pain, always!

“ Widespread notice about the impact of that change was put out when it was implemented. Too many didn’t want to hear it. That bridge will remain collapsed.”

This is 100% accurate. So many people just didn’t take it. Way too many past retirement age still clocking in daily with full pensions and over 65. I see so many people like that working here and I just can’t understand why. Boomers just built different, idk. Gen X and Millinials can’t wait. Most will be retiring mid 50’s and I bet a lot of those that didn’t take the healthcare will still be here.

As far as "restoring the Medicare bridge", for some, the PPACA (Obamacare) could fill in the coverage gap with subsidized insurance. It doesn't look at assets, just income. Ira or 401k money counts if there is the need to generate income. Withdrawals can be finessed for optimized PPACA subsidy.

"Continue to use presence metrics to identify employees regularly completing 40 hours or less."
Damn, I hope the company lays me off using the presence report as their reason. I would love it. The ink on the lawsuit would not be dry before they escorted me out the door.

If they would reinstate retirement benefits they took away - mainly the health insurance - many people would leave. They are stuck between being eligible for pension but not medicare.

@b3
"Choices were made."

Look everyone! "Yet you stay" guy is here!

"There are a certain number of people who were just a bit too young to leave at the time, and a bit too old to change jobs."

Choices were made.

@an
"Widespread notice about the impact of that change was put out when it was implemented. Too many didn’t want to hear it. That bridge will remain collapsed."

Thank you, Captain Obvious! No one has ever said it was a secret. We didn't know wasn't any part of the reason to stay. There are a certain number of people who were just a bit too young to leave at the time, and a bit too old to change jobs.

At this point, there are a number of people who would gladly leave, but don't due to the insane cost of medical coverage. Temporarily restoring the bridge would be far less expensive than a true "offer", but I'll bet would entice a good number of 59 1/2 to 65 year olds to consider leaving.

@a4 Not true. They've offered multiple ESRO packages the last few years. There is one on the table right now for District 9 maintenance splicers and DEG techs. $25k bonus plus up to 53 weeks of pay.

“Simply temporarily restoring the Medicare bridge would entice a decent number to go.”
Widespread notice about the impact of that change was put out when it was implemented. Too many didn’t want to hear it. That bridge will remain collapsed.

No. Just start laying off the many freeloaders digging bare minimum effort. Continue to use presence metrics to identify employees regularly completing 40 hours or less.

If interest rates begin to decline, which they have started, then it may make sense to examine an attractive position to employees and pay lump sums at these higher rates vs inflated lump sums at lower rates in 1-2 years. This explains why they are starting to put more money into the pension because they foresee lower rates, more people leaving, and not having enough in the fund since they’ve been short-funding for several years.

I think it would be a good idea. Simply temporarily restoring the Medicare bridge would entice a decent number to go.

Will they do it? Of course not, as they're short sighted and clueless as leaders.

We’re 567 out of 600 ranked companies in terms of positive employee Culture.

NO

What “package” are you proposing?

They have stated repeatedly over the last 5 years or so that they will not be paying people to leave.

No packages. Only misery until you finally leave on your own.

567.

AT&T is busted a-s broke.

It’s the right time for us….not them.

Ask yourself if this is what a good company would do. If the answer is yes, then rest assured, AT&T will not be doing it. Only union employees stand a chance at this kind of treatment and only because it is in their contract.