I’ve only been at T for a couple of years. Is there some reason Stankey is driving the company into the ground? I don’t understand why you would get rid of everyone for 5RTO. They aren’t going to be able hire anyone talented because they’ll all go to jobs that allow you to work remote. I never seen an employee population hate a C-suite this much in my life, does the stock market just not know this yet? It just blows my mind this guy is the leader of a company this large, how does this result in anything other than the stock plummeting?
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T is not doing a nose dive - Stankey's raises and stock options every year prove it.
"He is running a business. Join an ERG if you need hugs or hand holding."
Nice Post Mr. Stinkey
It would please Hatchet Chad beyond belief if he could send all managed services support to Wipro. The challenge is the US only based support contracts and the contracts which allow the customer to refuse the change in support. That said, they already outsourced a US only MRS router which is at MRS router at the White House to India. We told the execs and they outsourced it anyway… how long until the house of cards folds?
I suspect that talks are underway with WiPro as we speak, an India based company that operates in the USA and has deep pockets. It can easily acquire the Business Field Services unit of AT&T and become the sole provider for T's IT services internally and also perform the outside commercial work for ATT. It would allow T to focus on its core strength which is mobility at this point instead of trying to be a one-stop-shop!
I certainly have to question if the execs are intentionally tanking the company. I know a large portion of StankA$$’s income comes from stock. So, it makes me wonder why they would want to jettison the Managed Services business even though it has a 40% profit margin. I can see dumping the entertainment cr-p that Randal bought, but dumping off managing telecom services that we off… crazy!
"Join an ERG if you need hugs or hand holding."
Exactly! Far too many delicate minds.
“Find me one person that actually likes Stankey? His leaders complain about him all the time.”
Simple Jeff and Sock Puppet Jeremy like him. All this hostility is making my eyes rain.
There are lots of opportunities to save millions of dollars if they just fix or completely
Replace legacy systems and antiquated processes as they intended. However Instead of replacing platforms and broken processes they have not changed anything but add more layers by piling on more to the existing systems they were designed to replace. - think service now , saleforce, etc.
Stankey does not know how to really grow revenue, and Legg confirmed in his TH that real revenue growth will be difficult unless ATT can start providing applications to create additional revenue streams.
Did this kid Legg not do his homework before he signed on to this albatross of a company? We already tried providing applications that create revenue streams and then gave them to TechM with all the supporting employees. We don’t believe in building product or intellectual property anymore. We gut the budget and reduced internal IP attorney’s. Now we think we will charge some fantasyland tollway to external entities to use our APIs like everybody else on the planet. Such a me too cluster this place is. Good riddance as we become a service provider of micro nothing functions. Who sold you on that strategy? Oh sorry, I mean who did you copy that strategy from?
Stankey is saving T!
Stankey plays a key role in my paycheck and my benefits.
I just want to echo this one post because it needs to said over and over and over again for all you Stankey supporters or RTO kool-aid drinkers that might genuinely believe the BS he’s spewing. Stankey may not be intentionally nosediving the company but he played the lead role in a strategy that has led to the sorry state it’s in now. RTO = workforce reduction = the only pathetic move he can play at this point.
“The current strategy is right. Problem is we wasted 2 decades with a horrible M&A strategy. Now it's the employee's fault? Stankey had seat at the table for every bad decision. How come he's never owned it? You know why son!”
"The current strategy is right."
The current strategy is all Stankey has. This commodity company is fine as long as it does not compete heavily. However, at some point all commodities get into pricing wars, and that is where ATT is headed. Stankey does not know how to really grow revenue, and Legg confirmed in his TH that real revenue growth will be difficult unless ATT can start providing applications to create additional revenue streams. Guess what, ATT has failed for the last decade when they tried to introduce new applications for additional revenue.
No. Skankey is not intentionally ruining what was once a great American company. He’s just a terrible businessman who’s in it for all the wrong reasons. He has zero game. Zero charisma. Zero likability. With the right leadership, we could move mountains!
He is running a business. Join an ERG if you need hugs or hand holding.
Pump and dump
“Find me one person that actually likes Stankey? His leaders complain about him all the time.”
I only know one person who has some direct experience with him and they can’t stand him. This is not some slug I am talking either - they are a great resource with a ton of experience and knowledge. And BTW I have worked at companies where the CEO was genuinely liked and respected so it isn’t an impossible ask for him to be less of a schm_ck.
Objective 1 out 1 - lock-in the golden parachute. Mission completed!!
"Mommy, Stankey is so unfair, making me going into the office and actually work. He can't run a company."
Where do I start with this one. Find me one person that actually likes Stankey? His leaders complain about him all the time. He's been here for decades and nobody likes him. At some point, you simply su-k at being human. We're no longer bi--hing about going into the office, it's the every 10-20 minute checks on time like an old school time clock. 70s and 80s ended a while back. You are probably one of those dudes that must know where your wife or girlfriend is every minute of the day. That's why you support watching employees every move and never trusting them. Breaking news: You're psycho but your buddies won't tell you to your face. Only behind your back.
The current strategy is right. Problem is we wasted 2 decades with a horrible M&A strategy. Now it's the employee's fault? Stankey had seat at the table for every bad decision. How come he's never owned it? You know why son!
There is enough revenue to pay the workers and the dividend. Go AT&T.
It’s ALL about cutting expenses ie headcount!
Since T isn’t making revenue and the C-Suite is definitely not going to take a pay cut, their only option is to cut expenses/headcount.
I hate it here at AT&T but I will stay and keep complaining.
"Not even complaining about RTO, how are you going to recruit any competent engineers."
I'm by no way disagreeing with you, but I promise the c-suite believes AI solves this. They aren't saying it publicly, but they are 100% supportive of AI and automation taking away our jobs.
The bootlicking in here is nauseating. Not even complaining about RTO, how are you going to recruit any competent engineers.
@aw+1jvmezgqc - That's cute that you think your voice will be heard at work.
We should demand Stankey make changes or else. We are the workers and we make the company go.
Uh oh. Another whiner snuck into the AT&T workforce. Want to complain. Doesn't want to work.
“T doesn’t need or want the type of employees who can’t meet 5x8 requirements.”
Yeah, and all through the years, those who worked in a physical office always adhered to a 5x8 work week.
You’re a M0r0n!
T can no longer afford “nice”.
You have to remember that Stankey only knows one thing . . . cut expenses. He has never been successful growing revenue. He nose-dived TW when he took over that company. Every decision he made while at the helm there was overturned after he was relieved of duties there. He is very well compensated for the Biz 101 decisions he is making.
Yes. It makes sense given the (complicit) BOD’s constantly “rewarding” Stanley for his outright failures.
“ T doesn’t need or want the type of employees who can’t meet 5x8 requirements.”
Of course they prefer sheep like you who can’t get jobs at more desirable and will instead do whatever they tell you out of desperation and stupidity.
Welcome to the party pal!
Stankey is hitting the correct financial metrics for shareholders and other investors, at least in the short term. We will see how this plays out. When he has to compete for employees he may have an issue.
He's got a fixation on "cost saving." First, it was a $6B goal, and now I think he just raises the savings goal OCD style. He wants to get as much done as he can before he retires, with a rewarding package, of course.
https://www.lightreading.com/ai-machine-learning/at-t-has-let-go-of-77-400-employees-in-just-four-years
Stank is only worried about the stock price and his bonus, since the two are tied together and most of his comp is from stock. Same with the other execs. Running the business, growing the business and dealing with employees is an annoyance. The few of you there are, the lower the cost, the less severance they have to pay the better. They don’t care about any of you. It was real clear in their latest communications and townhalls. Act accordingly.
I don't think "the stock market" or the shareholders care about how nice or nasty he is.
T doesn’t need or want the type of employees who can’t meet 5x8 requirements.