Heard from a valid source that we officially are moving to the north suburbs at the end of the lease. Deal is signed. Goodbye downtown.
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This is very thoughtful of AT&T
@v2 Maybe. But unlike sears, we have assets and customers. The company isn't going to move to the burbs to simply shutter. That's absurd. Our debt is only a drop in the bucket compared to what we've invested in infrastructure in the past 10 years. You sound like a tmobile shill. No, we won't be selling to you so stop asking!
This will be announced after Jan 1, 2026.
The plan was to allow people to choose to move to Dallas and choose a home near HQ or south, where homes are slightly more affordable. Then move HQ ~26 miles north (which falls within the loophole for severance), adding another hour plus of traffic if you live near downtown Dallas or south. This will NOT be the only move that will be happening. other reporting locations near Dallas are also moving north.
Coincidently the company is aware of what demographics will be most disproportionally impacted. For those employees who live in south Dallas, this will put your drive (in traffic) to about 2.5 hours each way.
Don't be too hasty thinking this is impossible. T would not be the first debt-soaked company to abandon its flagship tower in an effort to reduce expenses and revitalize their employee pool.
Consider the other AT&T-esque company in the US. Sears was the global leader in retail for several decades before Walmart came along. Sears then spent the next couple of decades trying to reinvent itself by picking up brands and competitors, adding new services and programs to expand its market. Sound familiar? When their executives and board finally saw the writing on the wall, they liquidated their ownership in the Sears Tower and sought a new home in the suburbs. Cheaper rent, better commute, less traffic, safer surroundings. All the things you could hope for in the next generation of Sears employees. Problem was that the brand was stale, the products were expensive, service su-ked, they couldn't attract top quality staff, debt continued to soar... We know how that story ended.
Now, tell me who that sounds like? You really think T has found the magic button? Of course not. They are playing the same RPG that many other failed companies have tried. Find a little place in the suburbs and quietly go away.
Sad but true.
Heard it from a friend who.
heard it from a friend who..
@dh Hahaha…. An L5 with third grade grammar? Not buying it.
AT&T is reportedly exploring a move to the Legacy area in Plano, with sources indicating executives have toured The Park at Legacy site. This move is not confirmed, as the company has declined to comment, and AT&T's current lease at its downtown Dallas headquarters runs through 2030. The exploration may be for expansion or a full relocation, with The Park at Legacy being redeveloped into a mixed-use campus that could house a new headquarters.
Potential location: The Park at Legacy in Plano is a strong possibility, with the 1.8 million-square-foot campus being toured by AT&T executives. This is a 107-acre mixed-use redevelopment project that could potentially house a new global headquarters.
Reason for exploration: While AT&T has not officially commented, reports suggest the move is prompted by a combination of factors, including employee commute patterns and concerns about public safety in the downtown area.
Current status: AT&T's lease at its downtown Dallas headquarters, the Whitacre Tower, is not up until 2030, so any move is not imminent.
City efforts: The City of Dallas has stated it is working to keep AT&T headquartered in the city and has launched a "Safe in the City" initiative to improve downtown public safety.
Potential impact: A move could significantly impact downtown Dallas, with reports suggesting it could lead to a 30% drop in property values and a $62 million loss in annual property tax revenue.
It's not April fool's day yet. They are not moving HQ out of downtown
Fake news….
More than likely, the executives will move to a nicer place where they don’t have to be around the worker bees and leave everyone behind
Just cut to the chase and say your moving HQ to Bangalore.
Don't mess with Texas
Are they existing buildings? If so, will they be renovated? If true, it can still be years away.
Makes me want to relocate and collaborate!
Absolute nonsense..not happening
Actually it's been confirmed by my supervisor whom I asked first that our HQ is moving up north to Ogalala Nebraska so it would be smart to quickly purchase some property up there before real estate prices spike upwards.
New location, perfect time to reset and bring in a whole new C-suite team. The only hope to save the downward spiral of T, is to bring in leadership from the outside. The SBC toxic culture has got to go asap!
Valid source in what org?