Although there were very few specifics about layoffs on this call I was struck by a few things:
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Welday mentioned that they will be aggressive in trying to protect as many positions as possible and that there is a freeze in filling any new openings
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An open acknowledgment that T is suffering from a much higher rate of customers cancelling video than the industry as a whole, which is basically admitting that T leadership and management are to blame for the high DTV losses
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Watching Cheryl Choy stutter and bumble when asked about expanding fiber, because right now nobody can get it.
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Finally saying that T leaders screwed the pooch by having too many video services/options and that it was confusing and turning away customers.
All in all a few rather refreshing honest comments where T took the blame for what everyone knew: video losses are made worse by T mistakes, mismanagement, and neglect, and that the video strategy up until now was a mess.
After this our L4 held a call and told us that the layoffs are coming, but likely not until September.
Oh, and I dig Ms. Choy's funky look. it's a refreshing change from the tedious, conservative, midwestern, boring look of the rest of the T execs.