With AT&T selling 50% of their assets, rewinding Father Time to just become a simple telco company delivering Wireless & Broadband. Slow growth due to saturation in the market place. AT&T needs a hair cut or as Stankey put it “feeding too many mouths”.
#1 TMO 53,000 employees
#2 VZW 130,000 employees
#3 ATT 230,000 employees
14 replies (most recent on top)
Debt levels should be ~130b for T. V has about 145b. V has a lot less employees. V outsourced IT. I would assume with the Legg transformation ends - IT will be outsourced. Passing more homes with fiber is not the answer since T only has a 30% take rate. Not much growth in wireless. So - it will be a cost reduction game.
Too many mouths to feed and the wrong mouths being fed. Replace Stankey, end the contract with Stephens and Stephenson, replace most of Stankey's direct reports and the Board...... leadership mouths being fed are the problem
Wrong, T-Mo had 75,000 in 2020. Now has over 100, 000 in 2021 but we get your point....
Big beautiful debt.
Most investors believe Stankey has ran the company in the ditch and that's where it will stay.
WAY heavy on managers! CHOP CHOP!!!
You can't get there from here. Replace entire C-suite, BOD, and retire massive debt.
Acquisition by #1 or #2 and a MASSIVE restructuring.
Don't forget about the latest brag, we'll have the lowest debt among the wireless carriers after divesting DTV and WM. And who accumulated the debt to begin with??
The only number 1 that is achievable is #1 in layoffs and downsizing.
Don't step in #2....
but who will do strike duty when the union strikes? you have to have all those reserve employees ready and willing to be used as a bargaining chip.
There is NO path to #1 until we are FULLY rid of the Ratty and the Stink and the BoD that rubber stamped all their b o n e h e a d decisions.
Getting rid of massive number of employees is not going to help until the C-Suite is cleaned out of these @sswipes.
For starters….. can ATT get a refund for the BS Discovery District in which they wasted $300M.