Thread regarding AT&T layoffs

What a difference a year makes

My last day with T was one year ago. I was one of the thousands impacted by Stink's 2020 layoff hustle - a desperate and flailing attempt to try by him to try and help cover up his abysmal management and disastrous business decisions.

Since then, Stink has:

  • Eviscerated the benefits for T employees and retirees
  • Made it crystal clear that he does not value employees with seniority
  • Explicitly told employees to not look at T as a long-term career option
  • Sold off both DIRECTV and Warner Media at a huge loss
  • Fallen way behind both T-Mobile and Verizon in 5G rollout, coverage, and performance
  • Made things so toxic that investors avoid T even after a good Q3 report because nobody believes his lies or has faith in his leadership. In fact, T stock was worth about $27 a year ago. It's at $25 today (and falling).

Any other employee at any other company would have been released for 1/10 as many failures as Stink has. Yet he not only keeps his job, but gets a healthy increase in both salary and incentives.

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| 2543 views | | 10 replies (last November 5, 2021) | Reply
Post ID: @OP+1dCAfrUS

10 replies (most recent on top)

I was laid off back in 2020 as well. I do have a few friends that still work for the company in various areas.

As someone else had mentioned, that Stankey doesn't care about senior employees. He mentioned something about that several years ago when he visited our campus. Something to the effect that if you plan on staying at AT&T until you retire, you have another thing coming. I remember we all looked at each other when he said that. Ever since that day, we knew who we were dealing with.

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Post ID: @3rsh+1dCAfrUS

"There is a obvious reason that the Ratty and Stinky are at the top of Jim Cramer's CEO Wall of Shame! "

Cramer ? really? look at the archives, Jimmie was an advocate of all this non sense when the deal fees and payouts were on the table.

All bread and circuses. Now with all the redundancy and resiliancy removed from planning because "no one ever sees a black swan event" save the money, the payback is no longer in the cash that was saved, but in the added cost and expense that it will coast now to get it back.

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Post ID: @1dsa+1dCAfrUS

@qrk+1dCAfrUS: OP here. No worries, I don't let Stink bug me any longer. The only reason I visit here is because I still have a number of good friends suffering at T (the lucky ones went with the new DTV, so good for them!) and I actually do want to to succeed. The company itself is great. It's the guys running the show who are reprehensible.

You are right, however, life is MUCH better on the other side of T!

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Post ID: @1kkn+1dCAfrUS

"What a difference a year makes"

apparently not. You're still letting John Stankey live rent free inside your head.

Its a beautiful world. Go live your life if its so much better on the other side.

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Post ID: @qrk+1dCAfrUS

"So, you left a year ago, and still back here instead of moving on. Got it."

Some folks kept stock options in this dumpster fire of a corp. And I'm sure you did get it.

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Post ID: @uid+1dCAfrUS

So, you left a year ago, and still back here instead of moving on. Got it.

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Post ID: @fgv+1dCAfrUS

Great summary!
In two years time we will be looking back on this as a good year, before the fall .

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Post ID: @bpe+1dCAfrUS

Let's not forget John Stevens Ex CFO but no CPA!!!

Remember when he said on an analysts call that they had "Line Of Sight" regarding reducing the debt. What a dummy he was.

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Post ID: @pdj+1dCAfrUS

#Facts.

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Post ID: @lpb+1dCAfrUS

There is a obvious reason that the Ratty and Stinky are at the top of Jim Cramer's CEO Wall of Shame!

Yet, the BoD kept both of them so they could fill up their banks accounts at the expense of Shareholders, Employees and Customers. The Stink created the most Toxic work environment since Jeff Immelt ruined GE.

Claw back all of the Rat's and Sink's compensation!

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Post ID: @ouo+1dCAfrUS

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