Thread regarding AT&T layoffs

Stock continues to plummet so layoffs and cost cutting can't be far behind

I am starting to see some older people leaving to make sure they are out as to not get hit with losing healthcare subsidy loss, etc. As the dust settles it seems logical (although T mgmt rarely does anything logical) Stankey will follow through on additional cost cuts he spoke about in the townhall. Anyone else hearing of cost cutting coming?

by
| 2054 views | | 14 replies (last October 25, 2021) | Reply
Post ID: @OP+1dny9R7i

14 replies (most recent on top)

Plenty of cuts will come by February when the "mandated" vaccine goes into effect.... Estimated 20% - 30% reduction as workers will refuse the shot and get terminated

by
| | Reply
Post ID: @7yiz+1dny9R7i

cost cutting and layoffs are never far behind no matter the stock price.

such a great place to work.

by
| | Reply
Post ID: @2tcb+1dny9R7i

Stinki is cutting the branch he is sitting on with his new power saw. Watch what happens next.

by
| | Reply
Post ID: @2cqr+1dny9R7i

Have they cut back on all the unnecessary travel yet? Seems to be a lot of travel going on, how much is truly needed?

by
| | Reply
Post ID: @1mwc+1dny9R7i

Only $4B in cuts to go to meet Stankey s plan of $6B in cuts in 2021. What amount is his bonus for meeting this goal?

by
| | Reply
Post ID: @1dxl+1dny9R7i

another 1.44% drop in stock price today to $25.33. No bottom in site!! The Stink appears to not care and the CFO is clueless

by
| | Reply
Post ID: @1kyn+1dny9R7i

How low can the share price go?

by
| | Reply
Post ID: @1odv+1dny9R7i

Gonna cut the workers it no longer needs. Gotta adjust workforce based on amount of work.

by
| | Reply
Post ID: @xqc+1dny9R7i

Is there anything left to cut besides employees?

by
| | Reply
Post ID: @skf+1dny9R7i

Not necessarily true! Operations and IT services continues to hire and grow the business, so there are no layoffs at all in this business sector!

by
| | Reply
Post ID: @yrw+1dny9R7i

It’s always the employees fault, isn’t it? CEO and the board never take responsibility despite this being firmly in their court.

by
| | Reply
Post ID: @ydj+1dny9R7i

The only thing that won’t be cut is Stankey’s compensation and perks. Stephenson will still have access to the company jet to visit his multiple homes, play golf at Pebble Beach and vacations!

The Board of Directors have abandoned the stock holders!!

by
| | Reply
Post ID: @utw+1dny9R7i

Cut everywhere except for Stink's bank account. He is grossly underpaid, in his small mind. He is not going to give up his limo, paid new cars, or corporate jets.

Was just listening to Carl Icahn on TV and he was upset about the CEO of Southwest Airlines that he just became an activist charging SW air for his manicures.

Wonder how he would like Stink's perks like charging T for polishing his bald noggen! Gots to look good!

by
| | Reply
Post ID: @ves+1dny9R7i

You can count on it

by
| | Reply
Post ID: @cfy+1dny9R7i

Post a reply

: