AT&T uses layoffs (and the threat of layoffs) as a Force Management tool. They always have. And they will continue to do so. Unlike a lot of other companies who can manage their employment needs through natural attrition (job movements, resignations, retirements, deaths), AT&T uses targeted layoffs to do so.
Its a sign of pi-s-poor C-level management to use this outmoded method.
Signed- a 20+ year employee.
Well said, @ztp+1fh273nT.