Tactics will be used to simply encourage employees to leave the company.
No relocation
No guarantees
No housing assistance
You are on your own.
Much of the work will be absorbed by Dallas, Contractors, and India.
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I hope whoever wrote that 10-year lease deal at Lenox put in some prohibitive clauses that will rival a head football coach buyout if T tries to end it early.
@OP where are these offices you speak of? Sounds like an outsider in Jersey.
@bn Yep. I have watched this company spend millions on equipment and construction only to cancel the projects half finished, and that was equipment that generates revenue. They will not bat an eyelash over wasting a few million here and there on office space they intend to abandon.
That will be the plan once they get out of the dump that is downtown Dallas and move in to the new hq.
That might be 4 to 5 years down the road.
At this moment I know they have not moved everyone who are not in hubs to hubs.. there are a bunch of virtuals floating around.. what do we do with them
This is going to happen but not in 3 years. Way too soon.
US tax code incentivizes offshoring jobs. TCJAs GILTI lets multinationals pay just 10.5% on foreign profits vs 21% domestic. Cheaper to ship jobs abroad, costing billions and 1M+ jobs. This is why ATT hires abroad more than at home.
That said, those of you applying logic like “they wouldn’t be spending all of this money in ATL right now if they were just going to leave “ probably haven’t been around here very long.
Oh, I could see them finishing construction next year, changing plans, and shuttering Lenox 6 months later but that would be changing plans. Just don’t think that’s the plan now
I doubt that this is true.
That said, those of you applying logic like “they wouldn’t be spending all of this money in ATL right now if they were just going to leave “ probably haven’t been around here very long.
Mismanaging funds is the only thing these “ leadership” types excel at.
The group doing the capital improvements probably has no knowledge of whatever a larger plan to exit the location entirely might be.
I have been here 25+ years, and have seen this movie so many times.
I might believe this was the plan if they were not still doing construction at Lenox that is going to run into the middle of next year- cafeteria, gym, even a clinic. It seems highly unlikely they would pour all that money in as well as the money that they have poured in over the last year just to plan to shut it down after two years.
Now I could see something unplanned doing that like a new CEO or an economic collapse. But I don’t see that being the plan as of today
Where is Northpark?
Was it confirmed by someone who actually knows how to spell Lenox and Northpark?
WHO CARES?