Thread regarding AT&T layoffs

“Market Based” Failure

So this is what a “market-based” company looks like? Since John Stankey took over as CEO in 2020, AT&T’s stock has gone nowhere, bouncing between $14 and $24 while billions were wasted on failed acquisitions, buybacks, pointless reorgs, and the most tone-deaf RTO policy in corporate America.

Five years in, zero shareholder value created. Billions burned. Morale at rock bottom. The “market” isn’t buying his strategy, and neither are the employees who actually keep this place running.

If Stankey really wants to be “market-based,” then start listening to what the market is saying: no confidence. Bring back flexibility, respect, and results-driven work. The 5-day RTO punishment failed. It’s time to admit it and move forward.


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| 1322 views | | 8 replies (last November 7) | Reply
Post ID: @OP+1k9a3q49k

8 replies (most recent on top)

@a4 It is likely the only thing that will force them to recognize this is a shareholder lawsuit. And, I mean, how many people with a better than room temperature IQ own AT&T stock anymore? We are counting upon the worst investors in the market to get together and file a lawsuit to make the board stop eating paint chips.

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Post ID: @kj+1k9a3q49k

The current RTO push is the last gasp of a dying business model. It will revert back at some point because that is the nature of technology. Having everyone sitting in an office only costs the company more and has proven to have a negative effect on productivity and outputs. WFH was a bo-m for communications companies as it meant more internet connections and a bigger dependency on wireless connection. If the leadership was smart, they’d see all that, but sadly they are not.

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Post ID: @er+1k9a3q49k

@a9 20 hours / week? Wow. How did you come by that figure? Well, first, what's to stop someone who's a non-productive person from coming into the office and finding ways to 'not work' there? Second, if a person is not working, it becomes evident to everyone, whether you're 'at home' or 'in the office'. You have nothing to show for your lack of effort. Third, when I was 'at home' I put in a lot more hours as I was invested. I had the flexibility to take care of stuff without having to take time off and juggle my schedule since the office is so far from where everything is located. Now, I work far less. The obvious reason is the time I could have worked is spent driving to and from the office. Ergo, the company gets less of my 'actual time'.

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Post ID: @bx+1k9a3q49k

"20 hours is a high estimate for what metrics showed was really happening during the pandemic."

You gotta love the A$$hole that references the metrics that they cannot produce. It is like the big Stank talking about the metrics being used to measure employees, but not actually telling the employees what those metrics are. GFY you Stank A$$LI---R!

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Post ID: @br+1k9a3q49k

My golfing productivity was higher until RTO.

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Post ID: @bj+1k9a3q49k

@a9 Why do you lie? Pandemic era output was the highest this company has ever seen. Productivity is much lower now since RTO. During Covid most people worked well over 40 hours a week because they were home.

Next, your claim of 20 hours a week is blatantly false and is based upon flawed data in the presence report. Leadership has already admitted this data is not accurate.

Also, that data only captured time worked in the office and did not factor in time worked outside of the office. Why don’t they capture the time worked outside the office?

You’re a low performance goon and I hope you’re laid off so you can see how little the boots you lick care about you.

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Post ID: @ae+1k9a3q49k

"Office space, utilities, maintenance, security, and on-site operations cost between $12,000 and $14,000 per employee annually. With roughly 150,000 U.S. employees, that’s over $2 billion a year."

What about the dire financial loss when most employees output goes back to less than 20 hours/week? 20 hours is a high estimate for what metrics showed was really happening during the pandemic. RTO is here to stay,

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Post ID: @a9+1k9a3q49k

“Leadership” hates this one simple fact:

AT&T could save billions and retain top talent if it ended mandatory five-day RTO. Office space, utilities, maintenance, security, and on-site operations cost between $12,000 and $14,000 per employee annually. With roughly 150,000 U.S. employees, that’s over $2 billion a year. Allowing half the workforce to go hybrid or remote could save around $1 billion, and adding retention improvements pushes potential savings past $3 billion annually.

Ending mandatory RTO isn’t just culturally smart. It’s financially responsible. It saves billions, retains skilled employees, boosts productivity, and aligns AT&T with the realities of today’s workforce, remote work is the future. The evidence is clear. The policy is failing. It’s time to change.

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Post ID: @a4+1k9a3q49k

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