Another leadership blunder and another massive waste of money

Moving HQ from Dallas to Plano means billions poured into the new campus, long term lease, buildouts, utilities, security, and facilities just to force people into offices to sit on video calls. All cost. No return.

There’s a cheaper, smarter option leadership refuses to touch.

End five day RTO. Shrink or break the leases. Go remote first.

Office space costs large companies roughly $12,000 to $18,000 per employee per year. With roughly 130,000 employees, that’s $1.5 to $2.3 billion every single year. Over five years, up to $11 billion. Over ten years, north of $20 billion.

Instead of saving billions, leadership is lighting it on fire to defend a failed work model. Plano isn’t a strategy. Five day RTO isn’t leadership. It’s just another expensive mistake employees and shareholders will pay for.

#Leadership #RTO #WFH #CostCutting #OfficeSpace

Comment! It's anonymous!

13 replies (most recent on top)

@ka exactly. Might actually be a sign of hope.

There is no surer marker of the impending commercial real estate market collapse than AT&T making a 10 figure investment in it. Our company is well known as the d-mbest money on Wall Street. Watch the smart money go short on CRE very soon.

He said our employee surveys lead the direction for new facility! When have they even read them much less respond too them! Maybe when they tear down the old building they can plant some of them trees they give away! My a free android tablet! A free copy of CCKM, a free call to the fraud dept and more!

Remote work WILL eventually be 100% for office workers... may be 5 or 10 yrs, but why doesnt "t" jump ahead of the competition and go virtual. Isnt this a communications company? Demonstrate your product and leap ahead of VZ.

This is clearly contrary to shareholder interests and should result in a Dodge vs Ford type lawsuit.

That's Stankey for you, blaming T rank and file for forcing move from Dallas to Plano!

Another power move by our tone deaf and blind leadership.

RTO is here to stay. You need not be if unable to meet this expectation.

AT&T, spent $100 million on its downtown Discovery District, and all of its primary operations out of Dallas proper completely. The Discovery District, which includes a massive video screen, a food hall, outdoor seating space and more, opened in 2021.

Wow what a massive waste of money, they want to shrink the company to be more cost effective but blow money like this.

better workspace

What the company thinks is a better workspace is cramming people on top of each other and making them wear uncomfortable headsets all day long just so they don't have to hear someone else's work meeting conferences or personal information like calling their doctor or school about their kids.

@a2 the survey said let us work from home, not take our bonuses to build a new campus

@a2 thing is nobody said they needed a better workspace they said they didn’t need any workspace. Everyone can work from home. It’s 2026 not 1926. Let’s get with modern times and use the service we provide to our customers.

The message didn’t just say they were moving, it said they are demolishing existing buildings and constructing BRAND NEW 45 acre campus from scratch (because we said on the survey we needed better work space).

Thread regarding AT&T layoffs

Another leadership blunder and another massive waste of money

13 replies (most recent on top)

Post a reply