AT&T has let go of 77,400 employees in just 4 years.
with this AT&T has cemented its reputation as the telecom world's most enthusiastic cutter of jobs, they RIFs in 4 year cycles.
Roll the clock back to late 2017, AT&T employed around 280,000 people.
In 2022 was 160,700, a 20.84% decline from 2021.
And Expect 15,000 cuts in 2023
Many thousands of layoffs have been planned, By the end if next cycle - 2025 the magic number will be:
75000 employees
"A telecom company does not need that many workers. Time to right size the company. Get rid of unneeded workers."
There's this same guy who kept on posting 'get rid of unneeded workers'. He must think he's so needed that the axe will never fall on him. What kind of person cheers on the falls of other human beings? Whoever this person is, he should be ashamed and be kicked out first.
They do take the money before it’s recorded/before it’s received. Often accounting principles are ignored. Example…what we are supposed to get as cash, will be used as a handshake credit with a network company — tower company or C&E vendor so perception to EVP is “good negotiations”. Then they award the folks who make the claim that never materialized.
Too much authority to “leadership” and not enough checking. Anyone under VP level must go along or be fired for exposing.
Not even employees doing it any more - outsourced systems and tech dev contractors in India
load up systems to numbers what T says. Olden days of “key stakeholders”
Signing off are gone bc disagreement gets
You fired and going along gets some “connection awards”.
EVPs way too far from actuals - no idea or care if it ever gets recorded by accounting correctly.
over trusting VPs who want their big bonuses
Anyone following FCF and debt obligations knows “something ain’t and hasn’t been right for a while”.
And everyone of those thousands let go thought they gave 120% and were special.
Sound familiar?
A telecom company does not need that many workers. Time to right size the company. Get rid of unneeded workers.
Too many hands in the cookie jar, a company ruined by having too many people in charge.
+ 60 thousand Managers, doing absolutely nothing.
as far as CEO John Stanky is concerned, his salary amounts to embezzling.
I agree with poster that shared concerns over why gets posted. T is notorious for. It following the money from either the purchase to balance sheet or the “professed” process to get to balance sheet. All kinds of processes and systems lead to receivables and payables with all kinds of system handoff errors and more. T moves forward as if money is there and it’s lost or just paper money…
The goal has always to be on par with VZW as far as employees go. We should easily be there by end of next year after RTO settles.
Did you adjust for Time Warner?
Not really, several points here:
AT&T is notoriours syphoning cash, this company is a Cash Cow in the RED, one regarded or exploited as a reliable source of money, That is the deception.
they take it before the money is recorded in the accounting system.
It is never reported and therefore can be hard to identify. That payroll surplus does not exist.