Thread regarding AT&T layoffs

"We all should help JS succeed in his mission for better T"

Is this sarcasm? Why should anyone help JS succeed in his mission for better himself by depriving employees of their jobs?

JS + amazing = cognitive dissonance. (It is impossible to hold both thoughts without getting a headache.)

ok Randall

js couldn't run a lemonade stand

Yeah just like he had a plan for U-Verse and then he had a plan for DirecTV and then he had a plan for T-Mobile and then he had a plan for Time Warner and here we are with another brilliant Stankey plan.

He literally said at the end of yesterday's call that there is no plan. They're winging it, which is why everything about roll-out of RTO and hub consolidation has been a complete and total failure.

I will believe it when I see it. Sorry if it’s hard to get on board but I’ve heard the same “we’re on the right track this time” speech too many times over the past 15 years to believe it any more.

The OP is definitely one of those sheep in the audience constantly shaking their heads in agreement no matter what he said.

He put this company in its current position and it will take someone way more skilled than him to get us out. Where's Legere when you need him?

"I felt this thrill up my leg", Chris Matthews, MSNBC. Maybe Stankey will change his name and run for President.

Hey, @nqk+1nO0QMIp, do you know why "we keep blaming JS"? It's not because he's trying to fix things, etc. It's because the problems he's allegedly trying to fix were all caused either entirely or in large part by him.

So no, he doesn't get Brownie points for suddenly making moves to correct his failures. Since he took over tens of thousands of dedicated employees have been let go. Not because of a bad economy or because the former CEO was bad (though he was), but because Stink has his fingerprints all over all of the catastrophic moves and blunders of the past 10 years at least.

More than that, he was inserted as head of DTV after the merger and ... he led an industry high subscriber loss rate and oversaw the disastrous launch of DTV Now. He then was placed at the head of the entire entertainment group after the TW merger and ... he not only crippled morale there, but led more layoffs, ruined HBO, and oversaw the disastrous launch of AT&TTV.

He was then made CEO of the entire company and ... led the sale of DTV and TW (both of which he was instrumental in acquiring) for pennies on the dollar, saddling T with over $100B in debt!

So please excuse me and the rest of us if we have little faith in his ability to suddenly make tough decisions and fix things. History has proven that everything he touches turns to sh1t, and that he's grossly incompetent and a rotten leader.

The fact you can't acknowledge that says more about you than you know.

OP ask yourself one simple question -- do you really trust the fk sticks who put T in the ditch in the first place to get us out of the ditch and back on the road?

Since you still haven't learned how to spell 'whining' since the last time you posted, I now choose to believe that you mean winning, 'cause all I do is...

Dude what kind od pills are you on?

They need to lop off a few at the top who are incompetent starting with Stankey

This is like sports radio call in shows where everyone thinks they are smarter than the GM. Cut 30% here, sell off this, ax that. Leadership may not be competent but this isn’t any better

The company has tons of fat that need to be trimmed before the company start handling the issue of debt
1- businesses that doesn’t make positive cash flow has to go
2- departments that can be eliminated air merged has to go
3- fiber and wireless should have at least 30% cut in man power and salaries
Only then the company can worth investing in
I know it is hard to hear but it is the truth
We keep blaming JS but the guy need to take tough decisions for this company to make a comeback

So the company paid trolls got on here this morning and trying to smooth out what clearly po'd MANY MANY MANY employees yesterday.

Stankey is a pillowbiter.

I agree. For the most part it was a fine meeting. I found his comments about the stock price weak but everything else was fairly strong.

The reality is, the company MUST cut costs and for the most part are on track for specific targets being set.

Expenses must be lowered, we need to remove dead weight organizations, and it's going to take time for us to see the direct impact of our investment into fiber/mobility network.

There's truly no way to get around cuts. Wireless needs to be reduced, severely, AT&T Business needs to be restructured.

The company needs to move forward on core products: Mobility and Fiber. This is what we are good at, this must be the focus.

We have to divest in some areas and invest in others. This means selling assets we don't need and, yes, it does mean reducing employee headcount.

What's ironic to me is that investors and the market loves layoffs. They're avoiding tackling this directly which is foolish.

I get it. There's concerns about cash flow, concerns about pay out, because the truth is a layoff will impact our "free cash".

I'm certain, these executives are smarter than me so there is a strategy here that maybe I'm not privy too. But it seems like the trade off of annoying a layoff(which will boost the stock value) and a temporary reduction in free cash.

But wtf do I know?

Troll!

If he didn’t drive us 100 billion into debt, then we wouldn’t need a recovery plan. It’d be a revenue plan.

I don’t think he has good plan, or any plans
The whole thing yesterday was staged and nothing but bullsh-t

Seriously???