Quote of a paragraph from a post in a previous thread, “Whew! made through one shoe drop”
“Let’s just talk about the real elephant in the room, incompetent tone deaf leadership with well documented and repeated failures. Largest private and probably government debt in human history, huge stock drop bigger than the market or competition, divided cut, shrinking revenues, multiple missed financial projections, selling of assets, little to no growth or new products, small investment in R&D, benefit cuts, policy changes, ongoing reorganization and layoffs, constantly changing direction with no stability or long term business planning. CEO and comrades are flying by the seat of their pants and losing badly without any consequences. Could add much, much more but I think we all get the picture, shuffling chairs on the Titanic.”
I would add, the discriminatory DEI initiatives by the company also hasn’t helped the bottom line because now meritocracy (a tenant of business) no longer matters. Leadership can’t continue to act like the Borg (Star Trek villain) with assimilation through acquisitions, the piggy bank has nearly run dry. The emperor has been exposed with no clothes, buy high at peak then sell low, like Groundhog Day.
At the end of the day let’s not forget the real causation of AT&T’s downfall. No consequences for the incorrigible, incompetent, toxic leadership, their sycophants, complicit board of directors and large investors whom continue to vote for these clowns. The employees and the company are just roadk$ll in all of this madness. Layoffs and RTO are just symptoms of a decaying DeathStar!