Thread regarding AT&T layoffs

Layoffs, RTO and Causation

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!

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| 2591 views | | 21 replies (last June 25, 2023) | Reply
Post ID: @OP+1nhLtq1N

21 replies (most recent on top)

"Strictly talking about business here, DEI is a progression of affirmative action. In approximately 15-20 years according to US censuses the Caucasian population will no longer be the majority. What then?"

Please direct your attention to South Africa and Zimbabwe, or, best case scenario, Brazil.

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Post ID: @1ofd+1nhLtq1N

I’m orange and like to lick snail shells, it makes me a special and people dislike me. Does that mean I get preferential treatment over the common green and purple people? Asking for a friend who loves to smell fl-tulence.

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Post ID: @1xtf+1nhLtq1N

Strictly talking about business here, DEI is a progression of affirmative action. In approximately 15-20 years according to US censuses the Caucasian population will no longer be the majority. What then? Will these discriminatory practices continue? Will the tables turn?

I want the best, most competent and trainable employee for my company. Meritocracy allows you to be evaluated based on many levels and not your identify which has nothing to do with being a good employee. All then have a seat at the table which is the successful and fair way to hire, promote and layoff. Of course there always has been and will be nepotism, favoritism and company politics, human nature no matter what race.

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Post ID: @1bbh+1nhLtq1N

The company has been top heavy in nonessential management positions for way too long. They need to flatten the structure and increase span of control. I’ve been seeing news stories about it repeatedly since Judge Green broke up the monopoly in the 80’s. It didn’t matter for decades due to the huge revenues rolling in but competition happened. They finally are having to make drastic adjustments due to the many poor decisions that has resulted in an enormous debt load and revenue drying up. The music has stopped and they can’t continue to rearrange chairs much longer.

Hate to see anyone lose the job but there is definitely a bias against age and race (mostly older caucasian males) in their selective layoffs. They spread the peanut butter around the country to disguise it. In conjunction with announced layoffs, RTO is the new layoff initiative, anyone thinks otherwise are just fooling themselves. It rates right up there with leadership telling Wall Street they didn’t make free cash flow because customers weren’t paying their bills on time, dubious and laughable.

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Post ID: @1plu+1nhLtq1N

What’s happened the Legal Department reveals employee loyalty, work ethic, and excellence means nothing at AT&T. In 2 recent layoffs (one a year ago impacting Law Dept leadership and last Tuesday’s bloodbath of worker bees, both had nothing to do with the quality of those impacted.

What determined firing? Age and race. Nothing else. Zero.

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Post ID: @1zmp+1nhLtq1N

I'm a minority, and an immigrant. Didn't save my a-s. Surplussed on Thursday. Out of this bi--h in less than 2 weeks.

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Post ID: @1ems+1nhLtq1N

"Did someone strike a nerve with facts, appears someone went crazy with downvoting. How dare facts interrupt a narrative which is also being upvoted like crazy."

I can't always figure out why people downvote what they do. Do they dislike the actual post (like when it's an obvious troll)? Is the post itself okay (like if it's presenting reported data) and they dislike the facts?

The one below, for example: I actually agree with the points made. They are probably pretty accurate. But I don't like what those facts represent i.e. the actions of c-suite, the weird demographic skew, etc. So would I upvote for the validity of the post or downvote for the general suckery of T it highlights. Either way, that a heck of a lot of reactions within a short timeframe.

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Post ID: @nqt+1nhLtq1N

Rearranging the deck chairs on the Titanic.

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Post ID: @ooy+1nhLtq1N

Did someone strike a nerve with facts, appears someone went crazy with downvoting. How dare facts interrupt a narrative which is also being upvoted like crazy.

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Post ID: @ozh+1nhLtq1N

The minority (by total employee %) mostly white incompetent C-suite have been an abject failure. Nobody is giving them a pass but discriminatory identity policies and practices won’t solve incompetence, only consequences. That’s what’s wrong with todays corporate boardrooms, no consequences for poor performance. Fire them! On the other hand DEI will be a catastrophic failure for the company because they won’t to be able to hire and retain the the best competent talent based on using a DEI model. Meritocracy matters for a business to have success and sustainability, it’s a proven business practice.

The last couple of yearly AT&T, DEI reports if going by US demographics shows that the employee base is unbalanced according to the racial makeup of the country. The white majority is underrepresented with the exception of the small C-suite level. That needs to be corrected, the company needs to be fair if they are going by identity policies, otherwise it’s hypocritical and discriminatory.

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Post ID: @nlp+1nhLtq1N

"the discriminatory DEI initiatives"

I think it's ironic how you presume that DEI initiatives somehow led to the downfall of some meritocracy at AT&T, given that the ONLY failures that have cost the company hundreds of billions of dollars were at the hands of white men. Under what DEI initiative were they hired?

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Post ID: @obp+1nhLtq1N

You are right about the sycophants, their next move is to throw up a bunch,3-4 new bogus topics to bury these kind of truthful pieces on the site. I’ve seen it happen repeatedly over the last few years. Watch and see if I’m not right.

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Post ID: @lke+1nhLtq1N

The sycophants are here, they keep down voting post of others comments and opinions. It doesn’t change reality, they are wasting their time. It’s been in the news for a while and Wall Street is well aware what’s been happening.

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Post ID: @jsw+1nhLtq1N

AT&T is like the carcass of a fallen elephant that becomes diminished daily by the fattened carnivores and vultures feeding off of it. Eventually only the bones will be left.

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Post ID: @qiw+1nhLtq1N

Great piece on the current situation - but very very sad-and to think RS is on the BOD of Walmart.

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Post ID: @tgm+1nhLtq1N

It's time for you to move on. Get on with your life!

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Post ID: @vzi+1nhLtq1N

Randall is mostly to blame but let’s not give Stankey, C-suite or the board a pass either, they were thick as thieves with Randall during all of these blunders.

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Post ID: @nkq+1nhLtq1N

The source of nearly all the companies present day problems is Randall Stephenson. For the myriad of ill-advised and overpriced acquisitions and simultaneous neglect of the core business his legacy will forever be the man who destroyed AT&T. He imagined himself a true visionary; of course the proof is in the pudding. His ego may be the only thing larger than his debt load.

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Post ID: @iiu+1nhLtq1N

Great summation! Unfortunately it’s true.

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Post ID: @iyp+1nhLtq1N

Nailed it

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Post ID: @mvg+1nhLtq1N

Accurate, where do they go from here?

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Post ID: @ucs+1nhLtq1N

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