Failing to see the "people" side of the business equation will undoubtedly lead to bad morale, less productivity, disgruntled workers, and, in the worst cases, a mass exodus like this one.
AT&T troubles might not end there. It’s always possible that their insensitive behavior could cost them a lot more than the organization they have built, or the organization is ready to disvest operations. THE decision to divest assets can be a drawn-out one, as AT&T cite sunk costs, existing capital structures, fear of shrinking, and overly optimistic projections as reasons to hold on just a little bit longer. But when it comes to separations, speed matters that is why RTO IS RUSHED not just in the initial decision to divest but also in how quickly the divestiture process is executed,
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Yes, bankruptcy and walk away from the debt and pension, then come back as a new, leaner company with just the right number of workers.
Frontier went down the same path. Couldn’t find a buyer so choose bankruptcy. That’s a potential in the cards too.
Working all hours... doing personal stuff.
"My prediction, RTO and workers actually working. Company will be doing better."
Bwhahaha. My prediction is that most will work less, work only 9-5, leave earlier than 5 actually to beat the HUGE rush hours of traffic (hours if in Dallas or Atlanta, not rush 'hour'). For last 15 years been working from home. I work all hours and will continue to work on a project until into the evening or night because I wanted to solve an issue. Now. Shoot, me and guarantee 2/3s of my hub cellmates will be out of the office at minimum by 4. RTO = less hours worked for most
My prediction, RTO and workers actually working. Company will be doing better.
I come from Legacy AT&T. We had 2 large layoffs in 2004. We sold the company to SBC. It’s a guarantee this is the plan now, especially with another large layoff in the near future. (I predict in 2024).
Enough nonsense predictions. This is the 56,324th post with this prediction. You’re not original.
Vacations over, get to work. If the stock doesn’t go up they’ll be additional RTO layoffs.
The funny part about you pro-rto folk is how delusional you are about the state of the company. The stock will not go up when leadership has essentially given up on the company. You are better selling off any AT&T stock for mid/large cap.
I heard of a split so yes get ready.
Vacations over, get to work. If the stock doesn’t go up they’ll be additional RTO layoffs.
This is not the mass confusion during the DurecTV, Time Warner Mergers Fiasco
This Time around is Just AT&T, and they dont have anything to show for.. since they cant skew financials, valuatios and investors anymore.
AT&T runs on Fraud.
"...will undoubtedly lead to bad morale, less productivity, disgruntled workers...."
Uh, where exactly do you think things are at now?
Who wants to buy that debt?
Credible, AT&T stock price remains in a catastrophic state reaching fresh multidecade lows as its dividend yield is approaching the 7% yield area despite the company still boasting a very safe, approximately 60% payout ratio.
Existing AT&T shareholders who may have lost faith in the stock don't believe that the hard part is behind as AT&T valuation has reached absurdly low levels.
At&T Is In Free Fall... $143B Debt
, 29.0% of total long-term debt was due within the next five years.
2023 to 2027, AT&T will have to pay back debt of $41.7B. To model what level of risk that debt level poses to AT&T over the next five years
And rates going up?
Sell baby sell
without suckling off the Fed Govs ti--y, T is non-existent already...may have some assets to sell in Europe/Asia
Need a buyer. No one wants a telco. There are still states holding T’s feet to the fire to provide POTs. There will be no separation that puts the telco side in peril. States will not allow it and will sue until the buyer walks.
RTO and really work. Enough staying home and doing personal stuff on company time.