Thread regarding AT&T layoffs

This workforce reduction began in 2009. They have been doing layoffs 2-3x per year since 2009. If you are surprised you may be an FJB supporter.

There will be many at end of year. Anyone pension eligible 50+ will leave instead of losing lump sum value with the increased fed rates. Everyone can see AT&T is going down hard like the Titanic with Herr Stankey as captain

Please don't use that lame a-- term rightsizing. this is mass firings pure and simple due to HUGE mistakes by CEOs that believe they are GOATs and are nothing but narcissist s filled with hubris. The only thing "rightsizing" should refer to is getting rid of the CEO, his child that gets paid a hefty salary and never shows up, an ex-CEO's child who's been on the payroll as a contractor for the "compensation" unit, all over nepotism positions who do not and su-k the money out of the company, and all the upper managers that don't have the courage to say NO to the constant stupid decisions made for this company

I don't think you can extrapolate like that, This isn't sales of bottles of milk

People won't leave in a way that the data represents itself in a linear way.

There will likely be some weeks with few leaving, many weeks with large spikes of people leaving, especially near year end.

319 gone the week before. Don't select a single data point. An average of about 200 per week January-June 2023.

We can only guess why employees are gone and how many are new adds. Warn new comers that what they heard was the old T. Current-New T is toxic. Get your training, update your resume, and leave before it is too late. Retired pensions sold to an annuity. Future payments lost federal guarantee and no longer depend on T for future funding.

I will soon lose my funded pension, T will loose a customer.

RTO has an estimated headcount reduction of 35K-40K which at this point is acceptable based on financials. T better figure out how to grow the business or this rightsizing will continue for years to come.

Not following the context of “playing game of chicken”

If we are talking about chicken, make mine fried.

we ain't even started leaving yet, this game of chicken is a 2 way street

so soon? There is still time on the clock before RTO.

It could be the I won’t RTO people. Plenty of wfh people in their 60s and they just leave rather than go in to the office.