Thoughts?
15 replies (most recent on top)
Happy I left last year and walked away with my cash pension before the treasury rates went through the sky in November 2022. People who decided not to leave and were taking their cash balance and just got laid off have just lost 35% of their cash pension.
Not true. You should know this was limited to specific pensions. Specifically. Those tied to the Segment rates. Those with a Mobility pension are seeing a slight increase because it uses the 30yr Treasury
“Happy I left last year and walked away with my cash pension before the treasury rates went through the sky in November 2022. People who decided not to leave and were taking their cash balance and just got laid off have just lost 35% of their cash pension. Sickening that they removed lifetime medical insurance in order to remove expenditures from the business. Randall and team destroyed this awesome company with acquisitions that weren’t thought through”
I struggled with this and stayed. It was a good decision to leave if your old enough but to give up my paycheck and start drawing money out im not so sure. I’d definitely need to work somewhere else and the prediction is the fed will start lowering rates in 2024 and 2025. Now if your involved in the hub city fiasco then yea I’m out.
Sickening that they removed lifetime medical insurance in order to remove expenditures from the business
I agree with you. There was a better way to do this. So sad they took away retiree medical benefits.
If anyone can prove AT&T BOD knew about RTO prior to Jan2023 they can be held liable for loss of pension wages for negligence. Also stating relocation packages were being offered & were not. Forced resignation -Constructive Discharge and Discrimination. It’s coming
There is a possibility but who knows what probability
Nope. They don’t ask interest anymore. Straight layoffs or forced moves.
Happy I left last year and walked away with my cash pension before the treasury rates went through the sky in November 2022. People who decided not to leave and were taking their cash balance and just got laid off have just lost 35% of their cash pension. Sickening that they removed lifetime medical insurance in order to remove expenditures from the business. Randall and team destroyed this awesome company with acquisitions that weren’t thought through
Mr. Ignoramus: "Your obviously too ignorant too understand..." should be: "You're obviously too ignorant to understand..."
What if CEO compensation followed the same 3% increase per year as the general employee population instead of a 20% raise every year? If the argument is that CEO pay should be based on performance, then the CEO and the board should reimburse their salaries with interest, since AT&T has experienced a net loss of 24 billion dollars over the past several years.
Voluntary severance could be offered to craft to save the young folks or they can do a formal surplus and the senior people can still take the money to save the bottom guy. Anything enhanced beyond that would be unlikely but not totally impossible.
Not a chance giving the current attrition rate due to RTO.
Nope. Those these are in the past. Between consolidating to hubs and normal workforce reduction going to clean house. But you’re free to leave the company at any time.
I don't get it?
Your obviously too ignorant too understand in leaving with severance and without.
You can literally leave at any time!1