I bet this has something to do with the big surplus announcement:
Shares of AT&T drop as much as 4 percent Wednesday as two of its telecom rivals reported surges in subscribers.
Investors are viewing this as a zero-sum game — growth for Verizon and T-Mobile raises questions about how telecom giant AT&T fared.
T-Mobile adds 2.4 million subscribers in the fourth quarter, crushing expectations of 857,000, while Verizon brings in 650,000 new customers in the fourth quarter.
Left the company last year and at the time it seemed the sky was falling, but that couldn't have been farther from the truth. Believe me, it was the best thing. Found a much better job with far less stress and realized a great savings switching to competitors. So, while you may think the end is near, it really isn't and in time you will be much happier. The t is pure toxic that is in the midst of creating its own downfall and watching it collapse from the outside looking in is only 1 of the benefits of leaving.
Consumer mobility, like consumer landline before it has become a low margin commodity. It's simply not where the profit is anymore, so priorities shift, and the jobs disappear along with it. Not much call for landline sales these days either, though obviously it's still around.
AT&T is perfectly happy to leave 100% of it to thirty party resellers and packaged as part of home Internet add ons in the years to come.
Right. Figuring out how to succeed in a competitive market in which they had a significant head start was just too hard for AT&T's management team. But the CEO is still worth 28 mil a year. Somehow that's not adding up.
Magenta team member here....and former "T" bagger.
Randy and the Johns have destroyed a great american institution. I left in 2015 after getting passed over for promotion and then ordered to work for someone I trained....well guess what we are kicking a-- over here and taking names....keep doing what you're doing.....cuz...to paraphrase McDonald's "We're lovin it"
Can't fix stupid but you can replace them with new leadership.
I just went to Verizon. I can’t believe how expensive AT&T was. Was paying $128.50 for one phone (which I bought for cash from Apple) and 15 gigs data. They told me it was an old plan.
The margins are all in commercial and home providing. T-Mobile's price war has taken all the profit out of consumer mobility, and AT&T is perfectly happy to leave 100% of it to thirty party resellers and packaged as part of home Internet add ons in the years to come. Its significance to the bottom line is not quite that of the landline business, but the employees themselves are even bigger loss leaders.
A recent former T employee here that took all of my AT&T services to the competition (and encouraged family and friends to do the same).
Horrible end of year promotions, incompetent customer service and shady business practices are just some of the reasons why T fails. Verizon's growth is proof that people will pay a premium for quality service. T is not quality service.
As a previous employee of 20 years, I will say I'm not surprised. I had 15 lines with AT&T when I resigned and it only took me 11 months to switch them all to T-Mobile. AT&T is expensive and customer service is horrific! Glad I switched and glad AT&T is finally paying for their subpar customer service. I just feel bad for all my old colleagues who will be looking for jobs.
It's because of the telecommuters. All their fault.
When Stephenson became CEO in '07 they had wireless share equivalent to VZ. Now they're a distant #2 and it's looking like TMO could pass them for that in as little as 18 mos. even without the SPR merger. Golf clap for ATT's leadership. Well played, team!
Nothing wrong here that some layoffs and a little fake 5G won't fix, right?
"Consumer mobility is only 20% of AT&T's revenue" is just like saying AT&T is only $180B in debt. The bottom line is the bottom line. Every number, dollar, head count is critical for AT&T at this day and time. You have Randy to thank for that.
Consumer mobility is only 20% of AT&T's revenue you know. You guys aren't very important anymore in the big scheme of things, and the share of AT&T's business is shrinking fast.