Warner Bros. Discovery is laying off more employees after cutting thousands of jobs last year as it tries to boost free cash flow. Chief Executive Officer David Zaslav threw his weight behind CNN CEO Chris Licht for a year, only to fire him this... — read more
Are management titles being let go first?
It seems like most affected so far are management positions. Is there anyone on here affected in a non management position? Also what wave will non management teams be hit in?
Seeking Alpha - Agreed that Stankey, 37 years at AT&T has got to go
"AT&T needs a management shake-up. Everything has become so stale and stiff at AT&T that the company needs new leadership. John Stankey has spent his entire 37-year career at AT&T. Now, that's a good thing, but it is also a bad thing. How can we... — read more
Willing to take pay cut to WFH?
They need to cut costs to meet Free Cash Flow commitments, and are doing it by using RTO with relocation to force out workers. Would you be willing to take a pay cut to stay where you are and continue to Work from Home, with a multi-year commitment... — read more
https://www.macroaxis.com/invest/ratio/TBC/Probability-Of-Bankruptcy
Current ATT Probability Of Bankruptcy Over 55% On Most of ATT's fundamental indicators
Overhead Surplus
Some areas like Legal, HR and Finance do not suffer as many layoffs as the rest of the company. People with questionable behavior and code of conduct violations are allowed to stay on the payroll!!
NO MVO by design
3 employees in Anthony Organization raise their Hands be to be surplused instead Company surplus’s 3 employees with 24,26 & 27 years who want to stay. All 3 remaining employees will now retire within 6 months- 2 in the next 30 days. They don’t care... — read more
AT&T realistically has too many employees
This is not the way to deal with that, though. This will ensure that the majority of the best people who have plenty of options walk away. Where and with who will that leave the company? Did anybody stop to think about that? This is another Stankey... — read more
Breakfast Club. It's like In School Suspension only they decided to
Suspend the entire student body of 3 schools and bring them all into one. Stankey is a Richard Vernon. This will turn into a Lord of The Flies, Breakfast Club, Stallag 17 situation where kliqs and various factions will form and take over various... — read more
RTO
RTO is certainly a move to reduce the workforce. Many jobs that have been remote for decades, not just since the pandemic, have been told they must report to Dallas or leave the company. No severance. The timing of each business unit has been... — read more
Move on or get prepared
Stop spending so much energy in the negative. If you didnt get the shank it doesnt mean you won't. We are at different positions in our lives and you work in an environme t when you never know when you are going to get the Stankey shank. This has... — read more
AT&T insiders say number closer to 25,000
An AT&T mandate calling 60,000 managers to work in-office three days a week is seen by at least one of them as "a layoff wolf in return-to-office sheep's clothing," according to Bloomberg. The ask coincides with a nationwide effort to consolidate the... — read more
Is news expected this coming week?
Anyone have an inside track?
FirstNet Impacts
Place your title and region if you were impacted last week here
Stankey and company are doing a great job
He is trying to turn this company around, recent moves include; Hubbing and RTO for better collaboration, relocation packages, reducing nonessential employees, eliminating premium benefits like excessive PTO, pension, retirement healthcare, the... — read more
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... — read more
Spend the weekend looking for a new job
Don't wait too long or you might find yourself in competition with too many of your former coworkers. It won't ruin your weekend if you go to several job boards (like Glassdoor, Indeed, and similar ones), look through what's available, and send out... — read more
NJ Employees could be owed greater than 6 months severance under law.
The new regulations require employers with establishments in New Jersey to pay severance - one week of pay for every one year of service - to all affected employees even when proper notice is provided. If the employer fails to provide the requisite... — read more
I cringe when this debacle is labeled RTO
So what that some people have to go back to a pre-covid office! That's what you signed up for. Many of these people complaining the cafeteria is no good lmao! Get over it! You have a place to reasonably go earn your paycheck. You aren't being asked... — read more
Reorg in Legg org
Has anyone heard there will be a reorg in ATS? Or, in the future as a result of RTO?
6/23/2023
HC- 152,764
Is Severance Guaranteed If You Decline Move?
Received my letter and I will be asked to move and can accept or refuse to follow the move. My question is, if I refuse to follow the move, Will there definitely be severance? My move is certainly over 50 miles from my current commute but what I read... — read more
Texas has its own power grid
… not connected to any other states. Currently the heat plus air conditioning usage is stressing it. What is the contingency plan if entire functions are all located in Dallas? Y’all recall it wasn’t that long ago AT&T Dallas was basically shut... — read more
What all businesses is AT&t trying to sell?
Who do you think the buyers will be in what will happen to all the employees affected?
RTO Class Action?
Does anyone know if legal a population of RTO impacted employees has started pursuing a legal class action? If so, is it fair/reasonable to share the name(s)? Also does anyone know if severance acceptance would hinder participation in class... — read more
Overheard a director in nj
It sounds like hr hasn’t finalized a plan and also there’s no guarantee if your willing to Move to Dallas that you will have a role …it looks like att was trying to avoid paying severance, but there no way around it…so now it’s all in a big fu----g... — read more
Everyone in the management is negatively judged here
It is true that lots of people left the company because of bad managers, but it is not true that all managers are bad. Maybe there aren't that many good ones, but there are some. Purely out of curiosity, I'm interested in what makes a good / bad... — read more
Posts indicate RTO letters have been made available to managers to be released to individuals
Anyone have details on when managers will release these to individuals? Now that they appear to be queued up, will it be a coordinated release to all impacted employees by a specific date versus the end of month like we had been hearing?
Any updates for Legg’s org?
We are completely in the dark. 6/22 came and passed and nothing was shared or communicated.
No severance = lawsuits
I don't think you have to worry about severance. There is way too much risk of lawsuits if they decide to go that route.
End Game
After the loss of thousands of jobs nothing will change. VP and above levels will scramble around to give Stankey optimistic forecasts of double digit growth. The reality will be falling market value and spin to Wall Street. There will be more... — read more
Did anyone care to read Chad Towns spam of where and how we work?
I’Im sorry I can’t share my thoughts about his email. I’ve found he’s another old school brown nose yes men that isn’t open to anyone else’s thoughts. I haven’t cared to vomit and be falsely motivated like his yes men and gals lieutenants he... — read more
Any non management affected?
Any non management such as sales or service representatives being told to relocate to a new office in another city or surpluses?
What kind of person?
Together, Stephenson, his right-hand man Stankey, and the Board of Directors are solely responsible for shedding 10's of billions of dollars of value from this once proud institution. Along that incomprehensible path to our current day, we... — read more
So is the bloodbath to continue tommorrow?
Didn't get a word today good or bad.
Whew! made it through one shoe drop
Now just waiting on the next shoe to drop, after nearly 25 years of constant layoffs and reorganization a cat with nine lives has nothing on me. Good luck and prayers for all those impacted, hope you find a better position outside of AT&T and some... — read more
Stankey and ATT have so many by the ba--s
Too many picked up and moved to their dream spots and thought that it would last forever. Their dreams are shattered as they still need Cash Flow just like ATT and Stankey. Whoops a Daisy!!! Stankey snap back at you like Texas Rattlesnake