Thread regarding AT&T layoffs

Poll: Are you goinng to take the Management Volunetary Offer in ATO GCSC?

POLL:

For those active management employees offered the MVO, please "Rate Up" the response below if you are going to accept the MVO or "rate up" the second response if you are NOT going to accept the offer and continue working.

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Post ID: @1237EdXY

23 replies (most recent on top)

Taking it, tired of the constant threat of layoffs.

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Post ID: @1237EdXY-8xwe

I worked at an engineering company that downgraded their IT department from 200 to 15, and was laid off. Then I worked at an insurance company I hated and left after a year. Then for an airlines that laid me and 89 others off after 90 days. Then at Ameritech/SBC/T, and was offered in 2015 and I met rule of 75 plus got the super offer of full lump sum plus 10%. And was 64. However, I was offered a job immediately by one a company contracted to T.

All I'm saying is layoffs will happen. You're never too old to be competitive if you have good skills. Small and medium size companies can pay a lot of money if you can provide great service to them. And out-of-college people don't know anything about that.

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Post ID: @1237EdXY-2mjj

”Benefits now are $800 a month for ‘retirees’”.

Completely depends on management v bargained for, legacy company etc.. It is certainly not the same for every retiree.

Heck I modeled my retirement medical cost and it was over 1K a month (no thanks, thankfully I won’t need it). You also have retired for craft whose cost can be nothing or next to it.

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Post ID: @1237EdXY-1sxj

Not taking it. In my mid-50s, but not eligible for MR75 retirement yet. Consider myself a fairly smart and competent in my skills, but I have no idea about how/where to start over if I get cut involuntarily.

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Post ID: @1237EdXY-1fqa

@1237EdXY-1ya. Verizon did not offer 2 years severance. Max was 60 weeks.

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Post ID: @1237EdXY-1cxh

Good riddance

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Post ID: @1237EdXY-1qgt

With enough years to qualify for the 6 mos severance I am going to stay. The 6 mos severance is not going to make or beak me so I will wait it out. I am M75 this year with no company subsidized medical upon retirement. Fairly young, if I get let go I will likely find something completely different to do, happiness is my priority for the next gig.

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Post ID: @1237EdXY-1kcj

Brushing up on hindi, i want to stay.

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Post ID: @1237EdXY-1woa

Benefits now are $800 a month for ‘retirees’.

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Post ID: @1237EdXY-1pvz

“I would have company subsidized health benefits, now they are saying I don’t.”… - I started with Ameritech in 12/98 and was surpluss-ed in 2/19. Confirmed that I did not qualify for subsidized health benefits because Ameritech changed the policy before my NCS date. I had the Rep locate the information in a SPD and I confirmed. Sorry I no longer have my notes to reference. My monthly 2020 monthly contrib will be $ 703.00 as an individual for BCBS bronze. I hope you have better luck and everything works out.

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Post ID: @1237EdXY-1rks

Nope. Not taking it. It’s the same offer I’d get if I am involuntarily downsized so I’m sticking around until involuntarily happens.

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Post ID: @1237EdXY-1sab

It's as good as the offers are going to get
Verizon set the bar with the 2 year severance, T WILL NEVER MATCH AND WILL REDUCE FROM CURRENT 6 MONTH SEVERANCE. TAKE THE OFFER AD RUN!!!!!

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Post ID: @1237EdXY-1yak

Not taking it. While I did hit MR75 earlier this year, too young to actually “retire”. I do keep my eye open externally, resume and LInkedIn profile are updated...there are opportunities, but nothing I would jump at right now. Pay here for me is good, PTO is great, and. I don’t hate my job, team, or manager. So I’ll roll the dice; if I get caught up in involuntary action, oh well.

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Post ID: @1237EdXY-yse

Not taking. Will wait until they push me out.

However . I am looking externally!

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Post ID: @1237EdXY-dwy

Yes, I am going to ACCEPT. Sent my initial request in already. Hit modified rule 75 earlier this year and was holding out for the next MVO. Merry Christmas to me!

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Post ID: @1237EdXY-hqy

Accepting - the quarterly surplus list and not great faith in the vision
This is the phone company, T has lost its way due to Randy, Stanley and their visions of Enron
The leveraging for other companies, leadershps lack of expertise in any of the business lines

It's as good as the offers are going to get
Stick around and Randy will have a scheme to screw you out of severance, like a transfer to Accenture, IBM, Tech Mahindra or whoever is courting for kickbacks
Their is no loyalty, I have no confidence that T will do the right thing
Verizon set the bar with the 2 year severance, T will never match

It's a toxic environment - it will be hard to start over, but I don't see a future at T

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Post ID: @1237EdXY-ilv

I want to take it but it appears that after a couple decades plus of being told I would have company subsidized health benefits, now they are saying I don’t. I’m escalating. SPD doesn’t seem t I address my situation. Ameritech/SBC/Cingular/ATT. I am escalating with benefits

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Post ID: @1237EdXY-rlh

Nope

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Post ID: @1237EdXY-ruo

10 years in might be a spot for a good career move elsewhere. At T, I have seen many people get funneled into positions that use less marketable skills at this point. Five more years down the road you could get surplussed and have a hard time getting a new position elsewhere.

Once you start getting older, they just cut or out source to cheaper - nothing new here. If you have not made it to level 3 or above by then, there will always be someone coming out of college with a year or two of experience that can do your job ( somewhat ) and will be cheaper than you. They may even be capable of growing into a leadership position later. At 15 - 20 years, you may just be taking up a s spot for their future lottery pick and they won't need you anymore.

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Post ID: @1237EdXY-vyr
I’m too young to take it voluntarily.

If you're too young to volunteer, you're young enough to go find another job while you still can. If you're only 10 years in you really don't have that much to loose by taking the offer and starting somewhere else that's not in a death spiral.

The odds of you making retirement at T as opposed to getting surplussed or rebadged aren't great.

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Post ID: @1237EdXY-etq

I’m too young to take it voluntarily. I have been employed by AT&T for a decade and thought when I first started this would be the company I retire from but that belief is changing rapidly. T is not the same company they were when I hired in, they’ve lost their way and it’s thanks to incompetent leadership.

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Post ID: @1237EdXY-mbb

I am NOT going to accept the current MVO and stay on the plantation... (Rate Up please if this is what you are going to do)

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Post ID: @1237EdXY-ens

I am going to ACCEPT the current MVO and run like hell... (Rate Up please if this is what you are going to do)

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Post ID: @1237EdXY-gsj

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