Thread regarding AT&T layoffs

MVO Offer Out Today for Finance

Levels 1-4. Wonder How many will take the offer?

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Post ID: @OP+16rh90Fc

21 replies (most recent on top)

They are not going to offer an MVO to the Legg org, if they are only laying off 25 to 50 people, as Legg said.

Get real.

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Post ID: @5jqx+16rh90Fc

Any word on MVO in Legg org for the planned surplus of September time frame? Normally they field with a MVO before they run the surplus, usually all coupled with a reorg/realign.

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Post ID: @5kao+16rh90Fc

@4xmt+16rh90Fc I meant one org that got the offer was Arison's

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Post ID: @5lhu+16rh90Fc

Payroll and AP in St Louis with Shared Services have a lot of fat. Outside contractors can do their jobs with a fraction of their costs providing better services. I guess this is why C suite wanted to cut the shared services.

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Post ID: @5tpw+16rh90Fc

what happened to Arison's Shared Services? I don't understand a comment of "One org that girls the offer was Arison's Shared Services."

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Post ID: @4xmt+16rh90Fc

One org that girls the offer was Arison's Shared Services . All US locations but not sure about international. Last day is Sept 28 on payroll. . .

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Post ID: @4wyf+16rh90Fc

What locations does the offer include? Any in the midwest or just Dallas and NJ?

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Post ID: @3rxj+16rh90Fc

What specific orgs? Our Finance org hasn't heard a thing.

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Post ID: @3mcf+16rh90Fc

I'm taking it. All FBO has focused on for the last year is training Accenture. The VP and AVPs are clueless tweeps who don't know how to run a customer oriented function. A very toxic environment.

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Post ID: @3dsf+16rh90Fc

Meanwhile the Chairman will get over $20 million this year and hundreds of millions in a retirement package!!!

Wise up!!!

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Post ID: @2tki+16rh90Fc

Well deserved!!! Hope it works out for a lot of you guys!!

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Post ID: @2mtv+16rh90Fc

"Sept. 28. Much to learn and research. I’m within 24 months of MR75. Do I go with MTP or take my chances? The Pension lump sum calculation rate is published in NOV right? If it comes down that could mean a higher lump Doemight go or I might wait it out. "

If I remember correctly, the calculation is December?

Also, I am not sure if the Kongress1diots put a clause in the Payroll Protection Act that helped companies screw over their employees by putting a cap on the lump sum. Ratty seemed to mention that. Why would I not be surprised?

When my wife got wacked in 2019, the company STRONGLY encouraged the wackees to take the lump sum in April because they said it would be higher in April than waiting till it was recaclulated the following December. WRONG - she got screwed out of a couple of hundred gran of her lump sum!

MORAL: Don't trust this F*CKin' company.

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Post ID: @1oyc+16rh90Fc

Sept. 28. Much to learn and research. I’m within 24 months of MR75. Do I go with MTP or take my chances? The Pension lump sum calculation rate is published in NOV right? If it comes down that could mean a higher lump Doemight go or I might wait it out.

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Post ID: @1eoi+16rh90Fc

OP, for those in Finance who accept the offer, what is their last day on payroll?

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Post ID: @1wuu+16rh90Fc

@afl - maybe partially true. Some of us at&t employees have attained financial wealth and independence and do not have to work. We will either wait it out (till we are paid to go away) or finally decide we have had enough.

Let me tell you, it's great to have options, Butterbean!

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Post ID: @1sgb+16rh90Fc

Really. I heard Legg org would have a surplus in September as was previously stated. Is that no longer the case? If so, that is good news/

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Post ID: @1ios+16rh90Fc

@war - if you paid any attention you’d know that J.Legg said there will be no more planned layoffs in his org for the rest of the year (save 25-50 people in August) . So certainly no MVO’s.

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Post ID: @1ofa+16rh90Fc

at&t employees don't take the MVO they won't find another job except washing some dishes at chilis

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Post ID: @afl+16rh90Fc

Bean counters taking care of bean counters....sigh

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Post ID: @spr+16rh90Fc

Only in Finance - nothing for ATO that services finance :(

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Post ID: @xrt+16rh90Fc

Any word on the MVO being offered in other areas, like Technology Services? Down the New Jeremy Legg leg?

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Post ID: @war+16rh90Fc

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