Thread regarding AT&T layoffs

Focusing on the wireless business?????!!

"I think that they're trying now to dramatically retrench and focus around their wireless business, HBO Max, and their wired broadband business," Moffett noted. "Unfortunately, you can't pretend that you didn't buy those assets because the debt that you took on to buy them is still on the balance sheet... They bought a house they couldn't afford, and it turned out to be not a very nice house."

They are focusing on their wireless business by outsourcing, taking away benefits and destroying morale. Nice!

You can buy the spectrum, but you still need actual humans (aka employees) to light it up.

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Post ID: @OP+19Bsx1Qo

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Lol, the wireless business...you mean the same one that churns thousands weekly while leadership still thinks we demand an arrogant amount of premium for inconsistent coverage, poor customer service and 1980's marketing ? How about First Net, remarkably behind committed subscribers, wonder why ? This company had a goldmine, but chose to take that base for granted..then empowered by way of Billions in breakup fees, a small company thirsty to build and serve customers. Our leadership speak is similar to that of the titanic crew, there is nothing wrong here disregard the iceberg.

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Post ID: @1qpk+19Bsx1Qo

For the company that once invented the transistor, we now invent financial abstractions and "deals". Bravo.

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Post ID: @vgr+19Bsx1Qo

One of the bad things about working in this industry is that it's highly concentrated, giving the ~3 national employers all the leverage. By contrast, the life of an employee will be to bear what they must, until they are replaced.

Hey, it could be worse - you could be working in aerospace.

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Post ID: @wmf+19Bsx1Qo

Exactly on point @acn+19Bsx1Qo

Same thing will be happening all over the company. Mass exodus of the 'older' employees with years of knowledge and experience out the door.

Six months later they will be back on payroll as contractors....makes total sense for the company to do this right?

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Post ID: @azp+19Bsx1Qo

It's a good point with the spectrum. For Mobility, that purchase is going to be driving a TON of urgent work in the 4th quarter this year. All while there will be a significant number of experienced SME type employees headed out the door. Well done.

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Post ID: @acn+19Bsx1Qo

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