Any insights what this will be?
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Looks like the bonus for L2 decreases 2%, is that correct?
From what I have seen of it, it removes a lot of the BS AT&T put in place to prevent giving people raises to take on new responsibilities. So if you are a L2 and move to a different L2 job it will be possible to get a raise to do so. You don't have to move to a L3. Also titles are being changed to align with career progression and be closer to the work that is actually done. Sure it all favors the company but it also has some benefits to the workers as well. Better deal than AT&T ever gave us.
I'm sure HR has plenty of insights. Prepare yourself.