Thread regarding AT&T layoffs

shareholders are unhappy with the sh-t sandwich you served up, will be dumping WBD, t and service.

You know why the top brass at AT&T are unhappy with the rising hourly pays and salaries for basically everyone across the board?

Because that used to be the ONLY SOMEWHAT carrot they could dangle in front of employees who ever talked back or complained or had 2 brain cells to question "is what you're asking of me right?"

They used to say "yea? Good luck making this kind of money anywhere else. Sit down and shut up. And most people would swallow their pride and sit down and shut up and collect that pay to provide for themselves and / or their families.

Well wages keep going up and up across all markets, EXCEPT for AT&T. We keep getting more and more commission taken away from us. And if you're in COR well, good luck competing with all the 3rd parties, customer care, online etc fighting against you for sales, while being able to do it fraudulently while you do clean up control when they inevitably get fu---d by said third parties, customer care, online etc who tell customers "hate it for ya, gotta go to a corporate store to get that fixed, tell them we sent ya, haha"

Stank and the brass are scared we'll all finally see the light and listen to our colleagues who left for greener pastures making the same or more pay doing MUCH less work, dealing with MUCH less stress.

Why should any of us stick around dealing with all the bull cr-p we deal with day in and day out for the (now) lousy compensation. In my store alone, 3 4 out of the 6 reps working there now have either put in applications elsewhere, currently fielding offers or have already out in their 2 weeks notice.

This place is a joke now. Especially when you compare it to going and stocking shelves at big box retailers or saying "can I take your order" for close to / the same / or more pay.

And even if it's for less pay, sometimes the pay to stress ratio is such it's MORE than worth taking that initial pay cut.

they have pills for that

Maybe I'm not happy with a CEO that continues to reeive millions annually, even while he drives his company into the ground and is rewarded for his foolhearty acquisitions (buy high, sell low). Why am I still seeing his smug face in weekly emails talking about the future of our company, when he's done nothing but tank our value and drive off skilled labor? Can somebody fire this duck already?

So much for competitive pay, put that HR smiley face upside down.

Comments from the Ivory tower, what an out of touch D!&k!

mr buy high and sell low speaks - oh save us john and make sure you keep your voice low and act like you have been working all day and night.

Stankey isn't happy his wages aren't going up faster

come november the tables will have turned and everything is going back to the way it was . Republicans 2022

Maybe more taxes should be in short order.
Democrats Scream with Anguish at the Idea’ Disney Will Have to Pay More Taxes.

Please never forget these robber barons Phukin hate you and could care less about your plight Just the fact they make absurd salaries while encumbering the company with almost insurmountable debt and expecting you to make the sacrifice for their misadventures is all telling

Who could forget Zi Rivers, and Pizza Gate? I still have a bumper sticker printed by the Union that says; Zi’s Telephone and Pizza Delivery Service. Every truck at our garage had one on its bumper. Some guys actually dressed like Dominos employees, carrying pizza boxes. Sometime not too long after that, Mr. Rivers passed away; apparently during a stress test.

When is the Board going to realize the Emperor isn’t wearing any clothes?

Don't worry. John Stankey knows more about a living wage than anyone.

want to control wages ...get rid of racists whatever color they are.

Stankey is not really saying anything here. No business wants to see its costs go up. That is vacuously true. It's a nothing burger.

I bet he would love to have employees working for free, except him

How does he justify his pay? Especially after running this company and stock into the ground. All of them are 75% overpaid.
The arrogance is astounding yet not surprising.

Does that mean he’s rejecting his 18% increase? How many other employees outside of Executive positions saw close to 20% well ahead of inflation. OUT OF TOUCH!

AT&T CEO John Stankey’s pay for 2021 rose 18% over the previous year to $24.8 million, per the company’s SEC filing Tuesday.

His base salary for the year, his first full year as CEO, was $2.4 million, with a non-equity incentive plan compensation of $6.88 million. His stock awards totaled $13.42 million, with “other” compensation listed at $643,669.

In 2020, Stankey made $21 million and the year before that he was paid $22.5 million.

yes I am too of how his pay has been rising while no one elses beats inflation.

This is the arrogance of the C suite.
They don't care if you're a new hire or a 2nd level.
You are an expense, and they'd just as soon you quit. Or got fired.
They are so out of touch with the people who actually get the work done and these kind of self aggrandizing insults prove it.
We once had a 3rd level, initials ZR, tell us cable repair techs our job required no more training than it would to deliver pizzas. This was in 1990.
Seems nothing has changed.
They make zero effort to hide their hubris and disdain for us "common" people.
How anyone could care about anything more than their paycheck at AT&T is beyond my comprehension.
We are the buzzing of flies to them.
I've not talked to any of my friends or acquaintances whose employer hates them like T hates us.
And they wonder why they are in dire straits.

Wow! That’s all I can say. For someone that rapes a company for MILLIONS in salary to make a statement about being disappointed in having to pay a few percent more to the workers, who by the way are the ones that make it possible for his salary, is just Wow! What a d I c k !

This is the problem, not employees. $13M to “retired” CEOs.

All Other Compensation ($)(4)
R. STEPHENSON 13,252,617
NOTE 4. This column includes personal benefits, relocation benefits, consulting payments and benefits, Company-paid life insurance premiums and Company matching contributions to deferral plans.

Stankey’s comments come less than a month after AT&T disclosed its executive compensation levels for 2021 in a filing with the U.S. Securities and Exchange Commission.

The CEO’s pay came in at a total of $24.8 million, including $2.4 million in base pay, $6.9 million in incentive pay and $13.4 million in stock awards. The total figure was up from $21 million in 2020 and $22.5 million in 2019.

CFO Pascal Desroches, who assumed his current role in April 2021, had a compensation package totaling $11.7 million. Jeff McElfresh, who has been CEO of AT&T’s Communications division since October 2019, received $12.3 million. That figure was up from $8.6 million in 2020 and $7.7 million in 2019.

Randall Stephenson, who retired as AT&T’s CEO in mid-2020 but remained with the company as Executive Chairman of its Board until January 2021, was paid $16.3 million. And John Stephens, who retired as AT&T CFO in April 2021, received $4.1 million.

A minimum wage of $20 per hour would equate to a salary of approximately $41,600, assuming 40-hours per week over 52 weeks. A $26 wage would factor out to a little over $54,000 per year.