REUTERSBUSINESSJAN 26, 1998 3:14 PM
AT&T Confirms: Up to 18,000 Layoffs
NEW YORK - AT&T Corp. on Monday announced plans, as expected, to cut 15,000 to 18,000 jobs by the end of next year in a bid to become leaner and more competitive.
In a meeting with Wall Street analysts, AT&T
what a joke - att has been restructuring for the last 30 years - shows you leadership has no clue what they are doing.
Now that’s pretty damn funny
I have been whining since 1998. Damn, didn't seem like I've been whining that long.
The current AT&T is SBC. The AT&T in the article is long, long, gone.
I am glad that I am gone.
One major different difference between that time during Armstrong and today under the Ratty and Stinky.
Back then, we had a stratagy of building up cable assets, getting into the wireless business (McCaw). But the BoD could not understand the financials of WorldCon and how Bernie Ebbers was making such good margins. So the BoD forced Armstrong out, sold all the cable and wireless assets off for a shiny nickel, began the massive layoffs, and set T up to be bought by SBC.
The BoD did not know that Ebbers was running the biggest fraud in American history, well up till that point.
The other difference was that Amrstrong, unlike the Ratty and Stink was not a metally ill megalomanic that only wanted to fill his back account and make employees miserable. Armstrong was not the top of the CEO Wall of Shame.
Same sh!t, different day!
And this sbc deekzooker thinks it’s funny…
Lol. 1998… please try harder.
Any of you newbies starting to get the picture? Fvcked up company and still the same old bellhead management in charge.
Some things never change.