Anymore details on the layoffs? They said an expected 10% would be laid off in February. Is that company wide, organization wide?
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@2osn+1k3qKRPL Jen Robertson stated in the open mic this week that there is a surplus of 10% and that notifications will go out Q1 2023, likely February. Straight out of the EVP's mouth.
Pet org chart she has 3028. She added small groups nothing major headcount wise. Maybe you should look it up before spouting out garbage.
Robertson added several groups under her umbrella. She has far more than 3k people now.
RS completely meant tiktok and mobile video. By 2012 Twitter Vine had short video and YouTube had pulled teen viewers away from TV. AT&T had U-Verse with a video on demand library.
This is also why one of the first things we did after buying DTV was revamp the DTV and U-Verse mobile apps to encourage streaming shows to your phone, even downloading your recordings to watch on the go.
"Video is the future. Have you not seen how much tiktok is dominating the content space? Or the number of cord cutters who moved to streaming? Or Zoom replacing in-office meetings? Or the huge new iPhones that replaced the conveniently sized original so we can watch video on our phones?"
RS was referring to TV, as in DTV. In 2012, things like TikTok weren't on his radar (get real) and neither was streaming. And, if you've not noticed, that venture was a colossal failure put us in the death spiral we're in today.
20% throughout the entire company quite possibly by 2028 and that would be really pushing it if you believe this figure. It makes perfect sense because as technology improves, the need for employees is reduced plus natural attrition combined will change the head count.
This place is toast!
The only reason it doesn’t happen the same day cross all departments is HR work load. There is a lot that happens in the background following up all the paper work that you need to answer and sign within certain time and all the phone calls questions about pension COBRA benefits discounts…etc.
In 2019 there was more than 4000 announced and called oin January 15, and a 2nd wave sometime during the same year in management and 1 wave of wiretechs in different time.
@1ixa+1k3qKRPL posted "And that is because Stankey is pushing for an approx 20% reduction overall -- across the entire company -" -How do you know Stankey is pushing for 20%?
There wil be mass layoffs in mass makets
All business units have been asked to cut 10% across the board. Reminds you of the ole GE model, but 10% get cut each year to control cost. Where is GE these days?
Post from TheLayoff.com
Because they are struggling to keep up with layoffs. They can’t just let everyone go at once. The company lays people off every single month.
Video is the future. Have you not seen how much tiktok is dominating the content space? Or the number of cord cutters who moved to streaming? Or Zoom replacing in-office meetings? Or the huge new iPhones that replaced the conveniently sized original so we can watch video on our phones?
What did you think the future was? Running separate copper and fiber pair to every individual house? Adding more fees to every existing customer? Making a fixed wireless connection at every pedastal instead of from the CO?
Expect the percentages.to creep up , if what economists and wall St..are claiming is true, that Q12023 is going to have a severe pullback with inflation still high and consumers stretched thin..
Layoffs after layoffs after layoffs, nearly nonstop since 2017. What a massive failure of a company, run by a revolving door of incompetent leaders, each uniquely incapable of making solid decisions beyond next week or developing a long-term strategy to turn this nosedive around.
At this point, one has to suspect that self-destruction is and has been the goal since RS began uttering "video is the future" ten+ years ago.
Why is this coming out mid-Feb for Mass Markets when it seems like the rest of the company (seen in other posts) is January?
During the open mic Jen said that it would be around 10% BUT that discussions were still ongoing. So the layoffs will be AT LEAST 10% for Mass Markets but likely more. And that is because Stankey is pushing for an approx 20% reduction overall -- across the entire company -- so more will be needed to ultimately reach his goal. So it's either going to be 10% now and 10% down the road, or all 20% upfront. Batten the hatches, people.
Merry Christmas you Filthy Animals
Jennifer Robertson stated today on the open mic call that her org will have surplus announcements go out mid February and will impact about 10% of her group. She has 3028 people in her group so do the math.
The numbers given or specific to Jennifer Robertsons org. So a little more than 300 people for her group.
Who is “they” and how was that communicated to you?
To date all upcoming surplus activity posted on this board is targeted for Jan. That has been clearly mentioned by multiple leaders in town halls going back to the last week on September during the ACE town hall.
Nobody on this board knows the answer to your question.