My team just had that dreaded meeting today, and it was absolutely infuriating. They called everyone together just to announce that layoffs are coming, then hit us with the useless line, “Sorry, I don’t have any other information to share right now.” What the actual he-l is the point of these meetings? Why drag us all in just to dump that anxiety on us when you have zero details to give? It just piles on even more stress for no reason whatsoever.
37 replies (most recent on top)
@12m , whooooa! How do you know about the mug’s thick wood? Are u MacSelfish?
You are as thick as wood and just as intelligent.
@XS You're likely the most uneducated "reply guy" on here. Completely missed the point.
@XS, read much?
The OP was not personally notified about being laid off. It was just a vague general announcement that layoffs would be happening in the near future — which is a completely useless way to communicate something this serious.
@hx , overhyped hysteria peddled via snake oil salesmen to avaricious corporate raiders who play “follow the leader”.
This has to be the most uneducated question I’ve ever heard asked.
Why do they give you notice of a layoff?
Maybe so you can start looking for another job?
@pc I can confirm Southern California Construction & Engineering. Planners, Engineers, Project Managers
Which teams had the meeting?
Why are there pre meeting meetings?
AI is coming. Human will be replaced by AI eventually, no matter how smart you are. Top dog of Wall Street CEO was shocked by AI can replace their top analyst job and felt upset what will be the social impact .
@gx , East Bumblefork.
@eq where is around these parts?
@c5 "As a STOCKHOLDER I want my money to grow"
look here, Rockefeller, your couple thousand shares of T stock are, as you say, dead money. Consider that you'd need to be holding close to $600,000 in AT&T shares to earn a meager 25K a year in dividends. $600K is a lot. Do you actually have $600K in AT&T stock? Doesn't matter though. The only stockholders who matter are Vanguard, Blackrock, and State Street. Stankey and his minions enjoy the perks of working here but even they are only slightly less meaningless than you and the other 99% of private investors who own a share of the 7B shares of T stock.
The only thing that employees and retiree investors need to understand is this: AT&T's net worth as a company is about $180B and it holds about $140B in debt. Dividends are fine, but unless your $500k represents 10% of your overall investments, the 4.4% isn't really worth it. But, let's be real, if you have 5M in holdings, you probably know better than to think that your "fire everyone" approach will magically make stock price and dividends increase.
Go work at Burger King if you wanna have it your way.
They’re trying to figure out what type of cookie 🍪 to get.
Heard round these parts DEG/DLC gonna get hurt pretty hard cause they don’t have much work. Sorry for em.
“I was not able to accept the relocation offer “on my own dime” in Dallas.”
So you quit.
@db Thanks. I just v@mited in my mouth.
So you won’t over spend at Memorial Day sales. Don’t buy that truck.
Come on folks, just live your designation and remember that "people are our most important asset!"
I'll cry just as hard as you bootlick, chief
The meeting before the MEETING is what they refer to as Transperancy!?!? Also, they are hoping many jump ship prior to the paid layoff.
They are on a strict script dictated by legal and HR. They are not able to give you honest information without putting the company at litigation risk. That is all part of being a manager. There are times when it is your job to withhold information and even lie to your direct reports because of lawsuit risks. Not for me.
Already advised I’m getting cut on the next round, off payroll by July 1st as I was not able to accept the relocation offer “ on my own dime” in Dallas.
@c5 you've been investing in T since '98?? wtf is wrong with you?
Never happy.
No notice.
Not enough notice.
Cry harder.
Also, the reason you aren't told who is being let go is to reduce the ability for employees to sabotage the organization. It may surprise you to know that disgruntled employees are more likely to lash out given the time to do so,
@a1 , an additional “benefit” is stoke apprehension & further ratchet up the heat.
Personally. I don't care about employees. As a STOCKHOLDER I want my money to grow and T has been Dead Money since 1998 or so.
Good. Fire everyone. Musical chairs must begin - start the Romper Room Music.
For years people have posted on this site begging to be laid off. Some even ask for tips on how they can be added to the list. Now that layoffs are coming, the crying and moaning has started. Make up your mind kids.
@a3 u sound cray cray
It's waive.
Typical Att to do something like this. I had a similar experience where they announced a surplus (I’m craft) but my manager supposedly had no other information. I called the chief stewart, he knew the details and said my manager was at there at the meeting when they stated the details. I don’t know why he would withhold that information from us.
Just an absolute heartbreaking day ... and this is just the first wave. We have two to three more this year totaling to 30% reductions.
Um, why don't you share what org? This is the layoff board where folks share information so they know what is coming and can proactively plan accordingly.
Didn't you hear that zuckerburg is doing the same thing...and the audacity to think that having a bunker on Kauai is gonna protect him and his family?
Bwa-Ha-Hah-Hah ;-) Plus, the current leadership of the country doesn't care about the financial situations of it's citizens...just making up far-fetched illusions of a foe having we-pons of mass destruction? Or giving itself $2 billion dolllars of taxpayer's money for wanton criminals and heathens?
We've seen this story one too many times folks. The solution is not congress or the courts. The solution is your nearest mirror. Look in it and ask yourself, "Is the best that we can do for ourselves, our children and our country!?!?!"
They don't want to be regulated or pay their fair share of taxes...SO LET THEM MEET THE BLADE, lol. Bring out the GEE-YO-TEENS!
To inspire you. Maybe if I work extra hard for the next month then it won’t be me.
The point is to protect the company. They want to get ahead of rumors, satisfy HR/legal requirements, and avoid accusations that people were blindsided… and if they use the “I don’t have more information” line.. they 100% have more information & know who will be affected.