Thread regarding AT&T layoffs

Legacy system says, “The reports of my death has been greatly exaggerated”

Reality vs projection is much different, the C-suite talking heads don’t have a clue about operations, technical migration and regulations. It takes a long time to move a large entity, many moving parts just like the government. The central office is still the hub for all communications including cellular. CO’s are soon to have more MTSO equipment added along with the possibility of Data center too in certain locations.

Fiber was projected in the 80’s to take over all legacy within a matter of a few years, what year is it now? Barely have a little over 33% fiber coverage for the entire AT&T footprint. The big goal now is to reduce copper/analog equipment, transport and facilities to 50% by end of 2024 or 2025. A lot of areas will no longer be served by copper nor has fiber so if available the customer will now be offered fixed wireless. That is a temporary solution due to its capacity limits as confirmed by the CFO and McElfresh in recent interviews. The next best AT&T product for rural or small communities besides fiber is satellite which the company has an agreement with another company (not Elon) but it is in its infancy and not commercially successful yet.

In conclusion: There is a technological shift in equipment, transport, support and products so expect a lot of changes over the next several years including reductions in some legacy areas and hiring in other growing parts of the business. It’s how long lived companies evolve, thrive and survive. Good luck to all and may god bless the company!

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Post ID: @OP+1mtMQlFn

17 replies (most recent on top)

Legacy IT systems are the death of all CTO's at ATT. They all want to trash or rewrite TIRKS(?) and they always fail. No one knows how the legacy systems works so TechM or Amdocs wastes tons of money until CTO "retires"

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Post ID: @2iqm+1mtMQlFn

The kids could have ran the business better than it has been for the last two or three CEO’s.

AT&T has a much lower stock price, dividend reduction for first time, missed financial projections multiple times, selling or spin off of assets at huge losses, massive employee reductions, off-shoring of jobs, adding more responsibilities to already overloaded employees, created a toxic micromanaged work environment, went to a top down management structure, reduced or eliminated benefits, gone to a discriminatory DEI plan to appease a very small minority vs merit based, etc… now tell me again about the CEO’s and how well they have done.

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Post ID: @2jel+1mtMQlFn

so many kids playing ceo in here

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Post ID: @2ymj+1mtMQlFn

There’s still an issue with competition. If we are a broadband company, the competition is going to increase. Cable, fixed wireless and satellite are all competitors. As the company shrinks it will become increasingly more difficult to pay down the debt, pay the dividend and fund wireless/fiber capex projects.

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Post ID: @1bsw+1mtMQlFn

Can you even imagine what our balance sheet will look like with only 85K employees? Free cash flow will be through the roof. There will be raises and bonus money for everyone. Travel will be restored, projects funded, telecommuting restored to it's former glory! Do it now Stankey!!!

I can. It would look like the company is still in 135 BILLION in debt.

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Post ID: @1rct+1mtMQlFn

Even a wild animal won't cr-p in their own bed. This is exactly what Stankey did.

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Post ID: @1wqr+1mtMQlFn

Don’t worry, the elite will get their’s and rugpull the rest of the employees.

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Post ID: @1yzj+1mtMQlFn

long lived companies? t is not evolving thrivjng , barel surviving.maybe if a lemming like you didn't drink all their koolaid you would realize that thr head honchos destroyed thr place with miserably bad deals.

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Post ID: @bxs+1mtMQlFn

BUT, there's still this small issue of $135B of debt! It's no small potatoes! It's a huge burden for T to deal with even if they only have 85k employees!

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Post ID: @nxa+1mtMQlFn

Can you even imagine what our balance sheet will look like with only 85K employees? Free cash flow will be through the roof. There will be raises and bonus money for everyone. Travel will be restored, projects funded, telecommuting restored to it's former glory! Do it now Stankey!!!

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Post ID: @vux+1mtMQlFn

The FCC also regulates communications

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Post ID: @tfw+1mtMQlFn

The company is reducing facilities coverage to the bare minimum to just meet regulations. Then when most customers are have been forced or willfully leave the legacy systems the company will have data for the FTC to remove all regulations. Tough on a lot of older customers but technology moves on, there used to be the pony express then the telegraph. Now it’s cellular, fiber and satellite.

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Post ID: @uah+1mtMQlFn

Wasn't that a John Donovan script?
"We must learn to spread the peanut butter evenly".
He will be forever remembered for this remarkable verbal expression.

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Post ID: @pne+1mtMQlFn

The big question is can they spread it evenly?

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Post ID: @kiv+1mtMQlFn

The trend is a shrinkage in the employee base and revenue stream.

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Post ID: @nog+1mtMQlFn

Many more changes to come, the peanut butter is just starting to be spread.

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Post ID: @saz+1mtMQlFn

Here is a link to one of the new pension changes for some.

https://att.fidelitymicrosite.com/

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Post ID: @agz+1mtMQlFn

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