This lead disaster, debt and poor leadership will set us back 10 years.
In the meantime, be prepared for massive consolidations, spinoffs, building sales and layoffs.
At&t will sell-off the remaining 70% of DTV.
Management is already screwed. Craft will be forced to take austerity or strike when contract bargaining comes up.
Check the investor relation balance sheet... AT&T is still pulling down $120B in revenue per year. Just needing to control spending. Not even close to going bankrupt. AT&T will just need to get total HC below 100K and they will be just fine.
You cannot file bankruptcy while paying a dividend. A bankruptcy judge would not allow that.
Layoffs while continuing to also hire has always happened since SBC took over, most unneeded buildings or other assets have already been sold. The recent RTO and consolidation will bring about more bldg sales or not renewing leases and management reductions. Occupational has borne the brunt of downsizing through layoffs and attrition for years, it’s now time to address management bloat. Yes, it mostly due to RS/JS, their complicit cohorts and the BOD.
For reference, in my local area there is only one I&M crew left doing what used to take 5 crews doing the same job 10 years ago. Many CO’s are now unmanned when not many years ago they were full of ET’s, frame attendants and managers. Technology, finances and less customers are the main contributors. Everyone has to do more with less with little to no training.
Technology and AI is reducing a lot of positions, the company can’t afford to keep nonessential or non producing positions anymore. There are way too many unnecessary management positions and the company has no choice but to flatten levels, consolidate, increase span and control. A better managed plan would have done this a long time ago over a period of time, another leadership fail. It’s painful but now they have to reduce by large numbers to remain viable.
AT&T is in massive trouble and a good portion of its employees seem like they're in denial about the stark reality.
Union Bargaining is an ongoing process because there are many contracts and nearly all expire in different years or dates. Here are a few examples;
The Midwest CWA District 4 (D4) wireline already has had their contract settled and extended by 4 yrs. Into 2026. The Southeast CWA D3 wireline contract is up next year in August of 2024 but it should mostly follow D4’s extension. CWA Mobility Orange contract is settled and is in effect till Feb 13, 2026. CWA Mobility Black contract is settled and in effect till Feb 11, 2027.
Facts are easily looked up on the web, too much wild speculation being made by up the uninformed or short sellers on this site. Shame on you for fueling unnecessary anxiety and stress on other employees or stock holders.
AT&T won’t bankrupt it will disappear and your investment in this company will vanish in thin air
Management Kept rhea scam going for a long time, but fortunately all good things come to an end.
Maybe not bankrupt but was always told if you owe more than you make. Then you are broke. Att is broke.
AT&T has been around for 29 years. The stock including dividends as of last week has a return of freaking zero. this is not a joke, this is real...do math yourself
with the lead cable debacle are they going to spend money renovating offices to accommodate thousands of employees back to the office?