Sorry to break it to you, but word on the street is that the layoff numbers are going to be massive. up to 40% in some divisions. Buckle up. They need some good talking points when explaining Q2 and YTD numbers, and this will be it.
20 replies (most recent on top)
can't wait to see the post from the smug a wipes on here cheering this on...good luck su-kas
AT&T new model is same as the titanic sub, $15/ hour engineeers
the Gold Tournaments are awesome!! I hope the execs are enjoying them. How much revenue do those generate for us again?
The big stinky be turnin’ all the Texas tube jockeys into bleep ho-le camel jockeys…and fo’ pennies on the dolla…thanks AT&T.
“The massive relocation of virtual employees is a new wrinkle to the layoff scheme”
Indeed. Stankey Doodle be like “ok Q3 workers must be in Dallas” then Q2 of 24 be like “I want everybody in Atlanta”. Back and forth a few times until nobody left.
The massive relocation of virtual employees is a new wrinkle to the layoff scheme
How many times have we heard on this website that the layoff numbers were going tot be bad this time around and then, a small percentage of layoffs! Granted, no layoff is ever good, but we know this moving forward that this will be the norm for the next 2 years or so! I know it $u-k$ and really hurts at times, but we know what this company is about and how it has operated for the last 3 decades or so!
Stankey his half way to another $20 million dollar payout no matter what happens!
Getting rid of unneeded workers. Right sizing the company.
Word on what street "rumor street?" Noone knows sh!t until it happens.
Down-voters really trust the T? Omg, such a small piece of a brain John kept for them once he stopped su-king their heads.
" Sell the stock or take your chances holding it"
What person with a brain in their head has been buying and holding this stock?
25 plus consecutive years of decline weren't enough?
Sell the stock or take your chances holding it. It will be a rough road for all connected to T.
If you failed to plan you pan to fail.
“Lessons not learned in blood are soon forgotten” reflecting your loss in some form such as money, employment, or health.
T has to continue taking drastic measures or checks are going to start bouncing.
I just wait that message about split or merge will be shown on tabloids soon. As I have read today:
"Because the company is unlikely to produce enough free cash flow to cover dividends and its working capital hole, it may have to choose among these equally depressing options:
Sell assets
Issue shares (dilute shareholders)
Take on more debt"
There is no more options (despite the fact that John might vote for "more debt") that "sell assets".
More work being offshored and contractors.
After the dust settles there will be a bunch of overpaid VP’s left with little skills hiring temps to do their work!
The rest of 2023 could be bad too
Cash flow machine is broken, that spells disaster for everyone.