https://www.lightreading.com/ai-machine-learning/at-t-seems-on-a-mission-to-be-a-zero-employee-telco
21 replies (most recent on top)
until there is a change in senior management it will always use layoffs as creative financing along with a way of managing people and forcing cr-p down their throats.
Got my walking papers today. I turned around and applied for two neat jobs within at&t. Hope to snag either one. Interviews next week, wish me luck. I want to retire with about 40 years, I have 17 now. It's hard to get at&t money anywhere else!
Big, beautiful debt to make AT& great again.
AT&T's mountain of debt isn't getting much smaller, either. Ten years ago, when annual revenues were about $8 billion higher than they were in 2022, AT&T recorded about $69 billion on its balance sheet in long-term debt and a debt ratio of 45%. Today, its long-term debt is about $126.7 billion. It's a small improvement on the $128.4 billion it had at the end of last year. Yet AT&T was reporting a debt ratio of 55% back in June – up ten percentage points on the 2013 figure – at a time of high interest rates and inflation.
The person above working since 1984 is the main problem on why this is happening . Old people need to stop milking the cow and need to retire so the young ones get a chance like they did. Leave!
As Jeffie always reminds Stankey, "you can't cut your way to prosperity". However, evrytime Jeffie says this, Stankey snarls like a mad dog ready to attack.
got mine today, surplussed
Whoopdie Doo! It’s been going on for the past 23 years with a few years of reprieve here and there. Same sh-t different day.
“ T-Mobile runs their company with half the workers AT&T has. What do all these extra AT&T workers do?”
T mobile doesn’t have a wireline business either and has limited infrastructure compared to ATT. Field operations is a huge part of our headcount and costs. We own most of the d-mb pipe as it were.
AT&T had been downsizing since I have been here in 1984.
By contrast, investors were applauding John Stankey, AT&T's grossly overpaid CEO (US$22.9 million last year in salary, bonuses and stock) for his management efforts
Yes, thank you for sinking the stock. What a great job.
Good summary of how this place operates.
T-Mobile runs their company with half the workers AT&T has. What do all these extra AT&T workers do?
AWESOME!!!
They will never admit that you can’t cut your way to corporate health ( as defined by Wall Street) . Layoffs will never , ever subside here. Once the 75k headcount milestone is reached, the compnay will continue to shift jobs to contractors, push customer interactions to AI and sell of business units. You won’t recognize this company in 24- 36 months.
We don’t need to do mass layoffs to keep going down in headcount. Just do not backfill retirees.
Such a change from “Employees are our biggest asset” to “kick em in the re-r harder”
Can they do that?
You know that’s right!
T can’t PROFIT their way out of DEBT!
Unless the C-Suite is going to take a drastic CUT in pay and CUT their bonuses.
I doubt the C-Suite will “take one for the team.”
Therefore, loss in headcount it is!
Makes sense. T has needed major headcount reductions for decades. So many employees have very little ROI.
Zero employees? Wants to shed 60K in 3 years. AI is taking over