History repeats!!
Welcome back to the late 1800’s, the “Gilded Age” of the “Robber Barons”. The Corporate Elite are allowed poor performances and ravaging companies with impunity while, large compensation increases and bonuses are the norm. The employees, their families and communities suffer the consequences of leaderships failures while living in their dystopian world, where the norm is, changing of work rules for the worst, toxic micromanaged organizations prevail and layoffs are continual. Other contributing factors are the social ideals of discriminatory DEI and ESG which, has become more important corporate governance than, merit and best person for the position to build a more profitable business..
AT&T has had massive layoffs/attrition (120k & counting) over the past 5 years with the loss and reduction of many benefits including, increasing premiums and out of pocket expenses, retirement, PTO, off payroll date, post retirement life insurance, etc.. There are many policy changes that only affect employees below the C-suite and now forced relocation (if you want to continue to be employed) without any assistance. Many assets and companies have been sold or spun off, R&D is virtually non-existent, the culture has been changed and the emperor has no clothes, only pajama’s at Christmas. It’s a prelude to his retirement, PJ’s and diapers while talking to Mr. Ed’s favorite horse, Randall at the consultant table.