Thread regarding AT&T layoffs

Put the blame where it belongs

In 2010 ATT, was still growing and then “we” decided to buy TMobile which failed and created a new competitor since we had to pay then nearly $3billion breakup fee. We then purchased DTV and Time Warner Media for almost. $150 billion (including debt), which were terrible purchases considering both companies had already hit their peak. Meanwhile TMobile restructured to become a player and others focused on their core business. Randall Stephenson gets $100 millions + golden parachute so sc--wing ATT up and then his boy John Stanky takes over. What does he do? Replaces the head of HR to make it easier to fire people, create a RTO policy as a guise to not pay massive surpluses as they did just a few years to save money.

The problem is these two have sc--wed over thousands of people, and they get to ride the private jet while destroying the company stock, while we are struggling to keep our jobs.

The point stop blaming each other, ATT leadership su-ks and if you can, it’s time to move on.

by
| 1236 views | | 22 replies (last ) | Reply
Post ID: @OP+1qYhGuH1

22 replies (most recent on top)

“ He then instituted a RTO policy to avoid paying surplus packages to people who have given their lives for this company (mostly level 1s and 2s).”

How are they avoiding surplus? My wave 2 letter says if I decline move I will be surpluses with appropriate severance. Do you mean they’re just avoiding giving generous “packages” to leave? Those haven’t happened for a decade

by
| | Reply
Post ID: @1icj+1qYhGuH1

Favoritism still alive and well at T.
Exec called this site “toxic” but maybe he should read it bc a lot is the truth. Granted - not all - because some are so angry or post non relevant stuff. But many are sharing their true feelings / reality. Because leadership has their minds made up on “who is good” based on favoritism (not results) then maybe they could spend some time reading some posts to address some of the concerns of smart, hard working people.
These same people can’t raise the issue because there would be significant backlash.

Hotlines are crooked/complaints get disregarded , HR has to side for company (it’s their job) and even the Inquiry took that allows people to send their question or concern is no longer anonymous. It used to be but company changed that so they could retaliate on anyone who raised an ugly truth.
Maybe the company should give a safe platform for employees to share real goings on on company but until then, the is is where people hear from real people working in a horrible work environment — and yes we can leave but stay for the money. That’s not a crime — it’s survival to live and support our families. Instead of the “dont like it leave” mentality, how about “hear what we’re saying - listen to what we’re saying - but allow us to say it in an environment that is anonymous and safe — not an employee survey that is monitored, reports provided on who responded and “spun” by am outside firm about “how great we’re doing”.

Until then… real people coming here to support one another.

So execs should “take a read”, maybe they’d get some helpful feedback.

by
| | Reply
Post ID: @1odb+1qYhGuH1

Wow, it took you over 10 years to figure out that was a failure. Talk about slow.

by
| | Reply
Post ID: @1tbi+1qYhGuH1

A more true post has never been written here.

What I find fascinating is that everyone knows that Randall and Stankey are mo--ns and have tanked the company, but no one of any substance will say it and upper management refuses to acknowledge it while they continue to make poor decisions.

I guess it’s because they’re afraid to speak up and risk their jobs, so it’s just an unspoken truth that everyone accepts that management is bad, but we keep collecting checks and grinding on.

In private it comes up and everyone agrees that they absolutely hate the incompetent non-technical management of this company but nothing will ever change.

It’s sad, and depressing.

I recall a story I heard that when Stankey showed up to HBO they quickly found out he was a tool and an over-paid mo--n when it became evident he knew absolutely nothing about the media landscape or about running creatives…unfortunately a lot of people in tech are also creatives and we see this same clash now with legacy management trying to pass down rigid directives instead of letting teams actually implement best practices.

This company is going to fail.

by
| | Reply
Post ID: @1qfw+1qYhGuH1

The dividends alone for the stock is more than any bonus you will ever receive.

by
| | Reply
Post ID: @1wdx+1qYhGuH1

Go to the following site. https://investors.att.com/financial-reports/sec-filings
See how much your leadership is being given in stock for their wonderful work. How much is your bonus this year?

by
| | Reply
Post ID: @1xan+1qYhGuH1

The total cost of the failed T-Mobile purchase was $10 billion. The cost was placed under Marketing in the Financials.

by
| | Reply
Post ID: @1ygb+1qYhGuH1

Spot on summary...Randy and stinky destroyed a once great company. Travesty that Stinky is still here....the ATT ship is taking on water and we have the same, incompetent captain. HBR will do a case study on T for value destruction by top leaders....

by
| | Reply
Post ID: @slv+1qYhGuH1

I think the blame lies with "Randall".

by
| | Reply
Post ID: @bls+1qYhGuH1

“regarding the DEI stuff . . . I wonder how Desroches justifies shutting down Atlanta, the city with the highest percentage black population in the nation?!”

This started with Randall to slowly consolidate everything to Atlanta.

That’s the point the senior executives don’t care if you are White or Black or about DEI.

by
| | Reply
Post ID: @rhi+1qYhGuH1

"John Legere - now that was a real leader."

And ironically Legere started his telecom career at legacy T.

by
| | Reply
Post ID: @eja+1qYhGuH1

regarding the DEI stuff . . . I wonder how Desroches justifies shutting down Atlanta, the city with the highest percentage black population in the nation?!

by
| | Reply
Post ID: @ngb+1qYhGuH1

AT&T not buying T-Mobile is probably the best thing that ever happened to them.

John Legere - now that was a real leader. Dude was decked out in pink whenever he went for walks in Bellevue park. You could walk right up to him and chat with him. Super chill friendly dude who wasn't scared of feedback. That's what it means to believe in your company, and boy did he energize his workforce.

Meanwhile, Stankey locks himself in his office and the only directives he issues are the logs he flushes down the toilet.

by
| | Reply
Post ID: @orc+1qYhGuH1

I believe the separation penalty with T Mobil was closer to $6B . . . roughly $3B in cash and another $3-$4B in spectrum.

by
| | Reply
Post ID: @xbx+1qYhGuH1

This stuff is crazy (if true) can’t believe it’s not being reported on…smh

by
| | Reply
Post ID: @htb+1qYhGuH1

But DEI is a distraction, don’t you it, unless you are the top 8 people on ATT, we are going to lose our job because John is still on top. The dude got rid of the head of HR changed policies to make it easier to fire level 3s and higher. He then instituted a RTO policy to avoid paying surplus packages to people who have given their lives for this company (mostly level 1s and 2s).
He’s the devil.

by
| | Reply
Post ID: @pyr+1qYhGuH1

There's the cause (shhty leadership) and then there's the path forward. DEI stands in the way of the path forward (and was put in place by the same leaders that put the company in the ditch)

by
| | Reply
Post ID: @lle+1qYhGuH1

“Why did you continue to stay if so concerned over these past decisions?”

Made decent money, laziness, etc. but I’m now interviewing to get out because the writing is on the wall, enough of my boys have been let go, it’s coming.

by
| | Reply
Post ID: @mio+1qYhGuH1

I don’t disagree or agree but the problem is not some program that appeases some liberals, the problem is the head of the ship.
“You're not wrong. But that doesn't make DEI program.”

by
| | Reply
Post ID: @kzd+1qYhGuH1

Why did you continue to stay if so concerned over these past decisions?

by
| | Reply
Post ID: @cun+1qYhGuH1

You're not wrong. But that doesn't make DEI programs a good thing.

by
| | Reply
Post ID: @cnw+1qYhGuH1

John Stanky is a psychopath. He does not care about who he lays off, before his promotion to CEO he was known as the most cut throat executive going to layoff first to save money.

by
| | Reply
Post ID: @scn+1qYhGuH1

Post a reply

: