Thread regarding AT&T layoffs

You now it’s the employees fault because they had so much input in buying declining businesses and running them to ground. It can’t be senior leadership or BOD, it’s those durn employees that didn’t execute the master plan. Now, if we could only bring back those successful employees of the past decades. Oh, wait we rightsized them to spread the peanut butter evenly.

And close to 50% decline in the stock price since 2018. Go figure.

“Without facts with a source, like the OP then, it’s all speculation B.S. Headcount may actually increase if the business improves.”

Absolutely zero chance headcount increases over the next 5 years. In fact , in two short years, 40% of the existing headcount will be gone from T, many of which to contractors.

“I call BS on this. Are you high enough up to know these numbers?”

Hey Gomer, read shareholder communications, assuming you can.

The state of the business given to the board by JS at end of fiscal year 2022 has these headcount targets included. This is public information if you know where to look.

Without facts with a source, like the OP then, it’s all speculation B.S. Headcount may actually increase if the business improves.

2024 EOY target is 115,000. 2025 EOY target is 75,000. Once those milestones are complete, most headcount rationalization will be complete.

I call BS on this. Are you high enough up to know these numbers?

Rightsizing had been a long time coming. Management has always been authorized and expected to work overtime to cover workflow shortfalls and continuity gaps.

2024 EOY target is 115,000. 2025 EOY target is 75,000. Once those milestones are complete, most headcount rationalization will be complete.

Randall Stephenson ki-led a cash cow for the company when he first took over and declared POTS and legacy equipment was antiquated. He then proceeded to actively dismantle and discourage customers from ordering it, sometimes with forceful letters until they had their hand slapped. That was before he even had the new fiber infrastructure and VoIP in place. He and Stankey thought they were going to be the convergence media Kings of Hollywood.

Customers never gave a thought to their monthly payments on old land lines, dsl, isdn until he made war on it. What a businessman, ki-l a legacy products making huge profits before the new products were even in place. He was able to retire with his golden parachute while handing the company off to his partner in crime, Stankey and it’s only gotten worse. Cart before the horse, what a legacy of incompetence.

@xix+1qhAeY2f

You saying a pig with lipstick, reminded me of the famous Ned Beatty “squeal like a pig” scene, in “Deliverance” the movie. It’s what employees have felt like the last few years. Used and humiliated!

If rightsizing is over 50%, I’d hate to see a real layoff. How about we rightsize leadership and their compensation packages that caused this mess.

Company trolls, quit trying to spin it with your “rightsizing” speak, call it what it is.
Massive layoffs due to pi$$ poor business decisions by leadership and BOD that has resulted in the world’s largest debt load and liabilities.

The ensuing result, when they finally turned focus back on communications, is decades behind in fiber network buildout, selling of assets, selling companies, stock price decline, dividend reduction, benefits reductions, policy changes for the worse, selling of retiree pensions to an insurance company, toxic workplace, relocations, constant reorgs, loss of meritocracy. They can’t even keep the facilities half-way lit, resupplied or cleaned regularly and the list goes on and on and on.

So tell me again how great the leadership and company is doing again, Because I’m confused by your logic??? I’ve lost a lot of hard working co-workers and friends that had meaningful jobs when this company was a Blue Chip of Wall Street and making huge profits, a little over a decade ago.

Try painting that pig with lipstick and tell me it’s Cinderella.

How many contractors and vendor employees ?

But yet there is STILL over 1,000 employees that are some kind of president or vice president!!!

How many execs can T rightsize for a minimal impact to the operation? It would have a bigger impact to the bottom line. If employee count below exec level has been reduced by over 50%, what number should the final C-suite be?

We keep referring to headcount reductions as the company NOT doing a good job.

But if we are managing to run the business good or bad with WAY less people that is a good thing for the company.

Massive headcount doesn’t equal success.

Employing 200k workers to do the job that should take 75k is bad business.

Right sizing the company.

... because the surest and most obvious sign of a well-run, successful business is a constant decline in workforce.

At least according to Stink

“ If the current headcount sits at approximately 138k then, in a five year period there has been a 108,000 decline in employees from 2019-2023. Unbelievable!”

T execs are calling this a good start. The truth is that the operational impact of recent rightsizing events has been minimal.

@qns+1qhAeY2f

Hard to spin a loss of over 100k employees in such a short period of time for a business that dates back to 1877. Poor business decisions is the major driver for the loss, even with bloat and technology improvements.

If the current headcount sits at approximately 138k then, in a five year period there has been a 108,000 decline in employees from 2019-2023. Unbelievable!

AT&T has been bloated for such a long time. The optimal employee count is 100K.

Link to the numbers

https://www.macrotrends.net/stocks/charts/T/at-t/number-of-employees

Sad to see all these cuts....this reflects a total lack of senior leadership and innovation...when in doubt... cut costs...guess what geniuses,,,you can't cut yourself to greatness. How Stankey and others have kept their jobs through the past 5 or so years is shameful...they are destroyers of shareholder value...time to go...the AT&T BOD is gutless. Where is the accountability???

I believe the current headcount is approximately 138k so, another large % drop year over year. It isn’t because of spinning off the recent acquisitions either because until recently the headcount was always mid 200k from 2010.

47. 29% decline in employee headcount from the years 2018-2022.

Business decisions and technology improvements has serious consequences for most all employees, exception would be the BOD and the C-suite who continue to thrive in headcount and compensation.