Thread regarding AT&T layoffs

There cant be a plan if the company does not know the path to take. Right now, the company is just reacting to the disasters it created. The only plan I can see is 6 months from now until things "stabilizes" per their standard. Cost-cutting measures by eliminating thousands of employees by itself also create chaos, is T there yet to face that? no, but they'd rather have pennies in their pocket than have good employees. The gov will eventually bail T out.

The C-suite is buying time selling us the story that they are making changes in the business and we will see great results in 3-5 years. Deja vu, we heard that already with TMUS, DTV and TW. We can’t afford another fiasco. Wonder who can stop this. BOD seems like they don’t care.

Don’t make the mistake of thinking the Clown Suite has a plan beyond next quarter, let alone 3-5 years. These shortsighted psycopathic mo--ns are too busy going to golf tournaments, playing dressup for cringe videos, and flexing their power trips. Any Business focus is on quarterly numbers to make certain that they and their rubber stamp BoD get their max bonuses and golden parachutes, especially that sweet buyout bonus if they can find a greater Fool to absorb the debt. The pajama-clad pepper eater has zero problem lighting piles of money on fire and using our bodies to try to put it out, and the overall incompetence and arrogance is on full display to Wall Street. The big money guys know exactly what kind of feckless isiots are in charge, and our share price is valued accordingly, with zero chance of real gains until the current BoD and executors get turned over.

Exec own millions of shares. Plan is to raise stock price inline with massive layoffs to get a better return for the shares bought at a discount while drawing off high pay and bonuses for as long as they can. Then to leave with a golden parachute & $$$ more.

i lack the skill to be an exec. Those there had proven excellence. The only plan is to get all the money they can. On purpose bankruptcy, every person for themself. Don't give your life to T. Few will ever reach retirement; most just give extra life to T. Except for craft that gets a real 40 hour week or OT. Go union.

Despite massive layoffs don’t expect number of employees to go down. T is quietly planning to replace US employees with new hires in India. Simple math here 1 US employee = 7 in India. Who cares about quality.

T should be sued for corporate negligence when thousands of customers data was released to the the dark web. This is criminal behavior.

Enron 2, electric boogaloo. Finance is shredding and deleting millions of documents. Bonuses for the board and SLT. Company is a hollowed out scrap of its former self. Normally, a private equity firm destroys a company’s value for short term gain. In AT&T’s case, it’s insiders… just like Enron. Sarbanes-Oxley scam artists is what we are.

What do you expect from leaders that run around in pajamas and post their recipes. Time for some serious leaders that know how to run a business besides just reducing HC.

next step is to sell corporate real estate at floor level

There is no plan. What do you expect from the leaders who failed us for so many years? Do you think they got a brain transplant recently? Nope, they got dementia and forgot what they did. Like old person with alzheimer’s they don’t realize how crippled they are. There is no cure for that.

It is still several years off but the fiber network investment will have a much improved ROI. Sunsetting the majority of the older copper network, analog equipment and tech along, with much less maintenance, taxes and labor cost, will definitely help the bottom line.

Capex will be much lower after the fiber, fixed and satellite network transformation. Network changes prior fiber mainly involved replacing the equipment because, carriers are still using many of the same copper cables placed 70 to 100 years ago, they mainly upgraded or replaced the equipment.

Free cash flow always goes down first quarter due to management bonuses and execs going on expensive off-site retreats. It’s to pat themselves and each other on the back then, discuss how many layoffs and assets sales they need to keep status quo.

Spreading the human capital peanut butter evenly, NOT!

My 3-5 year plan is to outlast the current failed leadership and hope for some new leaders that want to return to innovating and growing the company. The last few CEO’s only cared about M&A then, running the new acquisitions into the ground before selling them then, rinse and repeat.

"EBITDA is down. Which means expenses need to be reduced."

ATT also spent $25B in capex and revenue went down 1Q23 vs 1Q24. Of course, Stankey then told us that the benefit of today's network investment would not be felt for a couple of years. BTW, I have a bridge to sell you.

The 3-5 year plan is no different than the last 3-5 year plan; strip mine AT&T assets for as much personal gain as possible.

Not complicated.

EBITDA is down. Which means expenses need to be reduced. Offload assets and cut personnel to a level that let's the company still function while raising profit margins.

Stankey will retire. Legg has been spreading rumors that he will be the next CEO

Not your problem anymore.

Meanwhile the companies we strive to emulate are realizing they don’t have enough talented people and are struggling to run the business. The knowledge will walk straight out the door and end up at T mobile and Verizon.

The same guy running the company now was in the C-Suite or CEO for the failed T-Mobile takeover, for the DirectTV and TimeWarner disasters.

I remember the all-hands discussing Game of Thrones (now owned by AT&T) would produce "5 minute episodes" to watch on mobile devices.

Three months later the TW spinoff announcement, and we were back to pipes-only telecom company. What? What happened to all the media plans? Are you the same guy I watched three months ago?

After that I lost all trust in anything Stankey had to say.

What motivates these guys puzzles me. They have money; after a couple of years as CEO they're set for life with no worries about "retirement" or "long term care" for them. I think it's more like a personal game of winning,, floating high above and separate from capex, customer retention and satisfaction, growing subscriber base. The only sure bet is whenever the government offers a subsidy, they'll be holding up the bowl. "Please, sir, can I have some more?"

Grow wireless and fiber subscribers. Reduce total headcount to just of 60K. Just a few more layoffs coming.

Plan this company does not have a plan other than burn itself to the ground. I was laid off and certainly do not miss the daily calls.. every single...day..
I will say until they/y'all get a new CEO with a vision over cut the cord Stankey it'll never survive.
Plus RS still getting million a month for consult and 278k month in pension and blah blah
just make as MUCH of their money as you can and get the he-l out..

God Speed AT&T.

The plan is to grow the fiber footprint in areas that we do not have to compete against anyone and reduce head count regardless of need.

Sadly for T the guy who put us in the position we are in now is still behind the wheel and driving.

This company is lead by uncompetent leadership. Opposite to the stock market, in case of T we can use a forward looking statement that future performance will mirror past performance. What do you expect from company that has long term debt of 123 billion that is growing at 1.6% year over year. Do you thing layoffs will help? Time to change the top and not lay off the bottom.

Asking the real questions