As a cost cutting measure will surplus packages be reduced in 2025 for management employees?
22 replies (most recent on top)
'Stank isn’t happy with the revenue to headcount ratio"
And Stank has proven over and over again that he does not know how to grow revenue.
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When I began with the company, back in the Cingular days, Stankey was the SBC CEO's hatchet man. Whitaker, If there was a division that wasn't performing well or if costs had to be cut and controlled, they called him in. Whitaker, Stephenson, even De La Vega had Stankey working on cutting costs and cutting heads.
He doesn't know how to create. That was never his role. He has always been the ax man. He doesn't have an innovative bone in his body. Customer Experience? Meh. Marketing and Sales Strategy? Meh. Product Strategy? Let's try bundles again (meh).
The guy is clearly intelligent and experienced, but we all know he is not the leader to take AT&T into growth mode.
“ Not in New Jersey! Guaranteed by law“
I keep seeing this confident NJ person stating this. You’re aware that T is manipulating layoff scope and data to purposely circumvent said laws, right? I think you’re in for a surprise if not.
There is someone here that insists on continuing to use the term “surplus packages”.
They get corrected, and then they argue to stop arguing about using the term “surplus packages” , and then continue to use the term “surplus packages”.
Stop using the term “surplus packages”. There are no “packages”. I will correct you every time you continue to do so.
“ Nobody and I mean nobody that comes here to post has any idea“
You sure? You should edit your post to “most” people have no idea.
Because a few probably do. Like me. And again, there are no current plans to alter the already below industry standard management severance plan .
Nobody and I mean nobody that comes here to post has any idea so no matter how much they think or based on or anything like that they don't know they're just blowing smoke,
'Stank isn’t happy with the revenue to headcount ratio"
And Stank has proven over and over again that he does not know how to grow revenue.
I’ve heard about the 30 day cap as well. That’s a rumor that really spooks me because various HR reps have brought it up when I have JA discussions for directs.
"People should quit wasting time about if it is a "package" or not. Totally useless discussion. What you get when surplussed is severance pay, but you are also eligible for pro-rated bonus, which you do not get if you voluntarily resign unless you meet MR75."
Also eligible for CEC- company extended medical coverage for separate employees, which runs concurrently with COBRA (as long as you are not Medicare eligible). Technically, AT&T calls its surplus benefits the "AT&T Severance Plan". So if you want to call it a package or a plan, who cares. But I agree that it is silly to jump on the word "package".
People should quit wasting time about if it is a "package" or not. Totally useless discussion. What you get when surplussed is severance pay, but you are also eligible for pro-rated bonus, which you do not get if you voluntarily resign unless you meet MR75.
“ Not in New Jersey! Guaranteed by law!”
Easy fix. Force relocation to another hub, then surplus you.
Stop using the term “surplus packages”. There are no packages.
I've heard from my wife's conference calls in the other room, that it will be 30 days for everyone that has worked at least 1 year. I wouldn't buy that new car if I were you.
What package? There has not been any “package“ for many years. There is severance pay. And that’s it. There are a lot of rumors about severance pay potentially being cut, but there is no official word on that, and I am close to where I would have heard something if that was being planned. So I don’t believe it to be true. Severance at AT&T is already average at best, and it’s below average for a corporation of its size.
I heard from 6 months to 30 days. We know they’d just love to cease ALL severance pay, so 30 days wouldn’t surprise me one iota.
No such thing as a surplus package. The only "package" associated with surplus is a boot in the azz.
Not in New Jersey! Guaranteed by law!
Stank isn’t happy with the revenue to headcount ratio so expect more “right-sizing” and deep cuts, including to the severance plan.
Rumor on the street is reduction to 3 mos max payout.
No way! Stankey is a good guy and will never ever take your benefits away. He may even raise the severance pay to 1 yr salary since T stock is doing very well.
Word is that you don’t need to worry about the changes because the bast number of employees that will be walking out the door will be either rebadged and rapidly discarded afterwards, or will be terminated for the smallest infractions. Compliance for every single policy you have ever taken a course for says “up to and including termination.” They will be opting for the termination part.
Word is cut in severance to 1 week per year of service and max 3 months. Except where laws require otherwise.
There is no package.
yes