Thread regarding AT&T layoffs

Should AT&T receive tax breaks and government contracts given the number of layoffs and with moving jobs away from the US?

This is the waste Elon Musk and Vivek Ramaswamy need to be looking at. Federal tax dollars should not be used to prop up businesses that harm tax payers.

Take a look at the bigger picture:

Key takeaways:
AT&T has decreased the total number of offices that roughly 60,000 managers can report to from 350 to just 9

The decision came as a part of the company’s return to office mandate, which follows an extensive period of remote work that started during the Covid pandemic

Many believe that the RTO mandate could be a covert way of trimming the workforce, as many managers won’t be able to report to newly designated offices

The CEO of AT&T, John Stankey, stated that the company expects 9,000 managers to leave their jobs, while internal sources say that as many as 25,000 employees could lose their jobs

AT&T’s financials paint a worrisome picture – the net revenue dropped from $19.4B in 2018 to -$8.5B in 2022, while the EPS has decreased 9 quarters in a row.

https://news.google.com/read/CBMiY0FVX3lxTFBRZ1VPOG4tM0tHS1VVMzZZMUx4bVZEVjl5aFlqZERKZTdwMVdGZ3R6VTFSU0llR1JSVTduLVJKanh1N2ZnOXc5ZFRIaHpKUHE0cGUzWGhzQ2hranFELW9oRS1TZ9IBZ0FVX3lxTFAxVEw3MFhzODdkYkdHUUpnQW5ZdnJkeDh0eTZxbUJ6dlRGc1N4NDRYNXVfSXh2TVVQbWVqVFdOaUJBRUl4WjVFQ1pYRkRFZTI1YzFrXzZ5UUgzeDVlUXdJaE8yLXdqR1U?hl=en-US&gl=US&ceid=US%3Aen

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Post ID: @OP+1vYULg6M

11 replies (most recent on top)

If you can tax John Deere for outsourcing the manufacturing of tractors, you can tax T for outsourcing human resources, accounting, billing, and Customer care.

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Post ID: @1cly+1vYULg6M

The government should not support the betterment of any business that chooses to discriminate against US citizens and Residents, and protection from wokeness needs to be added to the growing list of federal protections for workers. The disease of liberalism needs to be purged from our society, and from within AT&T. Go woke, go broke. Bad choices should have punitive consequences. I will never again fall into the middle of the road rut of live and let live. That has never worked out well when extending the olive branch. Fool me once...

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Post ID: @1kjp+1vYULg6M

"Elon got rid of 70% of workers at Twitter and it still ran fine. Need some Elon here at AT&T."

He destroyed a bigger percentage of company value than JS!  LOL

https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/

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Post ID: @1ulp+1vYULg6M

Per Musk and Ramaswamy, “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome”

If this is their philosophy on RTO, I doubt they’d see much wrong with AT&T’s actions to covertly trim the workforce.

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Post ID: @1wxo+1vYULg6M

Question: If AT&T is contracting with and paying a US company that happens to utilize offshore workers, is T officially considered to be offshoring?

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Post ID: @1xxa+1vYULg6M

Just curious about if T hire offshore resources to do billing disputes. customer information will be exposed? Maybe they do not care about it

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Post ID: @1gmk+1vYULg6M

And if you believe Trump, check out where all his trump trinkets are made.

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Post ID: @puf+1vYULg6M

Federal dollars should be invested in the future of a strong America. This public money should not go to the coffers of any company who is not 100% American in word and deed. Big talk no longer cuts it. AT&T is not too big to fail.

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Post ID: @xpo+1vYULg6M

Stank does not know how to grow revenue. Every company he led had declining revenue. He took over TW and ki-led revenue with his 100% streaming only decision. Since he cannot grow revenue he has to cut expenses. The only real expense he can affect is head count costs. That is why employees have been losing benefits and why RTO was implemented. He is reducing head count costs to try and save his margin targets. He has always stated that we should start seeing revenue benefits from his investments in 2027. If I had to bet, Stank will retire at the end of 2026 so he will not have to deliver on his promised revenue growth.

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Post ID: @iph+1vYULg6M

It really needs to happen as it’s been out of control for a long time. We can’t keep propping up these countries that aren’t really our friends or allies. Not to mention the harm it does to our own people and economy. Eventually a massive pushback will happen from the grass roots when folks have nothing left to lose.

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Post ID: @qck+1vYULg6M

Without current tax breaks T would already be out of business.

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Post ID: @zai+1vYULg6M

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