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.
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