Can anyone confirm? Hearing that there is going to be a reduction in severance again coming soon because they are unable to get to their soft layoff numbers from RTO and relocations. Even though they just announced a 40 billion stock buyback plan to enrich execs and stockholders. It’s all about filling their pockets, employees be damned.
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Stankey has his paid sycophants suppressing any news of his ageist comments and the survey disappeared into file 13.
Post ID: @1rdq+1wbmrhNF
Re: your post: stuff coming out regarding the CEO lying about relocation funds for managers, the ageist comments made about the workforce and then covered up…
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…did anything ever come of all those ageist comments Stankey made? Was he called out on it? And if so, where/how and what was T’s response?
L1-L3 managers are the cheapest severance; cutting that won't save much. No mistake, this is where they're aiming to make the biggest cuts. However, its only advantage is reducing headcount. It costs way more to reduce craft and upper-management, so we're going to end up with bloated headcount on either end a very lean middle and very little effect on the bottom line. Besides, can't buy back stock if you have to use a bunch of capital to pay craft and upper level severance.
I have a good source that says with Stankey at the helm, ATT is doomed.
“…everyone from leadership to HR leadership has said it’s NOT true.”
It’s actually hilarious that you believe THIS is the reason severance won’t be reduced. Because they said so. This might be the one reason to believe that IT IS happening, and soon. At this point, how can you take any of them at their word?
That said- they are not going to reduce the already below industry standard severance .
Would be incredibly bad PR to go along with the stuff coming out regarding the CEO lying about relocation funds for managers, the ageist comments made about the workforce and then covered up, the organizational health survey administered by McKinsey, the results of which the CEO said would be shared, and were then trashed, the incidents of violence in the workplace due to lack of assigned seats, and the police presence subsequently required… etc. etc.
They’re not going to reduce severance. They’re having a hard enough time trying to convince everyone this is still a great place to work at this point.
This has already been asked in numerous town halls and everyone from leadership to HR leadership has said it’s NOT true.
AT&T has bee firing 2000 to 4000 Americans every quarter year since 2012. Are they still on the quarterly schedule and still firing int the thousands?
It’s coming!
What has Jeremy Legg said about the severance policy?
We had an HR AVP confirm that severance is not going to be reduced from 6 months to 3 months. Earlier he said that 5xRTO was not designed to get people to quit. Take that fit what it's worth.
I think people are already documenting WAY more now than ever before, planning to go to battle. Reduce severance and you will have a lot of people forego taking it and filing legal claims at exponential levels of discriminatory unequal practices. It will turn into another strategy where T saved $100K one month only to have to pay $500K the next month on settlements, multiplied by 10’s of thousands cases.
If Stank is pouring so much money into stock buybacks, there should be more than enough for severance.
I have a good source that said it won’t change in 2025
Good source said it will change in 2025.
They already reduced it once, revisiting it wouldn’t surprise me at all. No benefit has been safe under the Stink. Used to have months before off payroll then severance, now it’s two weeks and lucky to have that.
Been seeing this here for 3-4 years here now.
Bottom line is that their severance
Is already below standard for a corporation this size. Unlikely to reduce it given bad press headed their way.
Oh no, oh no. That’s a rumor. Stankey will never ever cut employee benefits.
They have to pay for the stock buyback/bonuses somehow and it isn’t coming from the elites pockets.
The Stink wants severance eliminated, not reduced! Proof is RTO where he get people to leave for free in droves!
Otherwise legal wants some severance, as incentive/consideration for you not suing Toxic-T.
Nothing surprises me anymore, unchecked capitalism leads to the elite running amok and stripping corporate carcasses.