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AT&T Sheds Thousands of Employees After Touting GOP Tax Plan, Giving Out Bonuses (appleinsider.com)

Prior to Christmas, AT&T and DirecTV gave layoff notices to a large number of landline, legacy service, and home installers spanning the country. "It is not clear if the firings relate to the pending AT&T and Time Warner acquisition, or how it specifically relates to the announcement that the company was giving $1,000 bonuses to 200,000 employees in commemoration of the tax overhaul signed just before Christmas," reports Apple Insider. Slashdot reader deadwill69 writes: Just more doublespeak after they announced their bonus program to justify the tax cuts. Seems they really didn't mean it after all. "Technology improvements are driving higher efficiencies, and there are some areas where demand for our legacy services continues to decline, and we're adjusting our workforce in some of those areas as we continue to align our workforce with the changing needs of the business," AT&T said in a statement to the Chicago Tribune. "Many of the affected employees have a job offer guarantee that ensures they'll be offered another job with the company, and we'll work to find other jobs for as many of them as possible." Let's hope they keep that promise. On a bright note: their service really couldn't get much worse?

2 of 105 comments (clear)

  1. Why are you ignoring the hiring? by SuperKendall · · Score: 4, Insightful

    Over 200k people got bonuses (and also lower taxes), that's much better than a few thousand being laid off.

    It also does not detract from the many other companies that gave bonuses also...

    Meanwhile AT&T is also hiring into new positions, why is that not factored in? Some jobs will always be lost, and others gained. That has nothing to do with the tax bill - they will ramp up hiring as they already said: "Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows.". It's still a net gain of workers in the end.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  2. Re:Trickle down economics doesn't work by Dutchmaan · · Score: 3, Insightful

    So you're asking for evidence about the GOP using their tax scam to attack social services (something that has been fully PREDICTED for decades) and THEN proceed to say "Democrats created a welfare state by telling black women to kick out their men." while not OFFERING any evidence....

    Essentially you make up the "What's crazy is that 32% of the population still support this bill (I'm not counting the 1% of the 33%)"