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?

Comments

Trickle down economics doesn't work

[rsilvergun]

And everybody knows this. What's crazy is that 32% of the population still support this bill (I'm not counting the 1% of the 33%). On the other hand 60% of Americans live paycheck to paycheck. Sure, the $1.5 trillion in new debt from this bill is already being used to by Paul Ryan et al argue for entitlement 'reform' (e.g. taking them away from anyone under 55). But you know what? A lot of us are just trying to make it until our kids are on their own. Sure, best case this is $200/mo in your pocket per person. But if you and your wife both suddenly have $400/mo that's a car payment and gas.

Bills like this take advantage of the desperate situation most Americans find themselves in. What sucks the most is, that entire situation is completely by design...

Re:Trickle down economics doesn't work

[140Mandak262Jamuna]

Whatever you are smoking, get more of it. It seems to be a doozy.

If government takes the money it will spend it in America. Even if it is a waste, white elephant boondongle bridge to nowhere, it is money spent in America. Every dollar spent by X is a dollar earned by Y. This will stimulate the economy.

Give a microscopic tax cut to the actual citizens and give billions to corporations (who are people), they will invest it in India, China, Taiwan and other places. We will be empowering economies to compete with us, while sapping the Americans of the energy to live and consume.