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AT&T Preps For New Layoffs Despite Billions In Tax Breaks and Regulatory Favors (vice.com)
An anonymous reader quotes a report from Motherboard: AT&T is preparing for yet another significant round of layoffs according to internal documents obtained by Motherboard. The staff reductions come despite billions in tax breaks and regulatory favors AT&T promised would dramatically boost both investment and job creation. A source at AT&T who asked to remain anonymous because they were not authorized to speak publicly told Motherboard that company leadership is planning what it's calling a "geographic rationalization" and employment "surplus" reduction that will consolidate some aspects of AT&T operations in 10 major operational hubs in New York, California, Texas, New Jersey, Washington State, Colorado, Georgia, Illinois, Missouri, and Washington, DC. A spokesperson for AT&T confirmed to Motherboard that it is planning to "adjust" its workforce.
While AT&T has yet to come up with a final, formal internal tally for this new round of looming layoffs, AT&T employees worry the staff reductions could prove to be significant, especially outside of these core areas. Managers are being briefed on the plans now, though AT&T isn't expected to formally announce the specifics until they're finalized later this month. The staff reductions were first announced in an internal memo sent to managers last Friday by Jeff McElfresh, President, Technology & Operations at AT&T. This news comes in the wake of AT&T receiving a $20 billion windfall last quarter courtesy of the Trump administration tax breaks. That's in addition to the friendlier environment AT&T finds itself in as a result of the Trump administration's assault on consumer protections ranging from net neutrality to broadband privacy guidelines. "To win in this new world, we must continue to lower costs and keep getting faster, leaner, and more agile," McElfresh told employees. "This includes reductions in our organization, and others across the company, which will begin later this month and take place over several months."
While AT&T has yet to come up with a final, formal internal tally for this new round of looming layoffs, AT&T employees worry the staff reductions could prove to be significant, especially outside of these core areas. Managers are being briefed on the plans now, though AT&T isn't expected to formally announce the specifics until they're finalized later this month. The staff reductions were first announced in an internal memo sent to managers last Friday by Jeff McElfresh, President, Technology & Operations at AT&T. This news comes in the wake of AT&T receiving a $20 billion windfall last quarter courtesy of the Trump administration tax breaks. That's in addition to the friendlier environment AT&T finds itself in as a result of the Trump administration's assault on consumer protections ranging from net neutrality to broadband privacy guidelines. "To win in this new world, we must continue to lower costs and keep getting faster, leaner, and more agile," McElfresh told employees. "This includes reductions in our organization, and others across the company, which will begin later this month and take place over several months."
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Companies never plan their manpower needs based on tax breaks and incentives. Companies look at the work that needs to get done, the money they have, they billing they expect and from there decide how much manpower they need. These companies are not going to hire people to sit on their thumbs doing nothing. So if they have to much manpower, they layoff. Government tax breaks are not going to affect this process.
Architectural plans are like computer source code with a couple of differences: You only compile once.
Bail out? Nah, the country would be way better off if we just auctioned off their assets to smaller companies would would take their place instead of subsidizing their bad behavior.
Anons need not reply. Questions end with a question mark.
The T1000 has nothing on the monopolized market convergence lead to by capitalism, then stagnated by cronyism.
Obamacare brought healthcare to millions of people.
Trump's "Tax Reform" enriched himself and a few of his his billionaire buddies.
So yeah. A little different.
no, health insurance costs did not rise after the ACA. some 'budget' plans which were basically scams were dropped, and health provider costs _continued_ to rise as they had been for years before ACA.
Perhaps they shouldn't have borrowed money for stock buybacks. Wasn't that illegal not long ago?
https://en.wikipedia.org/wiki/Inverted_totalitarianism
Actually, "Tax Reform" under Trump did manage to close loopholes that allowed teachers to write off school supplies. For opponents of "Big Teach" this could be considered a big win.
Move to other countries until you desire governance again. There are plenty of places you can find zero government intrusion into your life. Stop whining, get moving.
I hear Somalia is nice this time of year.
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u