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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."
Despite the government shutdown, treason, money laundering, collusion with a hostile foreign adversary's criminal attacks on our election are all still illegal.
OK. How are these two different?
Obama: We need Obamacare so that more people will have better health insurance for less money.
(health insurance costs skyrocket that lots of people, including many who gained coverage under Obamacare, cannot afford to actually use their insurance)
Obamacare critics: See!?!? We told you so!
Obama: It would have been far worse without Obamacare.
(Obama goes on to reelection in 2012)
Trump: We need tax cuts to boost the economy.
(economy improves for some but not all)
Trump critics: See?!?!? We told you so!
Trump: It would have been far worse without the tax cuts.
(Trump goes on to reelection in 2020??)
You see, Trump is actually playing out almost the same playbook as Obama. The thing is that he is using the same tactics to promote policies that are the polar opposite of what Obama pushed. That may be why the media and so many liberals are so utterly incapable of seeing it. They are so blinded by their personal hatred of Trump (face it they have no objectivity when it comes to Trump) that they cannot see what he is doing.
All of that to say that Trump's supporters are as fanatical about supporting him as Obama's supporters were about him (Obama). I honestly thought that Obama had overplayed his hand in his first term (Obamacare was just the start) and would not get re-elected. I was wrong. I think Trump is on track for about the same level of overplaying his hand as Obama. If not for Obama being re-elected in 2012 I would have said that Trump does not stand a chance in 2020. Having seen how Obama was able to get re-elected, I would put Trump at even odds in 2020.
Reagan started the "liberals are evil" bullshit to redirect the mindless while needing to raise taxes 11 times in his 2 terms because "trickle-down" aka voodoo economics was such a failure.