I think the obvious answer is yes - simply to hasten layoffs. But I’d like to hear other perspectives.
AT&T pension benefit litigation, possible class action
Meanwhile, over in California, AT&T hasn't been able get this case dismissed in a few attempts to do so. Trial starting this November. See https://www.cohenmilstein.com/case-study/att-pension-benefit-plan-litigation Case 20-7094 Scott v at&t
Has Anyone Received Severance pay
Since RTO was first announced?
Litigation Flood Gates Have Opened
https://www.tmcnet.com/usubmit/-law-offices-frank-r-cruz-announces-investigation-att-/2023/07/14/9848689.htm
who would want to buy T stock now?
Besides pending massive job cuts to decrease operational costs, and a dividend that is now very uncertain, what is there that could attract any stock buyers? Especially since the stock comes with so much risk and baggage, not the least of which are... — read more
It's Official I'm Retired
Finally Moving to Portugal next week.. good luck and success, especially when starting your new endeavor or journey!
AT&T's OFFICIAL RESPONSE
Our Risk Management teams are working with the Telecommunications Association, as we have been unable to confirm the information reported by the Wall Street Journal because we do not have access to all of the data, metrics or methodology used... — read more
What companies will hire AT&T employees
For the management or professional services employees: What companies have you interviewed with that you have a good chance getting? Having T on your resume longer than a few years seems like a liability. Do we have a chance at FAANG/GAMAM? For the... — read more
AMAZING! Payroll pays AT&T Debt
AT&T has let go of 77,400 employees in just 4 years. with this AT&T has cemented its reputation as the telecom world's most enthusiastic cutter of jobs, they RIFs in 4 year cycles. Roll the clock back to late 2017, AT&T employed around 280,000... — read more
ABC Process
If JS had been doing the COR, abc process, then he wouldn”t have this company in such shambles! Too late for a PIP, BOD needs to take it too final vote of “you”re fired”! and move forward! Main issue, too man Chiefs! Or better yet another “private”... — read more
Very worried, have a mortgage and responsibilities, I work hard and do 120% why not JS and BOD do their jobs
I am tired, situation very depressing and I can’t sleep or stop thinking of what will happen to us, I am going to Dallas in September and leaving my family here, and yet this company and leadership are not trustworthy to make this big more
So many posts on ATT. What's been going on?
I'm seeing many post regarding ATT. What's going on? Anyone want to summarize it for me?
If you plan on leaving the company ..
I think this is a very important point for those considering leaving the company and not coming back .. use all your unused vacation time before giving notice of your immediate resignation. Let's be honest, this company is on life support and likely... — read more
When is BOD going to vote to terminate Stankey?
How low does the stock need to go before BOD addresses the problem?
What happened to Lehman brothers employees and the pension and other benefits when the company disappeared in 2008?
Any one know what happened to Lehman brothers employees pension and benefits after meltdowns? Just to know what could happen to us in AT&T
At&t is not going bankrupt.
This lead disaster, debt and poor leadership will set us back 10 years. In the meantime, be prepared for massive consolidations, spinoffs, building sales and layoffs. At&t will sell-off the remaining 70% of DTV. Management is already screwed. ... — read more
Pension Plan Annuity Buyout (Athene) – Follow Up
Hello Folks, From my Earlier post on Monday (07-10-25), I wanted to share a follow up. For those of you who are impacted by the Transfer of Pension Management to Athene (From AT&T). I had stated that the "Welcome Kit" being sent out via US Mail... — read more
What's Next?
Next week John Stanky will announce a new Gimmick to Get People Interested, a new distraction to obscure financials right before quarterly results. Probably a A marketing scam to trick and divert attention from the historic decline of AT&T stock... — read more
AT&T will most likely disappear by end of 2024
Evaluating the company numbers, assets, debts, liabilities, cash flow, and network and services situation Add to it a long line of class lawsuits with the new scandal This company will not find a buyer or bail out , it is just too much risk for... — read more
LINEMAN VIEW.. they knew!!
Yep, I installed and terminated thousands of miles of that toxic cable back in my days, when I was working for AT&T it was well known that there were vast swathes of our older areas where the aerial cable was lead-sheathed. Not only is it a... — read more
Bankruptcy warning signs
Warning signs to watch for include: Continued decreases in cash flow. Low cash or capital balance. Departure of key management or employees. will be interesting if they are able to pay all the debt coming due this year. Inability to... — read more
Most managers…not all
They get soooo upset when the asked to work. Anything more than shuffling paper, sitting on endless conf calls, and sending useless emails. They begin to meltdown.
Severance Prediction
The writing is on the wall. Now with the lead situation, responsible or not, class action lawsuits will target T. Faced with already a heavy burden of debt and now potentially 60 billion more to clean up, T is headed towards bankruptcy. Bankruptcy... — read more
Know we know…
All of the positive survey results that came out year after year. It all makes sense now. These numbers have been severely skewed in a positive direction by those in jobs working from home, doing very little work, and getting paid very well for... — read more
If you want my opinion stankey
I think people know by now that working at AT&T isn't worth it . ...........or enjoyable in the passage of time .
A sinking ship
If you are not looking for a new job and have decided to stay at T even after all of this, then say hi to the Titanic on your way down for me. That's how low this place is about to sink. I can't understand those of you who don't see that and still... — read more
Comcast merger
Stanley made a mistake selling warner. It was a mistake buying it but the idea of being big has merits. Nobody would buy att with their debt other than a rival that would benefit by their being gone. Att would also benefit by returning to a near... — read more
Information on stock drop.
Got this information regarding AT&T stock problems from a trading platform. Quote: "On July 14, 2023, Bloomberg reported that AT&T faced "potentially high costs" if the Company is required to "clean up contamination due to lead-clad wiring... — read more
Mayday, Mayday. Abandon ship.
Perhaps not since the captain of the titanic has 1 man single handedly caused such a massive disaster. Randy is his name. Losing $100 billion, now added to T huge debt load, and likely taking down the huge USS ATT is his claim to horrible fame. ... — read more
Fiance lady fired for not reporting to Dallas office
My friend in Finance was just given her walking paper for not "living her designation" She was assigned to Dallas but lived over 2 hours away, she worked from home this week, and now she is gone. One of her team's top performers. It's just stupid!
Way to close Friday
$14.50 nobody could have ever predicted that.
Stephenson: San Antonio to Dallas move will help us save on private jet costs
There are 25% more pilots today than there were then, plus additional cabin crew. Did Randall lie?
Layoffs
Heard notices went out today in a few shared services organizations. Off roll by end of month. I am still in touch with friends as I left last year.
Petition for Elon Musk to buy AT&T, in $50 Billion
One of the primary reasons AT&T is in the quagmire for the past 20 years, is because management and executive leadership's being so inbred. They only promoted from within, and never went outside the company for talent
BUY THE DIP 📉
Soon T will be less expansive than a meal from McDonald's and NOW is the time to buy! As a shareholder, you will be made whole (and then some) when the company is acquired by the government.
Do we need a lot of these Departments. ?
Let’s shake things up here . Do we need a dept that just puts out branded clothing ? How about webcasts are they needed? What areas of the company would you cut?
Sell the T shares you have immediately before the titanic is under the water
If you think the share will improve you are dreaming, this company is going to one direction only to bankruptcy Save what you can save, the titanic is sinking
ATT Debt is Greater Than Market Cap
AT&T long term debt for the quarter ending March 31, 2023 was $123.727B. Market value as of today: $103.8B. This company is upside down.
Congratulations To Stankey, McElfresh & The Gang
Congratulations to the Marching Mo--ns of 208 S. Akard! You've successfully managed to bottom the stock out to a year-low, with a share price from the 90's! Well done!!!!