Comments on: AT&T lays off 12,000
The telecommunications giant cites economic pressures and a changing business mix in making a reduction of 4 percent of its workforce.
The telecommunications giant cites economic pressures and a changing business mix in making a reduction of 4 percent of its workforce.
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I know times are tough, and businesses have to make some hard decisions, but make a harder one and absorb 3 weeks of payroll, and announce after the holidays, so that these folks can actually enjoy the season without having this hanging over their heads.
I also think there may be another 4%, probably more, come 3Q09. AT&T is moving in a strategic direction of merging all under one...One AT&T, so Mobility (wireless) will be the kingpin. That will be blamed on the economy as well, to take the focus off the corportion, and appear to be an economic driven plan. It's not, don't be fooled. It is shareowner driven, and since the stock has been flat (for the most part) and wireline is going to continue to decline (simply part of the technology transition), the only way the company can see to drive the stock value is to reduce expense....employees. A LOT of this expense is really because of bad decisions, but it should be noted that chasing technology can end up wasteful as well. By the time you can successfully test/implement changes...too late. You are now behind the times.
I understand why these cuts may be necessary, but I still wish they'd just shift all these workers into support and make their product support a lot better.
I would advise them to keep their employees. These employees have their families.
There must be a way to cut costs, such as reduce executive pay, or reduce advertising.
These are the people who need help, and not the CEO's, because the CEO's have enough funds to cover them.
Where has gone that humility of mind that America once had?
Where has gone that bowels of mercies that America once had?
Where has gone that real daily life "In God We Trust" which American people lived.
Maybe we should have had "In God We Trust and Obey."
1) Dead wood
2) Old people
3) People at the upper end of their salary range
2.5 million homes in the process of foreclosure..... millions more when the wholesale closing down of the rest of the economy kicks in, and Bernanke and Paulson want to take "some kind of action" to stem the number of foreclosures? Hmmmmm.
Well, they'll probably cut the mortgage interest rates a half point -that'll help those pennyless out-of-work chumps standing in breadlines. Hooray! Geniuses to the rescue!
Don't these people have cranial proctologists available to extract their heads????
Sacking 12,000 even as they plan to add positions in other areas, suggests they have no re-training plans for existing workers -- and as others suggest, hire cheaper contractors.
But I could save them even more money: outsource the management to India!
Confused? Think of a synonym for the anal orifice! In addition, I sincerely believe that
ANY COMPANY THAT "OUT-SOURCES" JOBS FROM THE USA SEEKS TO UNDERMINE
THE ECONOMY OF THE USA; AND, THEREFORE, SHOULD BE CONSIDERED TRAITOROUS...without exception.
the 'A' in AT&T really stands for! Confused? Just think of a synonym for the anal orifice.
In addition, ANY COMPANY THAT OUT-SOURCES JOBS FROM THE USA UNDERMINES
THE ECONOMY OF THE USA; IN TURN, UNDERMINING THE SECURITY OF THE USA!!!
This is tantamount to CORPORATE TERRORISM, and TREASON given the present state
of the American Economy! When will the drugged, hypnotized, and CREDIT-ENSLAVED Americans rise out of their torpor and demand that their government make the practice of
OUT-SOURCING JOBS ILLEGAL???!
- by daviddohoney March 15, 2009 9:00 AM PDT
- At AT&T one of the most arrogant, greedy and deceitful companies in business, no surprise, except that they haven't gone into the sub prime banking business.
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