AT&T has a substantial portfolio of parents it could sell to raise cash to meet cash flow.

And to think I used to like my job. That feels like it happened a lifetime ago.

https://goodjobsfirst.org/ Where’s all the money?

The company has liquidated every real assets other than employees. There’s absolutely no way AT&T is going to operate with another 30% staff reduction. None whatsoever.

https://finance.yahoo.com/news/elliot-management-discloses-major-stake-205808216.html 170 to 175 billion from the loan they took. It’s assumed the sale of DTv & Warner media was the reason why the debt went from $175 to $135 billion.

Net Debt to adjusted EBITDA ratios are non-GAAP financial measures that are frequently used by investors and credit rating agencies to provide relevant and useful information. Our Net Debt to Adjusted EBITDA ratio is calculated by dividing the Net... — read more 

https://deadline.com/2020/05/att-raising-12-5-billion-bond-sale-refinance-oustanding-debt-1202941560/

https://www.reuters.com/article/us-at-t-debt-idUSKBN21P2I8

https://www.businesswire.com/news/home/20220515005060/en/ATT-Inc.-Commences-Tender-Offers-for-63-Series-of-Notes

John Stankey's knee jerk tomfooleries once again. Stankey really expects everyone to get behind him. Well he's got a bunch of chiefs but the Indians are turning tail and heading for the forests and mountains. JVB and her Kale Celery Smoothies can... — read more 

When the stock drops past 12 It will all be in the past.

For the foreseeable future? After all these layoffs and terminations and people just waking away then what? There has to be massive revenue and expense leakage when you do something so haphazardly. It seems like every big decision Stankey has the... — read more 

I’m a manager still waiting to find out if I’m being relocated, if my spouse & I get divorced can anyone tell me how long they can stay on my health insurance? Serious question so please be kind. Just trying to determine if they immediately drop off... — read more 

Last year it was taking a week of vacation to have us choose health care when we retire or a paycheck. This year you have to move to a city to maybe have a job. Myself, I know I have more calls with overseas clueless coworkers who want to write... — read more 

Does any part of the company as whole show a profit?

Return to the office, only to be told there is not a desk for you. Managers are being told to arrive early to get a drop in space, but some people can’t be there as early for their kids. Seems a violation of EEOC to not have desks available to... — read more 

Warner Bros. Discovery is laying off more employees after cutting thousands of jobs last year as it tries to boost free cash flow. Chief Executive Officer David Zaslav threw his weight behind CNN CEO Chris Licht for a year, only to fire him this... — read more 

It seems like most affected so far are management positions. Is there anyone on here affected in a non management position? Also what wave will non management teams be hit in?

"AT&T needs a management shake-up. Everything has become so stale and stiff at AT&T that the company needs new leadership. John Stankey has spent his entire 37-year career at AT&T. Now, that's a good thing, but it is also a bad thing. How can we... — read more 

They need to cut costs to meet Free Cash Flow commitments, and are doing it by using RTO with relocation to force out workers. Would you be willing to take a pay cut to stay where you are and continue to Work from Home, with a multi-year commitment... — read more 

Current ATT Probability Of Bankruptcy Over 55% On Most of ATT's fundamental indicators

Some areas like Legal, HR and Finance do not suffer as many layoffs as the rest of the company. People with questionable behavior and code of conduct violations are allowed to stay on the payroll!!

3 employees in Anthony Organization raise their Hands be to be surplused instead Company surplus’s 3 employees with 24,26 & 27 years who want to stay. All 3 remaining employees will now retire within 6 months- 2 in the next 30 days. They don’t care... — read more 

This is not the way to deal with that, though. This will ensure that the majority of the best people who have plenty of options walk away. Where and with who will that leave the company? Did anybody stop to think about that? This is another Stankey... — read more 

Suspend the entire student body of 3 schools and bring them all into one. Stankey is a Richard Vernon. This will turn into a Lord of The Flies, Breakfast Club, Stallag 17 situation where kliqs and various factions will form and take over various... — read more 

RTO is certainly a move to reduce the workforce. Many jobs that have been remote for decades, not just since the pandemic, have been told they must report to Dallas or leave the company. No severance. The timing of each business unit has been... — read more 

Stop spending so much energy in the negative. If you didnt get the shank it doesnt mean you won't. We are at different positions in our lives and you work in an environme t when you never know when you are going to get the Stankey shank. This has... — read more 

An AT&T mandate calling 60,000 managers to work in-office three days a week is seen by at least one of them as "a layoff wolf in return-to-office sheep's clothing," according to Bloomberg. The ask coincides with a nationwide effort to consolidate the... — read more 

Anyone have an inside track?

Place your title and region if you were impacted last week here

He is trying to turn this company around, recent moves include; Hubbing and RTO for better collaboration, relocation packages, reducing nonessential employees, eliminating premium benefits like excessive PTO, pension, retirement healthcare, the... — read more 

Quote of a paragraph from a post in a previous thread, “Whew! made through one shoe drop” “Let’s just talk about the real elephant in the room, incompetent tone deaf leadership with well documented and repeated failures. Largest private and probably... — read more 

Don't wait too long or you might find yourself in competition with too many of your former coworkers. It won't ruin your weekend if you go to several job boards (like Glassdoor, Indeed, and similar ones), look through what's available, and send out... — read more 

The new regulations require employers with establishments in New Jersey to pay severance - one week of pay for every one year of service - to all affected employees even when proper notice is provided. If the employer fails to provide the requisite... — read more 

So what that some people have to go back to a pre-covid office! That's what you signed up for. Many of these people complaining the cafeteria is no good lmao! Get over it! You have a place to reasonably go earn your paycheck. You aren't being asked... — read more 

Has anyone heard there will be a reorg in ATS? Or, in the future as a result of RTO?

HC- 152,764

Received my letter and I will be asked to move and can accept or refuse to follow the move. My question is, if I refuse to follow the move, Will there definitely be severance? My move is certainly over 50 miles from my current commute but what I read... — read more 

… not connected to any other states. Currently the heat plus air conditioning usage is stressing it. What is the contingency plan if entire functions are all located in Dallas? Y’all recall it wasn’t that long ago AT&T Dallas was basically shut... — read more 

Who do you think the buyers will be in what will happen to all the employees affected?