Quoted in Trump's State of the Union address: Read the excerpts. (Milwaukee Journal Sentinel, 1/30/2018)
AT&T. 200,000 workers each receive a $1,000 bonus. No more.
200,000 AT&T employees (coulda been more, as you'll see below)
9,000 Sinclair employees (coulda been more, as you'll here)
+11,000 Am Fam employees
220,000 TOTAL
Original 12/24/2017 post, "Company talking about reducing its workforce by one-third gives $1000 bonuses to its employees", starts here.
2016 salary compensation info found at salary.com
AT&T hands out bonuses to 200,000 workers, pink slips to 600 others. (Chicago Tribune, 12/22/2017)
In other words, job creation is not a part of their game plan. The Dallas-based telecommunications giant would not confirm the scope of the layoffs, but it acknowledged in an emailed statement Friday that it was making “workforce adjustments” in its declining legacy services.
Related reading:
AT&T looking to cut 80,000 jobs in 5 years. (FastCut, undated)
Gearing Up for the Cloud, AT&T Tells Its Workers: Adapt, or Else. (The New York Times, 2/13/2016)
If you don’t develop the new skills, you won’t be fired — at least AT&T won’t say as much — but you won’t have much of a future. The company isn’t too worried about people leaving, since executives estimate that eventually AT&T could get by with one-third fewer workers.
Mr. Stephenson declined to project how many workers he might have by 2020, when the cloud-based system is supposed to be fully in place. One thing about cutting people in an aging work force, he noted, is that “demography is on our side.” Other senior executives say shrinking the work force by 30 percent is not out of the question.
Related post:
Whoa, count your blessings. In some cases, Bank of America employees will receive a one-time bonus equal to 0.67% of their annual salary. (12/22/2017)
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