AT&T To Lay Off More Workers Cut Costs By 10s Of Billions;despi $42 billion b/c of the GOP tax break

[riversedge]

3/05/20 5:00pm

AT&T To Lay Off More Workers And Cut Costs By Tens Of Billions—Those Tax Breaks Are Working!


https://crooksandliars.com/2020/03/att-lay-more-workers-and-cut-costs-tens?utm_source=social&utm_medium=twitter&utm_content=27942


AT&T has reportedly been able to save $42 billion because of the GOP tax break, but has also been making big cuts and layoffs since 2018. It has also been slowing down spending on infrastructure during that time



Remember those luxurious tax cuts the Republican Party gifted the tippy-top Americans and corporations? The one that has helped to blow out our deficit while allowing top companies to basically pay nothing in taxes? Of course you do! I mean, you are probably swimming in job opportunities and wage increases as we speak! That was the promise from the GOP and their wealthy overlords, overlords such as telecommunications giant AT&T. AT&T has reportedly been able to save $42 billion because of the GOP tax break, but has also been making big cuts and layoffs since 2018. It has also been slowing down spending on infrastructure during that time.

This, of course, is the opposite of what the American public was promised by big businesses and their Republican cronies. A big part of the issue for AT&T is the debt created by its acquisitions of DirectTV and Time Warner Inc. Those acquisitions haven’t worked out the way AT&T had hoped, and the company has begun moving into the online-only streaming sector and away from the satellite services that DirectTV offers. The debt acquired by AT&T, according to Ars Technica, is almost $200 billion, and the telecom has been cutting costs and jobs ever since to get out from under it. ...............................

[RussBLib]

1. meanwhile, we get our AT&T internet capped at 18Mbps

I mean, that is the fastest service we can get from AT&T here where I live. All they would have to do is flip a fucking switch to speed it up. The only saving grace is that AT&T's signal is consistent. Slow, but consistent.

I could switch to Spectrum and get 100Mbps, but the POS drops out multiple times every day for seconds, minutes, or hours at a time.

GRRRR

[abqtommy]

2. So much "winning" is kinda chilling...