Anyone who thought these two companies wouldn't screw their employees and their customers was fooling themselves. Funny how they were so vocal about giving $1000 bonuses while they were firing people quietly.
/Comcast
AT&T
We're adding people in many parts of our business that are experiencing higher customer demand. At the same time, technology improvements are driving higher efficiencies and there are some areas where demand for our legacy services continues to decline, and we're adjusting our workforce in some of those areas.We'll work to find other AT&T jobs for as many affected employees as possible. Regarding premises technicians, we adjust the workforce based on changing market dynamics, which vary from region to region. In some regions, we are hiring these same resources and these employees have the opportunity to transfer to those locations. It's important to note that we still have thousands more premises technicians than we did two years ago.
There are a few notable bits in there. When AT&T says it adds people in parts of its business that have growing customer demand and lowers staff in areas with less demand, it's acknowledging a simple business reality that is at odds with its claim that a tax cut will boost its investment by the specific amount of $1 billion. Hiring is intended to bring in more customers and revenue, and layoffs reduce spending to match a lower revenue opportunity; by AT&T's own admission, it hires employees to meet customer demand and reduces staff in areas with lessening demand even when it gets a tax cut that it claims will boost investment.
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