![Activists Protest AT&T's New Plan to Cut Labor Costs [telecom]](https://forums.cabling-design.com/media/25922/conversions/6035cf520781b4.43267412-medium.jpg)
December 12, 2019
Outside the UBS Investor Conference in New York City this week, activists protested vulture hedge fund billionaire Paul Singer's plan to extract profits from AT&T by eliminating jobs and divesting critical assets. AT&T has already agreed to some of Singer's proposals, including announcing a plan to buy back $30 billion of its own stock over the next three years.
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