Please send posts to telecom-digest.org, with userid set to telecomdigestsubmissions, or via Usenet to comp.dcom.telecom
The Telecom Digest is made possible by generous supporters like the Computer Science and Artificial Intelligence Laboratory (CSAIL) at M.I.T.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Today, as AT&T announced its Q4 earnings, the company faces calls for a Congressional investigation due to unfulfilled promises on jobs.
AT&T reported net profits of $19.4 billion for 2018 and is projecting free cash flow of $26 billion for 2019. The company sees steady growth in all its business units and increased profitability in wireless. Despite these strong results the company is making deep cuts in its workforce. Today's report shows that AT&T has eliminated 11,780 jobs in 2018 alone (see table below). AT&T is also on track to pay out three-quarters of its 2018 profits to shareholders in the form of dividends and share buybacks.
Members of the Communications Workers of America, who are bargaining with the company for a new contract in the Midwest and Legacy T units, have serious concerns about the company's gutting of good, family-supporting jobs.