Of course AT&T is outsourcing thousands of jobs after getting a massive tax cut last year [telecom]

Jan 01, 2020 0 Replies
Of course AT&T is outsourcing thousands of jobs after getting a massive tax cut last year [telecom] open original image

It's bad enough that AT&T cut thousands of jobs (after promising to create thousands of new ones) despite saving a reported $3 billion thanks to the Trump tax cuts that were signed into law in December



2017. The carrier had pushed hard for the tax cuts, promising to invest an extra $1 billion in 2018 - with CEO Randall Stephenson even touting that "every billion dollars AT&T invests is 7,000 hard-hat jobs." And he told CNBC the following, by way of continuing to make a public case for the tax cuts: "Lower taxes drives more investment, drives more hiring, drives greater wages. I know exactly what AT&T would do: We would invest more."

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