AT&T promised it could create 7,000 jobs if Trump went by means of with its $3B tax-cut, however they lower 23,000 jobs as an alternative – Boing Boing

In 2017, AT&T CEO Randall Stephenson campaigned for Trump’s huge tax-cuts by promising that they might create 7,000 jobs with the $three,000,000,000 they stood to achieve, in addition to investing in new infrastructure: as an alternative, the corporate has lowered its headcount by 23,328 employees (6,000 within the first three months of 2019!) whereas decreasing capital expenditures by $1.4B (AT&T lowered capex by one other $900m in Q1/2019).

AT&T considerably elevated government bonuses over the identical interval.

When contacted by Ars, AT&T did not deny any of the CWA’s findings. “We proceed to rent in areas the place we’re seeing growing demand for services and products, however expertise is altering quickly and that impacts hiring and employment,” AT&T informed Ars. “There are fewer jobs in elements of the enterprise which might be declining and dealing with expertise shifts.”

AT&T promised 7,000 new jobs to get tax break—it lower 23,000 jobs as an alternative [Jon Brodkin/Ars Technica]

(Picture: Mike Mozard, CC-BY)

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