Comments on: AT&T to Eliminate 12,000 Jobs

By: Donklephant » Blog Archive » Obama Shares More Details About His Infrastructure Plan

Sat, 06 Dec 2008 20:18:19 +0000

[...] it may be, signs point to Americans being in favor of bold action. Because at this point, the job losses are just getting too big and the threat of more price deflation means immediate measures need to be [...]

By: BenG

BenG — Fri, 05 Dec 2008 02:45:43 +0000

First of all, this is not your Mom & Dad’s AT&T, or “T” as its’ ticker symbol used to be. That Co. is long gone, swallowed up by one of it’s own Baby Bell spin-offs, SBC, who was a conglomerate of Bell South, Pac Bell and Southern Bell, if I remember correctly. So with all of that government intervention, the break-up of one of the countries greatest Co’s, we’ve come full circle and now have a few large phone service providers controlling the industry. Was it all worth it?

Well, we did get the diversity of services that was promised, with the mobile phone business growing so rapidly and, although competition didn’t develop too much for landline service, it’s made up for by the combination of the internet, PDA, and phone technologies finally gettin into the market.

Next is the fiber optics build-out, with infrastructure added every day, we’ll all be saturated in bandwidth before we know it. That may not have happened if the giant Ma Bell, with its’ landline business left intact, was able to control the future of the Telecom market. The downsizing is part of the free market evolution, as painful as it is, necessary for survival

Maybe the motto should be leaner is meaner? Maybe that’s what the U.S. Auto Industry needs to find out. The layoffs are gonna happen either way, but will they survive?

By: Jim S

Jim S — Fri, 05 Dec 2008 02:28:55 +0000

Actual thought, J.Harden?

By: Alex Wu

Alex Wu — Thu, 04 Dec 2008 18:56:17 +0000

Job cuts are really out of control. The critical step now is to identify companies out there who are providing opportunities in these tough times. Here’s a pretty good site that specially unites these employers to save main street – http://www.jobstaxi.com/savemainstreet

All the best to everyone at AT&T.

By: J. Harden

J. Harden — Thu, 04 Dec 2008 18:16:55 +0000

Obviously, they need bailed out, Alan. We should not be free-market morons about this, people are going to lose their jobs and it is governments responsibility to ensure that everyone who wants one, has a long-term, stress-free job until they die. People are not going to quit driving cars either, but we should certainly bail-out the automotive industry. We need to, as a country, abondon this flawed market-worship and simply nationalize the tele-com industry so this kind of thing doesn’t not hurt those who are not wealth. BTW, I don’t see any executives losing their jobs.

Did I leave anything out Jim S./Justin G.?