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AT&T promised 7,000 new jobs to get tax break—it cut 23,000 jobs instead

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Edmond Mccolpin
May 14, 2019 15:41
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AT has cut more than 23,000 jobs since receiving a big tax cut at the end of 2017, despite lobbying heavily for the tax cut by claiming that it would create thousands of jobs.

AT in November 2017 pushed for the corporate tax cut by promising to invest an additional $1 billion in 2018, with CEO Randall Stephenson saying that "every billion dollars AT invests is 7,000 hard-hat jobs.

These are 7,000 jobs of people putting fiber in ground, hard-hat jobs that make $70,000 to $80,000 per year."

A union analysis of AT's publicly available financial statements "shows the telecom company eliminated 23,328 jobs since the Tax Cut and Jobs Act passed in late 2017, including nearly 6,000 in the first quarter of 2019," the Communications Workers of America (CWA) said yesterday.

These numbers are for AT's global workforce, but the vast majority of its employees are in the US.

The most recent layoffs affected 368 union technicians in California, the CWA said last week.

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Edmond Mccolpin
May 14, 2019 15:41
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