Tag: AT&T

AT&T outsourcing thousands of jobs despite $3 billion Trump tax cut

AlterNet logoAT&T touted President Trump’s tax cut and claimed it would result in higher wages for workers. But despite getting a $3 billion tax cut last year, the company is forcing thousands of those workers to train their own cheaper foreign replacements after signing deals with big outsourcing companies.

“Lower taxes drives more investment, drives more hiring, drives greater wages,” AT&T CEO Randall Stephenson told CNBC in 2017 as he made the rounds pushing Trump’s tax cut bill. “I know exactly what AT&T would do: We would invest more.”

Stephenson celebrated the signing of the bill by touting $1,000 bonuses for 200,000 of its workers. Continue reading

Trump urges customers to drop AT&T to punish CNN over its coverage of him

President Trump took his long-running attacks against CNN to a new level on Monday by suggesting in tweets that a consumer boycott of its parent company, AT&T, could force “big changes” at the news organization.

“I believe that if people stoped [sic] using or subscribing to AT&T, they would be forced to make big changes at CNN, which is dying in the ratings anyway,” Trump tweeted. “It is so unfair with such bad, Fake News!”

The comment, which Trump tweeted in response to seeing CNN coverage while traveling in London during a European tour, fueled criticisms that the president was using his power inappropriately to intimidate critics.

View the complete June 3 article by Craig Timberg, Taylor Telford and Josh Dawsey on The Washington Post website here.

Justice Department Says Not So Fast to AT&T’s Time Warner Bid

The following article by Michael J. de la Merced, Emily Steel, Andrew Ross Sorkin and Cecilia Kang was posted on the New York Times website November 8, 2017:

An AT&T store in Manhattan’s East Village. Credit Christian Hansen for The New York Times

It seemed like a match made in media heaven. AT&T is a telecommunications giant whose reach stretches to millions of people all over the country, and Time Warner, the owner of CNN, HBO and Warner Bros., has content galore. Together, the two companies would create a colossus straddling the worlds of internet access, news and entertainment.

Until last week, AT&T’s pending $85.4 billion acquisition of Time Warner seemed destined to close by the end of the year. On Wednesday, however, tensions between the Justice Department and executives at the two companies spilled out into the open.

Now it seems possible that the Justice Department and AT&T will end up battling each other in court. The ongoing negotiations have also demonstrated how the Trump administration may regulate big-ticket mergers and acquisitions, representing the first major test for the government’s antitrust strategy. Continue reading “Justice Department Says Not So Fast to AT&T’s Time Warner Bid”