GE is laying off 12,000 workers in 2018. T&T announce they are laying off 1,400.
This has nothing to do with Trump (or Obama). Stop with the rhetoric.
If you've worked in multinationals and conglomerates, certain divisions fall behind. GE's Power division isn't contributing as much to the bottom line as their aviation and healthcare business. GE wants out of the lightbulb business. They want to focus on their strengths. And they're moving from manufacturing into IoT and smart devices world. They're hiring engineers with the new skills.
AT&T has over 200,000 US employees. 1,400 is less than 1%. End of year you get rid of bad performers. Or there's business reorganization according to the company's long-term strategic plan.
Every single company does this. It's called change. Adapt or die. We live in a capitalistic society. Deal with it.
I expected forum members here to do some due diligence using this thing called computerz on the interwebz with the Google. Or ask Google or Siri on smartphone.
You must have missed the /s of my post. Trump and Trumpies went crazy over the Christmas bonuses announced last week. They've said the tax bill will create "many, many jobs" and here we have a bunch of reports of companies slashing jobs.
You didn't have the /s. If you meant it, you should have added it at the end. Can't read your mind over the internet, bud!
I agree that GOP and Trump supporters going crazy, however there were similar things under Obama that his supporters thought would grow jobs enormously.
You can't trust a politician's predictions, they switch based on the lobbyist buying dinner that night.
Both parties have divided and conquered the American public.
Companies will do whatever it is to increase profits, that comes from being a publicly listed company beholden to bond and stockholders whose interests lie first.
The bonus game is deflection to either get attention or mask other intentions.
The fact is the current job market requires continuous education and learning to keep the job, as it keeps on changing. Those who are in legacy jobs or refuse to adapt will be casualties.
And we have too many "reporters" who write stories without in-depth analysis. This short-stories/ twitter/ buzzfeed journalism doesn't help anyone.