Printed from

AT&T pushing out execs over economic fears?

updated 03:55 pm EDT, Mon March 31, 2008

ATT Pushing Out Execs

AT&T has been quietly been ushering out executives to drive its top-level costs down, say sources speaking with Om Malik. The telecoms firm has reportedly been offering severance packages to vice presidents in the company with threats of being demoted from their executive positions if they decline. The goal is to ultimately reduce the total number of executives and lower the company's overall payroll costs, according to the claims.

The reshuffling of senior staffers is believed to stem from worries that a struggling US economy will affect AT&T's own finances, though the alleged source did not explain what changes were primarily driving the company's concerns. AT&T has often been partly insulated from economic issues by offering essential phone services but may see customers scale back or disconnect more optional features such as high-speed Internet access and smartphone plans.

An additional report also suggests that the company is refocusing the executives it keeps, with former VeriSign executive John Donavon brought on to head up the carrier's network expansion while former USi head Andrew Stern has left the company relatively soon after AT&T acquired the company. No reasons have been given for these latest shifts.

By Electronista Staff
Post tools:




  1. hayesk

    Professional Poster

    Joined: Sep 1999


    Seems fair

    Large corporations lay off lower level employees despite performance with tiny severance packages. They should be able to do the same to upper level employees too.

  1. bhuot

    Fresh-Faced Recruit

    Joined: Nov 2003



    Finally, they have discovered where all their money is going.

  1. gorbag

    Fresh-Faced Recruit

    Joined: Nov 2001



    Sounds like new raw materials for Torgo's Executive Powder...

  1. paulc

    Junior Member

    Joined: Aug 2000


    Good AT&T

    Usually you hear about raising prices AND reducing services with big execs getting huge raises and million dollar bonuses (like Crime Warner). So it;'s really good to hear about at least one mega-corp. that seems to be doing the right thing.

Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines


Most Popular


Recent Reviews

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...



Most Commented


Popular News