But remember, our economy is doing GREAT and all thanks to the POTUS!!!!

WASHINGTON – A new analysis of AT&T’s March proxy statement and annual report by the Communications Workers of America (CWA) 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. These cuts come even as the company received a $21 billion windfall from the tax bill and is projecting $3 billion in annual tax savings going forward. AT&T’s annual report also shows the company boosted executive pay and suggests that after refunds, it paid no cash income taxes in 2018 and slashed capital investments by $1.4 billion.

AT&T lobbied for the tax bill and said it would use its resulting increased profits to create more good middle-class jobs and raise wages, but the company continues to eliminate jobs, devastating workers throughout the country. Last week, AT&T announced it is laying off an additional 368 technicians represented by CWA in California. A report in Motherboard earlier this year noted that California is one of the states AT&T has targeted for “geographic rationalization.” While the cuts impact locations across the state, they are concentrated in the San Diego and Los Angeles areas.

CWA has been calling for a Congressional investigation into how AT&T has been using its tax cut since it has not fulfilled its promise to create jobs and invest in the United States. The union has been tracking employment numbers at AT&T. While AT&T responds to criticism of its massive job cuts with boasts about hiring, hiring to address turnover is not the same as job creation.
https://www.valuewalk.com/2019/05/at...-and-jobs-act/