Elon Musk, Amazon, and AT&T are demanding a return to office. But there aren't enough desks [Fortune]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Fortune
Following hot on the heels of Amazon's seismic RTO, telecoms giant AT&T has ended working from home for good and is now demanding its staff return to the office five days a week beginning in January. But will the company actually be able to house the sudden influx of staff? At Amazon, the tech conglomerate swiftly realized that it doesn't have the space to follow through with its return-to-office order—and it isn't the first firm to face a desk shortage. What's more, AT&T is going to have to pull off quite the squeeze come New Year: Its workforce of roughly 149,000 has a drastically smaller office to return to than before the pandemic after the company consolidated its footprint to a few key hubs. The business previously circumvented this—after ordering 60,000 managers to report to one of just nine offices nationwide—by telling 9,000 workers to relocate or resign. An AT&T spokesperson told Fortune that it's “enhancing our facilities and workspaces” as it makes changes to its
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T
Earnings
- 10/23/24 - Beat
T
Sec Filings
- 12/17/24 - Form 4
- 12/10/24 - Form S-8
- 12/3/24 - Form 4
- T's page on the SEC website