AT&T, General Motors and Wells Fargo vowed to use tax cuts to create jobs. In fact, they did the opposite
Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company announced it was closing the citys three call centers in February 2019.
At 46 years old, Im looking for a new job, Smith said. They basically told us we either need to move south or lose our job. It was out of the blue. We had no idea.
Smith and about 90 of his colleagues were offered severance packages or the option to relocate to Georgia or Tennessee. But for most workers who have spouses with their own careers, elderly parents nearby in need of care, or children still in school, relocating on a whim isnt an option.
These sudden mass layoffs have become increasingly common for workers at AT&T and many other big firms. But it was not meant to be that way.