When The Checks Stop Coming In

Posted on December 4th, 2008 - By Bossip Staff

Categories: News, When The Checks Stop Coming In

Posted by Bossip Staff

homeless611

AT&T announced they are cutting 12,000 jobs today:

AT&T said Thursday it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.

AT&T, the Dallas-based telecommunications company, said its job cuts will take place in December and throughout 2009. The company also cited a changing business mix and a more streamlined structure as other reasons for the layoffs.

AT&T plans to take a charge of about $600 million in the fourth quarter to pay for severance costs

SMH. Jesus Take The Wheel. You know crime is about to start picking up. That nicca Bush, Wallstreet, and The Republicans need to be put on trial for this sh*t.

Hit up the Bossip Forum economy section to discuss the recession, how to find employment, or keep your job.

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  • Hannibal

  • SWEET CHEEKSSSSSS BITTTCCCHHHHH

    Times are tough!!!!!!!

    Sorry to all the folks that lost their jobs, my heart goes out to you all!!!

    ~Love, Sweets

  • Mock Rock Stardust(Mock Rock says Ima Ima a Diva)

    I’m going to make a sign like that right now…

  • Truer words have never been spoken until now:

    At Valenne, your grip on economics is truly weak. Companies pay out more money upfront when they pay out severance packages and continue health coverage. Basic lesson for you- employees who still work for the company are paying into company stock and paying for the benefits. Severance packages/early retirement payouts mean that the company is most DEFINITELY loosing money in lump sums immediately. And if you check the AT&T Stock portfolio it is MORE THAN OBVIOUS that the stockholders are in no way reassured.
    Please study economics, stocks and capital funding before you attempt to make comments on such subjects.

    I work for AT&T, own AT&T stock but above and beyond all that I know Business and Economics.

  • MR FLORIDA

    @jjj / Proud Jamaican

    heeeeeeeeeeeeeeeeeey. *wink wink*

  • purpple

    LOL@ NINA K

    Hey id throw him a coupla bills…atleast he’s honest…get it how ya live shawtie.

  • http://www.gravatar.com Re

    @Valenne

    I mean no harm here, but your comments are always off some how some way…”TRUER WORDS HAVE BEEN SPOKEN…” makes an excellent poitn.

  • http://www.gravatar.com Re

    *point*

  • snoop bloggy blog

    @ nina knows

    lmao…..realtalk

  • Truer words have never been spoken until now:

    @ Valenne, That was education for you and not trying to start an argument but bottom line, if you know better then part of knowing means helping others who don’t.

    @ RE, Thanks for co-signing and understanding where I am coming from.

    Please take a moment to pray for our country, our President Elect and pray for the families affected by this recession.

  • http://www.gravatar.com Re

    My neighbor just told me yesterday that she’s been laid off from Chevy Chase Bank, and she’s worked there for 9 years…

    Hard time :-(

  • Redd Tony aka Earth Sign “Simplicity is true Sophistication”

    @Re

    hahahahahaha… the irony, your friend used to wrk for them? Im still holding on myself

  • nicole

    IF ANYBODY WANNA MAKE SOME EXTRA MONEY FOR THE HOLIDAYS THERES A WEBSITE THAT PAYS YOU $0.20-$1.25 OR MORE TO FILL OUT SURVEYS ONLINE. IT’S FREE TO JOIN AND TAKE ABOUT 5 MINUTES TO COMPLETE EACH SURVEY!!! IF YOU WANNA SIGN UP JUST PUT CASHCRATE.COM/887940 IN YOUR URL ADDRESS BOX AT THE TOP OF YOUR SCREEN!!!!!!!!

  • purpple

    HAHA REDD’s in the mood to give it to suckas today, ive lost my ferver to tell the truth to idiots because i surely thought it but wasnt gonna go there today….as usual

  • http://www.gravatar.com Re

    @Truer Words Have Never Been Spoken…

    Lol, we have these debates with my family all the time. Apparently they believe they have all the simple easy answers to the economic woes of this country.

    @Redd Tony aka Earth Sign

    LOL, you work for them? Maybe your Branch is doing better than hers…if not, dig your claws in and never let go…even if they try pulling you out!

  • Rawr

    IF ANYBODY WANNA MAKE SOME EXTRA MONEY FOR THE HOLIDAYS THERES A WEBSITE THAT PAYS YOU $0.20-$1.25 OR MORE TO FILL OUT SURVEYS ONLINE.

    How insulting.

  • I love my dark skin aka Valenne (YOU GOT ME!)

    @ truer words! thanks for schooling me but actually, i was not talking about AT&T in particular. I know for a fact that the promises made to stockholders are one of the main factors that influence the decision that are taken regarding employement, investment or desinvestment etc…

  • http://www.LoanUntilFriday.com LoanUntilFriday.com

    Times is hard…Might as well keep it real…

    I’d tell him to click on LoanUntilFriday.com!

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  • Redd Tony aka Earth Sign “Simplicity is true Sophistication”

    @Re

    Ill try but we just got bought…SMH

    What up Nina!

  • iluvprada

    Rawr

    IF ANYBODY WANNA MAKE SOME EXTRA MONEY FOR THE HOLIDAYS THERES A WEBSITE THAT PAYS YOU $0.20-$1.25 OR MORE TO FILL OUT SURVEYS ONLINE.

    How insulting.

    ___________________________________________________

    DEAD!

  • http://trinidadsdagay.blogspot.com Trinidad. Adventist. Gay?!

    He was PAID to carry that.

  • MissBlaze43

    This economy has a whole lot of people down on their luck. Some people have even taken the drastic measures of taking out their whole families lives in fear of them feeling the pressure at well.

    Although the man with his sign is funny – the situation is not. For those of us who are lucky to still have jobs – pray that you’re able to hhold on to it. For those of you who are lucky enough to have your own business – pray that you’re able to keep your business going.

    For those who just don’t have a care in the world what-so-ever, you BETTER humble yourselves. Remember, God hates BRAGGARDS!!

  • Truer words have never been spoken until now:

    @Valenne, Please be open to education. If you knew for a fact your statements would be more factual. Promises made to stockholders do not mean jack, it is ILLEGAL to make promises to stockholders that is called Insider Trading. Companies provide a proposal and guess what, a propsal doesn’t mean jack when the GLOBAL economy is collapsing. I was talking about the economy in the USA and EVERYWHERE else as a whole and not just AT&T. If you do not know that AT&T is one of the most GLOBALLY DIVERSE companys on EARTH then you are definitely not up to replying to my comments. Bottom line when companies such as AT&T, Johnson and Johnson, The Hearst Media Empire and the other WALL STREET GIANTS along with the JAPANESE ECONOMY are suffering losses for 2 economic quarters straight and stocks dip every other hour then it is time to get educated and stop relying on what you think you know about business.

    Valenne you are out of your league and I am letting you off easy by not even discussing the Treasury Department, the mortgage and the banking crisis.

  • purpple

    NINA yes you automatically want to correct that falseness but im tired…..

    What up REDD, give it to em
    and BTW
    NOTHING bothers me more than hearing my friends and cousins(women) buying all these toys for their kids and then being broke afterward…especially for the babies that will barely remember and the reason it comes down too is “my parents did it for me” so i just have nothing else to say to that mess…my cousin want me to buy my lil cousins toys, yeah right …they are lucky they getting anything because i dont celebrate but ill pick up some clothes and educational things because i know her money is tight and they celebrate but…….

  • purpple

    NINA i forgot my LMAO@ole Grady!

  • Lacombe Redbone ( Ready to water bend!)

    Hey Truer words….

    My hubby also works for AT&T and he was told that a lot of the workers that were laid off were c.s.r. and temps…Is that true???

  • MissBlaze43

    I meant “ENORMOUS” and “speech”.

  • purpple

    NINA why the shyt only seem to make sense to a few people and other people are just oblivious like they are really doing something great for they child.

    LMAO girl i got second names for days too!

  • Truer words have never been spoken until now:

    @ Lacombe part of what ur hubby says is true but there are cuts in the middle management level also in certain divisions. Whole divisions are going to be affected and legally I can’t say more than that at this point.

    @MissBlaze ur words are so true and it is obvious you have empathy for others.

  • Illuminate Truth

    @ Nina and Purp

    Christmas is a BS helliday anyway. All these Christian celebrations have Pagan backgrounds. December 25th is Nimrod’s birthday, not Isa’s (Jesus). Some retail stores base their whole existence around this time of year…..especially the toy stores. Like brain dead zombies people flock to the stores to hand over their hard earned money (in some cases money they don’t have…..they call it “credit”) and then spend the next few months crying broke. All this and if you ask a bunch of grade school children what is the meaning of Christmas and I bet more than half will include santa claus in their answer (smh). Speaking of which:

    PEOPLE: STOP FEEDING YOUR CHILDREN THIS SANTA CLAUS MYTH!!!! FIRST OFF, YOU SPEND ALL YEAR BUSTING YOUR ASS TO BUY GIFTS FOR YOUR LITTLE ONES AND THEN GIVE THE CREDIT TO SOME WHITE DUDE IN A RED SUIT? YOUR CHILDREN NEED TO KNOW THAT YOU WORK FOR WHAT YOU GET FROM THE BEGINNING AT AN EARLY AGE. MAYBE MORE IMPORTANTLY, LIFE IS FILLED WITH TOO MANY FAIRY TALES AS IT IS……DON’T FEED THEM ANY MORE. IT IS TOO HARD TO DISPELL THE EVERYDAY B.S. WITHOUT ADDING TO IT OURSELVES. STOP SUGAR COATING THE WORLD TO YOUR CHILDREN. IF YOU WANT TO PROTECT THEM TEACH THEM THE TRUTH!!!

  • Lacombe Redbone ( Ready to water bend!)

    Truer Words….

    Thanx babe!I appreciate it! :wink:

  • Illuminate Truth

    In this nation the 5% wealthiest (the elite) own 95% of the wealth. The gap between the rich and the poor is the largest in the world and continues to grow (i.e. no more middle class…..now it is the working poor). Do the math people. That means for every dollar, the elite own 95 cents and the other nickel is split up amongst us common folk. If you are not in that elite class (this would include everyone here) then you WILL feel the effects of the economic crisis. Brace yourselves.

  • Brook Lynn Choclate Gyrl (Exhausted aint even the word!!)

    In My all-time Flavor Flav voice: Woooowwww!!!! Kudos to keeping it real.

  • http://signoftimes@msn.org mild sauce part of the sauce family tradition

    thats why my black azz aint up in here all day because i damn sure dont want to be carrying no sign from being fired for blogging all day because i dont know no job that lets you do that and they can have folks who are work -aholics, like im out now my boss dont play that plus i got otns of work.. sauce family holla later hot suace i feel you sweet n soy sauce keep it up !

  • Brook Lynn Choclate Gyrl (Exhausted aint even the word!!)

    I can see $$ for Beer and drugs, but a hooker??? why would one want to spend their last on some beat up used puzzy, like just jack off thats free and easier. Geesh

  • purpple

    Exactly Ill and NINA

    My kids are going to be ruining all the other kids holidays telling them how their really aint no Santa and they need to get they mind right…lol i feel sorry for them other lil chillens now.

  • Illuminate Truth

    @ Nina

    When my daughter was in kidnegarten she was pulled to the side by her teacher and told to stop telling the other children there was no such thing as santa claus. My daughter (who never got in trouble) felt bad about it and of course told me of the situation. I blasted that teacher for singling out my daughter for telling the TRUTH. If she didn’t want the truth bought up why are you sending pictures of some ficticous charachter for my daughter to color. Leave the fairy tale out of the equation. If you can’t teach the real meaning of Christmas (due to seperation of church and state) then just stick to reading, writing and mathematics. If you bring up a falsehood and pass it off as education expect to be called out on your nonsense…..even if it is by a 5 year old.

  • purpple

    O Hell to the naw that teacher didnt ILL!

  • Titan

    Truerwords, I think I love you for destroying the clueless economic talk. Arrest the president for the economic downturn :) Why does a website more suited to discussing rappers personal lives think they are qualified to talk economics/politics??

  • Illuminate Truth

    @ Nina

    Share the weed? Puff, puff, pass. You know the rule. We will both get lifted. Sounds valuable to me….LOL.
    “Booty bread”……..never heard that before but your analogy is right on. One person’s garbage is another person’s meal. We are trained consumers and wasters so I guess we are all guilty of gluttonous habits.

  • purpple

    Nina you be on point cause Home School is in question or maybe charter school….contemplating…

  • http://s175.photobucket.com/albums/w126/mrsdavis1005/?action=view&current=068.jpg MZ DAZED AND CONFUSED

    THAT PIC IS A TOTAL CLASSIC, BUT I WORKED FOR AT&T AND THEY PAY GOOD SO I FEEL SORRY FOR THOSE ABOUT TO LOSE THERE JOB AND START WORKIN FOR $7.00..SMH

  • Someone who just don’t care

    Bush and his broad are moving to Dallas when they leave the whitehouse, I say somebody needs to egg their house daily with rotten eggs so when the sun hits it and that stinch hits all the world will no where to find the biggest rat of all times!

  • hit ‘em hard

    Not a joke, this recession ish and of course black folks will get hid the hardest. We can do a few things to survive, rebound and flourish:

    1) use creativity–our culture has more and then some. open your own gig, partner up with a relative, tighten up your resume, hell throw a rent party and charge. We did it during the Great Depression

    2) Don’t snub your nose at the broke and homeless–shoot someone a quarter, a dime. Let the gods reward you tenfold for not being so motherf—— cheap cuz you lost your job

    3) go back to school. no it’s not expensive. it’s an investment. one class can be paid for at local community college with financial aid. just one class gets yo ass off the couch and mingling with working folk or at least thinking folk, not moping folk.

    4) go to job fairs looking good!! might not get the job, but you might get a man/woman

    5) gotta go–boss is coming!

  • sheree

    times is hard but LMAO at that pic!

  • FemdomEbony

    I am a current employee of AT&T, and while it’s fuccd up about the lay-offs, non-management employees must be tested and pass certain tests. If the employees pass the tests, they’ll remain on payroll until they can be placed with a job w/in the company. Managers will have a couple of to find employment w/in the Co otherwise they’re taken off of payroll…same with non-management who fail the tests. Others will leave thru attrition. these also include contract workers-which are utilized heavily by AT&T.

  • http://myspace.com/daintygirlgt anitabonita

    only in New York Kid gotta lov it.

  • BKLYNZ OWN (another day another dollar)

    WORD..NYC PROLLY GOT THE MOST CRASY HOMELESS PEOPLE IN THE COUNTRY
    THAT HOMELESS DUDE GANGSTA….

  • Bubothehater

    The democrats control congress. They have for several years.

  • http://myspace.con/whew_lilmamabad LiL_MaMa

    I had a job offer from AT&T and thank GOD I didnt take it.

    But I work for the the telephone company here in Cincinnati & we are in a Union. Which means I have a job for the next 3 years…. until our contract expires.

    But I thought AT&T was in a Union 2? They dont have a contract sayin that they have a job guaranteed for x amount of years???

  • FemdomEbony

    the non-management employees are in a contract…MW expires in Apr 09. While they can’t be laid off, they can be ‘taken off of payroll’ if they don’t test qualify. Again..those that are being laid off incl managers, those being attritioned, contractors, non-management who fail the tests etc

  • http://mypregnancyplace.com Dr. Robert Rainer

    MAKE MONEY! BUY DR. ROBERT RAINER’S BOOK, “A DOCTOR’S GUIDE TO WEALTH” amazon.com

  • http://myspace.con/whew_lilmamabad LiL_MaMa

    WOW…thanks FemdomEbony. I didnt know that. Guess each job is different.

    But what type of test do they have to take anyway?

  • always knew

    This is not even funny! This is sad and depressing. Most black men will end up in this position, due to lack of education and being institutionalized from being locked up so much. Then they can’t get jobs because of records with felonies…A horrendous circle and Catch 22, so they don’t ever do more than a grocery cart or sign on the street….

    Let’s change how we live, how we treat each other, they way we treat ourselves….Come on, people, you know better, than this. I;m tired of us being in last place. Lets be more than we ever were. The only way that can happen, is if you start hitting the books…Be a leader and not a follower…

  • FemdomEbony

    @lil mama…employees are given skills tests. The more tests an employee passes, the greater the chances of being placed. I was a part of this a couple of years ago, and I ended up in a position that gave me a better schedule (off by 5pm, wkends off) and making almost $300 more/wk. But out of about 15-16 tests I took, I only failed 2 tests. And those tests were for skilled trade.

  • 1TruDiva w/The PlatinumVocals–”I don’t scratch my head unless it itches. I don’t dance unless I hear music.”

    Did someone mention they feel pretty secure because their company is unionized???

    All due respect to you but please don’t sit comfortably with that misguided conception!!!

    YOUR job can be placed on the bargaining table, hun!!!

  • 1TruDiva w/The PlatinumVocals–”I don’t scratch my head unless it itches. I don’t dance unless I hear music.”

    One more thing about unions–

    Even when the position of keeping a job “X” amount of years may seem secure, it’s been KNOWN that unions have thrown that on the table to proposition something else.

    If you don’t understand but ONE thing about unions, know that it is a business–just like your company is.

    Bartering what they think is in your best interest is their job!!!

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