Ramblings from Josh Sullivan

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AT&T Lays Off Thousands After Nabbing Billions In Tax Breaks And Regulatory Favors

The Trump tax cut resulted in AT&T getting billions in immediate tax relief, and roughly $3 billion in tax savings annually, in perpetuity. Yet when it came time for AT&T to re-invest this money back into its network and employees, AT&T actually did the opposite and began laying them off in droves.

Not surprising, but still a terrible thing to do. I really hope one day these TelCos get what’s coming to them.

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