AT&T’s Planning Yet More Layoffs Despite Tens Of Billions In Tax Breaks And Government Favors

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AT&T’s Planning Yet More Layoffs Despite Tens Of Billions In Tax Breaks And Government Favors: #Business #management –

Telecom monopolies have a pretty good racket going. They’ll consistently demand all manner of tax cuts, subsidies, and other government perks in exchange for A: jobs that never actually materialize, or B: broadband network expansions that somehow never actually arrive. The nation’s telcos in particular have received countless billions in taxpayer subsidies to expand their broadband networks, yet time and time again we’ve shown how they’ve wiggled out of these obligations, leaving huge swaths of America left outside of the reach of fast, inexpensive, competitive broadband (that’s particularly true in poor urban and rural areas). [Cont.]



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