Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Members of the Communications Workers of America demonstrate outside of an AT&T building. (Photo: Communications Workers of America)

'Disgraceful': While Reaping $21 Billion Windfall From Trump Tax Cuts, Report Shows, AT&T Slashed 23,000 Jobs

"Taxpayers aren't going to let AT&T get away with receiving over $21 billion in tax cuts and then destroying the livelihoods of tens of thousands of people."

Jake Johnson

AT&T promised to create thousands of new jobs as President Donald Trump's tax legislation moved through Congress in 2017—but the telecom giant has done precisely the opposite since the bill became law, while raking in over $20 billion in extra profits.

That's according to an analysis published Monday by the Communications Workers of America (CWA), which found that AT&T has slashed 23,328 jobs since Congress passed Trump's tax bill in 2017, including nearly 6,000 in the first quarter of 2019 alone.

Meanwhile, according to CWA, AT&T has reaped $21 billion in tax cuts thanks to the Republican law, with $3 billion in annual savings expected in the future.

"What AT&T is doing to hardworking people across America is disgraceful," CWA president Chris Shelton said in a statement. "Taxpayers aren't going to let AT&T get away with receiving over $21 billion in tax cuts and then destroying the livelihoods of tens of thousands of people."

Shelton demanded a congressional investigation into AT&T's broken promises.

"Congress needs to investigate AT&T to find out how it is using its tax windfall since the company's own publicly available data already raise serious alarm bells," Shelton said. "AT&T got its tax cut. Where are the jobs?"

While slashing jobs, the CWA analysis found, AT&T hiked executive pay and cut capital investments by over a billion dollars—contrary to the promises of CEO Randall Stephenson.

AT&T also "paid no cash income taxes in 2018," CWA said, citing the company's annual report to investors.

"AT&T lobbied for the tax bill and said it would use its resulting increased profits to create more good middle-class jobs and raise wages, but the company continues to eliminate jobs, devastating workers throughout the country," said CWA. "Last week, AT&T announced it is laying off an additional 368 technicians represented by CWA in California."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Federal Court Strikes Down Ruling That Blocked Biden's Drilling Moratorium

"Today's decision demonstrates how flawed the preliminary injunction issued in June 2021 was, and that Interior must quickly take action to reform the federal fossil fuel program," said one environmental lawyer.

Julia Conley ·


Two Weeks Before Payments Resume, Progressives Tell Biden 'Time to Cancel Student Debt'

U.S. Education Secretary Miguel Cardona said that "we're having conversations daily with the White House and borrowers will know directly and soon from us when a decision is made."

Jessica Corbett ·


Progressive Mandela Barnes Leads Ron Johnson by 7 Points in New Poll

"People are done being represented by an out-of-touch, self-serving multimillionaire like Ron Johnson," said Wisconsin's Democratic Senate nominee.

Kenny Stancil ·


Rights Groups Tell Zuckerberg to Stop 'Dangerous Censorship' of Abortion Content

"Meta's censorship of information on abortion and reproductive health is jeopardizing the safety and human rights of millions across the U.S."

Jake Johnson ·


Florida State Attorney Andrew Warren Files Suit to Fight Suspension by Gov. Ron DeSantis

The Republican's move "was nothing more than an authoritarian takeover of the office motivated by the governor's own political agenda," said the head of a U.S. network of elected prosecutors.

Jessica Corbett ·

Common Dreams Logo