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Follow on Google News | AT&T Layoffs 2025: Don't Make These 3 ErrorsBy: Carestat Stephanie Alston, CEO of BGG Enterprises, emphasized, "Layoffs will depend heavily on macroeconomic conditions, industry shifts, and consumer demands." Recent restructuring at AT&T underscores the urgency for employees to revisit their retirement plans, particularly pension benefits and savings options. AT&T historically offers robust retirement benefits, notably through the AT&T Pension Benefit Plan. Critical decisions include choosing between lump-sum distributions or lifetime annuity payments. Union-represented employees, such as those under the Communications Workers of America (CWA), must carefully review their specific contractual pension protections, differing significantly from terms for non-union workers. Additionally, the AT&T Retirement Savings Plan (ARSP) remains an essential retirement resource. Maximizing contributions to this 401(k) plan is vital during periods of workforce uncertainty. Recent updates to the ARSP emphasize financial wellness, supporting employees in proactively managing their retirement savings. Eric Brown, CEO of Imperio Consulting, noted, "Budget constraints directly impact consumer-focused industries, including telecommunications." Retirees must remain vigilant about recent benefit changes under the AT&T Retiree Health Plan. Adjustments in healthcare coverage and premiums could substantially affect retirees' financial stability. Union retirees should particularly examine negotiated terms impacting their healthcare benefits. Broader U.S. labor market trends show resilience, with unemployment claims dropping to 211,000 by late 2024, the lowest since April 2024. While beneficial for AT&T employees nearing retirement, upcoming political developments could significantly influence corporate taxation and labor regulations. AT&T employees, particularly older workers, face unique challenges highlighted by a 2024 AARP study revealing prolonged unemployment after layoffs. Leveraging AT&T's continuing education programs may facilitate transitions into sectors like cybersecurity and renewable energy. A webinar titled "AT&T Layoffs 2025: Don't Make These 3 Errors" will be hosted on July 30, 2025, at 10:00 am PST. Register now: https://www.linkedin.com/ End
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