AT&T Is a Window Into Life Under Lockdown
The company, like others, is performing a balancing act in trying to keep workers safe, consumers connected and shareholders satisfied.
The coronavirus is shaking up households, small businesses and corporate giants. AT&T shows how.
Photographer: Angus Mordant/BloombergAT&T Inc.’s latest quarterly results are providing a window into how the Covid-19 pandemic is affecting different slices of the economy, from consumers to businesses large and small, essential employees and those fortunate enough to be able to work from home. What they all share is a fear for their physiological and financial health, and the inability to predict what happens next — AT&T included.
“It’s been a chaotic few weeks for all of us,” Randall Stephenson, AT&T’s longtime CEO, said during the company’s post-earnings conference call Wednesday. “Bottom line: We have very little visibility into the broader economic situation.”