There is no loyalty from the company. Telecom work comes in waves, with the Sprint merger, work has been pulled from SAC (and spread across other 3rd party telecom companies) which prompted a reduction in work force. However, instead of laying off the incompetent employees or ones with troubled HR histories, they aimed their sights at PMs, APMs, and specialists who have been there the longest and were making the most money. This ties with their goal to lower the average salary across the company. 2 years ago specialists were making $60K, now, they offer newcomers $18 an hour, turning SAC into a revolving door of people who realize many other companies pay actual competitive wages for the same job, not $18 an hour. I received a promotion not too long ago, it came with no raise in order to keep average salaries lower, but it nearly doubled my work load. I was told we can "discuss a raise" the following year, this never happened. After they laid off many PMs and APMs who were great at their job with years of experience, we are left with mostly incompetent associate project managers with little experience and low pay to keep their morale low, and project managers who are brand new promotions making just over what a specialist made a couple years ago. Two PMs who were laid off had been there 8 and 9 years with great track records, especially under pressure, and had the most experience of any PMs there. Now they're gone because they were making too much. One APM they laid off was one of the best employees you could ask for, always delivered, worked great with the specialists and other teams, had years of experience as an APM, so unfortunately he made too much. SAC doesn't appreciate quality people, they only look at how little they can pay you and get away with it. They even tell us this at their town hall meetings, they want to become a "half billion dollar company", that is their number one goal. They do this by cutting salaries, laying off those who make too much, doubling work loads for existing employees without giving them raises, and refusing to promote people into positions that are needed. Instead last year they "created" a new position of Senior Specialist, designated for the best performers, in which they justify increasing their workload and duties without providing a pay raise, but you get a nice title change I guess.
A few months ago, I was speaking with someone a few positions higher than myself about employees who were looking to leave SAC for other positions, this person told me SAC is the type of place you get a little experience and then move to a company that actually pays fair wages. The higher ups know what this place is, they lie to people and tell them there is opportunity for growth and competitive wages, but everyone knows it's not true.