1 Comment

Summary:

AT&T (NYSE: T) is shedding 12,000 jobs, or 4 percent of its workforce, as it seeks to rein in costs in the face of the worsening economy. Wi…

AT&T (NYSE: T) is shedding 12,000 jobs, or 4 percent of its workforce, as it seeks to rein in costs in the face of the worsening economy. With the cuts starting this month and continuing into 2009, the carrier expects to take a $600 million charge on severance payments and other related costs. AT&T didn’t identify what areas would be most affected by the layoffs, but it did say it would be staffing up in areas such as wireless, video and broadband, though it didn’t specify any numerical targets. Back in April, AT&T said it would cut 4,600 posts, mainly management positions. At the time, the San Antonio telco said it expected to hire back that same number over the course of the year as it expanded wireless, TV and broadband and shifted resources from its landline business. Release

  1. Im not sure what is going on with AT&T? I got a call for areotek employment agency looking to fill the position during the employe strikes. The whole thing sounds fishy to me. They want to train for a month and have me work in this location for a short while. I am a former manager of the company and know that usually a strike isn't a whole month. I was told all of this is tenative and at&t may return back on this month.

    Share

Comments have been disabled for this post