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News
AT&T to Cut 12,000 Jobs
Friday, December 5th, 2008 at 7:48 AM - by Jeff Gamet
Telecom giant and Apple iPhone partner AT&T revealed on Thursday that it plans to cut about 12,000 jobs, or four percent of its workforce, through 2009. The layoffs are in response to a weaker economy and what the company called "a changing business mix."
AT&T plans to start cutting jobs in December as part of a move to streamline its organizational structure. Certain jobs, however, are off limits because of work guarantees in union contracts.
Even as AT&T axes some jobs it plans to increase staff in other areas including wireless, video and broadband to meet customer demand. The move may be in response -- at least in part -- to the changing telecom landscape as more customers move away from traditional phone service to rely just on cellphone instead.
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