AT&T to Eliminate 12,000 Jobs

Citing the recession, a need to streamline its operation and the changing dynamics of the telecom industry, AT&T has announced that it would eliminate 4% of its work force — about 12,000 positions — by the end of 2009. The company, which also said it expected to take a $600 million charge in the fourth quarter because of severance-related issues, had cut 4,600 jobs earlier in the year.

From CNET:

The company cited economic pressures and a changing business mix as the reasons behind the cuts.

AT&T also said it plans to reduce its 2009 capital expenditures from 2008 levels. The company said it would issue more specific financial guidance in January, when it announces its fourth-quarter results.

It did say, however, that as a result of the layoffs, it would take a charge of approximately $600 million in the fourth quarter of 2008 to pay severance to affected employees.

The cuts will begin in December and continue throughout 2009, AT&T said in a release.

The company said it is continuing to add positions in wireless, video, and broadband units to meet customer demand.

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One Comment on “AT&T to Eliminate 12,000 Jobs”

  1. Tom Clann Says:

    Attempting to locate terminated AT&T customer service reps in and around Cobb County GA.

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