AT&T to slash 12,000 jobs
Posted: Thu Feb 09, 2012 9:14 amAT&T to slash 12,000 jobs
« Thread Started on Dec 4, 2008, 7:30am »
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AT&T to slash 12,000 jobs
Posted: 09:02 AM ET
By Aaron Smith
CNNMoney.com
NEW YORK (CNNMoney.com) — AT&T Inc. said on Thursday that it will cut 12,000 jobs.
The Dallas-based telecom giant said that job reductions will total 4 percent of its workforce.
AT&T attributed the staff cuts to “economic pressures, a changing business mix and a more streamlined organizational structure.”
The company also said it would take a charge of $600 million in the fourth quarter to make severance payments. Also, AT&T said it would reduce its 2009 capital expenditures from its 2008 levels.
« Thread Started on Dec 4, 2008, 7:30am »
--------------------------------------------------------------------------------
AT&T to slash 12,000 jobs
Posted: 09:02 AM ET
By Aaron Smith
CNNMoney.com
NEW YORK (CNNMoney.com) — AT&T Inc. said on Thursday that it will cut 12,000 jobs.
The Dallas-based telecom giant said that job reductions will total 4 percent of its workforce.
AT&T attributed the staff cuts to “economic pressures, a changing business mix and a more streamlined organizational structure.”
The company also said it would take a charge of $600 million in the fourth quarter to make severance payments. Also, AT&T said it would reduce its 2009 capital expenditures from its 2008 levels.