AT&T to cut 1.5% of workforce in effort to streamline operations
Written by admin on April 22nd, 2008 in Gadgets.
The current economic conditions have begun to take its toll on US companies. Among them is AT&T, which is in the process of cutting 1.5-percent of their workforce. This news was revealed by a ruling filed with the Securities and Exchange Commission.
AT&T employees who will be hit by the layoffs are those who have no direct contact with AT&T customers and are said to include those in management. The plans for the layoff’s are part of AT&T’s ongoing streamlining of operational activity. Despite laying off a big chunk of their employees, AT&T is expecting to get a pre-tax charge of $374 million as a result of this layoffs. But don’t worry because AT&T is attempting to make sure that the remaining workforce after this layoff plan is carried out will still be able to manage and maintain the company’s stability.
Read [CNET]
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