AT&T Plans More Cuts In Workforce
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AT&T Corp. said it would restructure its business, cutting 20 percent of its jobs and writing down the value of its network by $11.4 billion, as it winds down its residential telephone business.
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SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
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AT&amp;T Corp. on Thursday said it is reducing one fifth of its workforce this year and will record a non-cash charge of approximately $11.
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US telecoms giant AT& T has announced that it plans to cut its workforce by 20% this year, axing a further 7,000 jobs.
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Nortel Networks Corp.   will slash 2,900 jobs, or 8.5 percent of its workforce, over the next two years and shift another 1,000 employees to lower-cost locations like China, India and Mexico as North America's biggest maker of telephone equipment struggles to shore up its profits.
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AT&amp;T Corp., the largest US long-distance telephone company, will eliminate 20 percent of its work force this year and write down $11.
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AT&T Corp.  will cut about 7,000 jobs and reduce the value of its assets by &#36;11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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ZDNet&#39;s survey of IT professionals in August kept Wired &amp; Wireless on top for the 18th month in a row. AT&amp;T will cut about 7,000 jobs and reduce the value of its assets by $11.
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EarthLink Inc said on Tuesday it will  cut about 900 jobs, or nearly half its staff, as part of a  restructuring to reduce costs at the Internet service provider.
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AT&amp;T Corp. swung to a third-quarter loss of $7.12 billion due to huge charges from the company&#39;s retreat from traditional telephone services, which included at least 7,500 more job cuts and a writedown in the value of the company&#39;s long-distance network.
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NEW YORK (CP) - AT&amp;T is deepening its job cuts and now expects to eliminate 20 per cent of its workforce this year. The formerly dominant long-distance telecommunications operator also said Thursday it will
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NEW YORK -- AT&amp;T is cutting 7,400 additional jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company&#39;s plan to retreat from the traditional consumer telephone business after a lost court battle.
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AT&T will add about 2,000 previously outsourced technical support jobs to its own payroll, the company announced Thursday.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut about 7,000 jobs and reduce the value of its assets by $11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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America Online, the world&#39;s largest Internet service provider, is preparing to cut its workforce by more than 700 employees early next month to cut costs, The Washington Post reported on Tuesday.
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NEW YORK - AT&T Corp. is cutting 7,400 more jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company's plan to retreat from the traditional consumer telephone business following a lost court battle...
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Cingular Wireless, the nation's largest cellular phone company, plans to cut about 10 percent of its work force as a result of its purchase of AT&T Wireless.