Cingular To Cut 10 Percent of Workforce
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ATLANTA - With the merger of AT&amp;T Wireless complete, Cingular is making plans to cut its 68,000-person workforce by 10 percent, the companyâs CEO told The Associated Press on Tuesday.
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The nationâs premier center for plumbing the mysteries of the universe in the tiniest bits of matter is planning to lay off more than 10 percent of its employees.
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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BT&quot;&gt; SBC Communications, the nation&#39;s second-largest telephone company, will eliminate 10,000 jobs by the end of next year, according to a filing made yesterday with securities regulators.
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Cingular Wireless plans to cut about 10 percent of its work force next year as the company adjusts to complete its recent merger with Redmond-based AT&amp;T Wireless Services inc.
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FBR Capital Markets, the Arlington investment bank, said yesterday it would lay off 10 percent of its workforce "in response to adverse market conditions."
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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AT&amp;T Corp. said it would restructure its business, cutting 20 percent of its jobs and writing down the value of its network by $11.
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Cingular Wireless LLC plans to cut at least 10 percent of its newly combined staff, or around 7,000 of its 68,000-strong workforce, chief Stan Sigman said.
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Nortel Networks Corp. NT.TO said on  Thursday it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and vacate real  estate in a cost-cutting plan that will save $500 million in  2005.
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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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Intel Corp. INTC.O said on   Tuesday it will cut a total of 10,500 workers, or 10 percent of   its workforce, by the middle of next year, as part of a   restructuring aimed at making the world's biggest chipmaker   more competitive.
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Cingular, soon to be the United States&#39; largest cellular network, will drop the AT&amp;T brand six months after it completes its merger with AT&amp;T Wireless.
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The scandal-beset company will also lay off about 10 percent of its work force.
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SBC Communications said in a quarterly filing that it will lay off 10,000 workers by the end of next year but plans to continue hiring in its wireless and broadband access divisions.