AT&T Cuts Jobs at Call Centers as It Struggles to Regroup
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Industry analysts expect close to 10,000 job cuts in the coming weeks so that the workers can be removed from AT&T's books by the end of the year.
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AT&T Inc  Chief Executive Randall  Stephenson said on Tuesday the phone company was experiencing  softness in its consumer business, sending its shares sharply  lower in late-day trading.
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Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure. This is not the first time when the bank reduces jobs.
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SBC Communications Inc. expects to eliminate about 13,000 jobs after its $16 billion acquisition of AT&amp;T Corp. closes, but the phone company said yesterday that many positions can be cut through attrition.
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The cellphone-network equipment maker said that it would cut up to 4,000 jobs, about 5.4 percent of its work force, after profit plunged 42 percent in the fourth quarter.
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Intel (INTC ) and AT&amp;T (T ): The two icons of American business are both a bit down on their luck these days. In the past five years AT&amp;T has plunged from its perch as one of the world&#39;s most powerful communications
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The drastic moves were prompted by AT&T's plan to retreat from the consumer telephone business following a lost court battle.
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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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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. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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In an age when calling customer service more and more means talking to a call center in the Midwest or overseas, Comcast Corp. is going against the flow and returning hundreds of customer-service jobs to New England.
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AT&amp;T is slashing its payroll by an additional 7,400 jobs and cutting the book value of its assets by $11.4 billion as it seeks to cope with declining revenue from its consumer and business segments.
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Cingular Wireless will cut close to 10% of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently acquired AT&amp;T Wireless, the chief executive of the nation&#39;s largest cell phone company said Tuesday in an
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The AT&amp;T Corporation, the nation&#39;s largest long-distance provider, said yesterday that it would eliminate more than 20 percent of its work force this year and write off $11.
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AT&amp;T Corp., the former monopoly that once dominated the US phone market, said Thursday it will cut another 20 per cent of its workforce and suffer an asset writedown of US$11.
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Delays in AT&T's phone activation system left some people unable to use their new toy throughout the weekend.
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Cingular Wireless, the nation&#39;s largest cellphone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently