AT&amp;T Plans More Cuts In Workforce
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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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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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The blood-letting continued yesterday at AT&amp;T as the once-mighty phone company announced it has increased the number of layoffs to 20 percent of its workforce, or 12,300
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Cingular Wireless LLC, the largest wireless operator in the US following its $41 billion acquisition of AT&amp;T Wireless Service Inc, plans to axe 7,000 jobs, about 10% of the post-merger workforce.
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NEW YORK -- AT&amp;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.
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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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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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Motorola Inc. , the world's second-biggest mobile phone maker, said it expects to cut an additional 4,000 jobs, bringing the total to 7,500 this year, as it works to reduce costs to return to profit.
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AT&amp;T, the US telecommunications group, yesterday said it will take a restructuring charge of about $1.1 billion in the third quarter mainly to cover the cost of about 7,000 job cuts and revalue downward its assets by $11.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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SBC Communications, one of the biggest US phone companies, is planning to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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AT&amp;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&#39;s plan to retreat from the traditional consumer telephone business following a lost court battle.
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CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
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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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Cingular Wireless, the nation&#39;s largest cellular phone company, plans to cut about 10 percent of its work force, or 7,000 jobs, as a result of its purchase of AT&amp;T Wireless, the company said yesterday.
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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 said today it plans to move 2,000 outsourced tech support jobs onto its payroll by late 2008.