Cingular Confirms Job Cuts
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Layoffs at Cingular Wireless were inevitable after it acquired AT&amp;T Wireless, but what&#39;s with the timing? A Cingular spokesman yesterday confirmed an Associated Press report that Cingular
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The &#36;41 billion merger between Cingular Wireless LLC and AT&T Wireless Services Inc. won approval from the Federal Communications Commission yesterday, according to federal sources close to the agency, paving the way for major changes in the lucrative wireless-phone market.
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Cingular Wireless expects to cut its work force of 68,000 by about 10 percent over the next year to 18 months as it digests its merger with AT&amp;T Wireless Services, Cingular&#39;s chief executive has said.
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A final decision by the US Federal Communications Commission on Cingular Wireless&#39; proposed purchase of AT&amp;T Wireless Services Inc.
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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals. The cuts represent 7.8 percent of the division's workforce.
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US mobile firm Cingular is laying off 7,000 people, or ten per cent of its workforce, as part of its integration of AT&amp;T&#39;s wireless unit.
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Cingular said it closed its &#36;41 billion purchase AT&amp;T Wireless on Tuesday. Cingular received approval for the deal earlier in the day from the Federal Communications Commission. The Department of Justice approved the acquisition on Monday.
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The Wall Street Journal reports that the No. 3 cell phone operator in the country is preparing to lay off thousands of workers to help get its business back on track.
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WASHINGTON, Oct 26  - Cingular Wireless Corp. announced Tuesday it had completed a 41-billion-dollar takeover of AT and T Wireless after winning final clearance from US regulators.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said it would cut 1,000 jobs  in three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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NOVEMBER 24, 2004  - With its acquisition of AT&amp;T Wireless Services Inc. complete (see story), Cingular Wireless LLC is preparing to lay off about 10% of its 68,000 workers over a 12- to 18-month period starting next year.
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Cingular Wireless, the nation's largest cellular phone company, plans to cut about 10 percent of its work force, or 7,000 jobs.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.
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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.
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The announcement comes after Sprint last week reported deeper-than-expected customer losses for the fourth quarter and said it would cut about 4,000 jobs in a bid to reduce costs.
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Cingular Wireless on Tuesday closed its &#36;41 billion cash purchase of AT&T Wireless Services Inc. , creating the biggest U.S. mobile service with more than 46 million customers.
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Cingular Wireless, the nation&#39;s largest wireless carrier following the company&#39;s merger with AT&amp;T Wireless, said Wednesday that it has completed integration activities ahead of schedule and now expects merger-related cost savings to exceed prior estimates