AT&#38;T to take back outsourced jobs
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Will hire about 2,000 of its own employees to handle tech support work that had been done by outside contractors.
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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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Job trimming at technology companies took off during the past three months, according to a new report.
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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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SBC, the second-biggest US phone company, plans to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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AT&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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AT&amp;T Corp. said Thursday that California&#39;s decision to raise wholesale telephone rates will decrease competition between local carriers.
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AT&amp;T Corp. said it will cut 7,400 more jobs this year and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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AT&T said today it plans to move 2,000 outsourced tech support jobs onto its payroll by late 2008.
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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, 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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Takes one for the union AT&amp;T is to return 2,000 outsourced DSL broadband support jobs, based in the US and overseas, to its payroll, following a union agreement over pay rates.â¦
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AT&amp;T Corp. said it will cut one-fifth of its work force this year -- or 7,400 more jobs -- and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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US phone company SBC says it expects to cut nearly 13,000 jobs following its $16bn takeover of AT&T.
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US telecom giant AT and T will shrink even further, announcing on Thursday it would cut 20 percent of its workforce in 2004 and take an $US11.
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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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JP Morgan Chase is cancelling a $5bn IT outsourcing deal with IBM and bringing the service back in-house. IBM will hand over the running of the investment bank&#39;s data centres, help desks, distributed computing, data and voice networks from January 2005.