AT&T announces job cuts

21 Apr 2008

AT&T Inc, the largest telco in the US, has said it plans to lay off 4,600 staff which equates to around 1.5% of its total workforce. The job cuts will mainly affect management-level workers at the firm’s domestic wireline business. AT&T says it will take a USD374 million pre-tax charge in the first quarter as a result of the cuts. The telco announced a streamlining plan towards the end of last year which will see 10,000 jobs lost over a three-year period.

Separately, AT&T has completed its acquisition of Edge Wireless, a cellular operator which has networks in Oregon, Idaho, Wyoming and northern California. AT&T has begun the process to integrate Edge Wireless’ networks with its own. The firm says its national wireless network now covers 290 million people.

United States, AT&T