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Streamlining AT&T Plans 4,600 Layoffs

Posted Apr 18, 08 2:23 PM CDT in Technology,  Business 

(Newser) – As it adjusts its business model to lowered demand for landlines, AT&T will lay off 4,600 employees, the Wall Street Journal reports. The company plans to create about the same number of new wireless, broadband, and TV jobs, a trade-off that will create savings through dropping more senior, white-collar workers. "There are parts of the business that are growing and others that are not," a spokesman said.

Source Wall Street Journal

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Declines in the landline telephone market have resulted in layoffs of about 4600 white-collar workers at AT&T.   (Flickr)
The AT&T logo is seen on a building in San Antonio, Monday, April 23, 2007.   (AP Photo/Eric Gay)
With the rise of cell phone usage, AT&T has seen a drop in its landline business, resulting in layoffs. The company will add jobs in the wireless and broadband areas.   (Flickr)
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