Streamlining AT&T Plans 4,600 Layoffs
TV, wireless hires will offset white-collar landline losses
By Katherine Thompson,  Newser Staff
Posted Apr 18, 2008 2:23 PM CDT
Declines in the landline telephone market have resulted in layoffs of about 4600 white-collar workers at AT&T.   (Flickr)
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(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.