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AT&T Layoffs Just the Beginning of Telecom Pain

Reduced consumer spending will result in cycles of layoffs and decreased capital expenditure

By Nick McMaster, Newser Staff

Posted Dec 5, 2008 1:59 PM CST

(Newser) – AT&T’s elimination of 12,000 jobs is just the beginning of cutbacks that will radiate throughout the telecom industry, BusinessWeek reports. As pinched consumers cut back on communication spending, job and capital-expenditure reductions will only continue. One surprising statistic shows how consumers are... Read full story »

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AT&T Layoffs Just the Beginning of Telecom Pain

Reduced consumer spending will result in cycles of layoffs and decreased capital expenditure

cell phones • iPhone • telecom • subscription • revenue • AT&T • financial crisis

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Timing coincides with network upgrade, which could make this zillionth prediction credible

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Rumor has it that AT&T will underwrite $200 of the handset's cost

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