Tuesday, April 22, 2008
AT&T Laying Off 4,600 Employees
Posted by Jerry Raia in "Smartphone Talk" @ 07:00 AM
"It looks like upper level executives aren’t the only vulnerable ones over at AT&T. The company announced today that it will be laying off 1.5% of its workforce, amounting to about 4,600 individual workers. AT&T has already begun the process, and is currently notifying the affected employees. The company gave no indication about the specific motivations behind the severance notices, but general economic malaise, combined with declining phone prices and increased network deployment costs seem to be to blame."
The layoff is mostly aimed at middle management and the wireline part of the company. Let's face it a good number of people are abandoning them completely. It looks like they are cleaning out the dead wood in middle management mostly.
- Discuss this story
- Permalink