December 5, 2008

Less Bars in Less places: AT&T to eliminate 12,000 jobs

According to Market Watch: “AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its workforce, and spend less on new equipment in 2009 in response to a weakening economy.
The Dallas-based phone giant, which had 303,000 employees at the end of the third quarter, becomes the latest corporate bellwether to announce major layoffs. Also on Thursday, DuPont, Viacom and Credit Suisse said they would cull jobs.”

Update: AT&T Layoffs: The Tip of a Telecom Downturn

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