AT&T Puts More Jobs on the Chopping Block [telecom]

By Matt Kapko

AT&T is weighing a long list of plans to cut tens of billions of dollars in costs that will likely result in even more dramatic job losses for the connectivity and entertainment giant's employees. The company previously said it plans to cut $1.5 billion in labor-related costs this year.

John Stankey, the company's president and COO who is widely expected to be next in line for the CEO role, said AT&T is looking at "10 broad initiatives that we believe can generate double digits of billions over a three-year planning cycle" at an investor conference.

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Posted 5 years ago by Moderator in General Telecommunications Forum

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