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Tuesday, Apr 16, 2024

AT & T; to cut about 4,600 jobs, sees $374 million 1Q charge

NEW YORK — AT & T; Inc. on Friday said it plans to cut about 4,600 jobs, or 1.5 percent of its work force, to shift resources to growing parts of its business. The nation’s largest telecommunications provider said most of the layoffs will be among managers, particularly in wireline operations, including local phone service and service for large corporate customers. Jobs in corporate functions in like finance will also be cut. “Even with the reductions announced today, we expect our head count overall to remain stable this year as we hire additional employees to support growth areas like wireless and TV,” said spokesman Michael Coe. For the full story visit http://www.latimes.com/business/nationworld/wire/ats-ap_business13apr18,1,6181518.story

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