AT&T Announces Job Cuts

Story Published: Apr 18, 2008 at 10:19 AM EDT

Story Updated: Apr 18, 2008 at 10:19 AM EDT

AT&T Inc. says it plans to cut about 4,600 jobs,
or 1.5 percent of its work force.
The San Antonio-based phone company formed when AT&T and SBC
combined says it will cut 1.5 percent of its total staff as it
integrates several businesses and streamlines operations.
The nation's largest telecommunications provider said in a
regulatory filing Friday it plans to take a $374 million
first-quarter pretax charge against earnings related to the jobs
cuts.
AT&T says most of the jobs being cut are at the management
level, and that overall employment will remain steady in 2008 as it
invests in "growth areas." The company had about 309,000
employees at the end of 2007.

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