Layoff News
AT&T announced on April 20 that it reduced its workforce by 5,900 in the first quarter of 2011. The layoffs came in part because of a 3.2% drop in the company’s landline business.
According to company spokesman, Marty Richter, “Reduction in headcount was due to a number of factors including normal attrition and surpluses in our shrinking wireline business.” Richter also said that the company is adding jobs and growing in other places, including U-verse installation and in retail stores.
According to Joe Bonner, who is a telecom securities analyst at Argus Research Company, AT&T loses around 12% of its landline income each year, so these recent job cuts are nothing new for the company.
Even with these cuts, AT&T still had 260,690 employees, although this year’s potential merger with T-Mobile could result in thousands of layoffs as well.
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