Feeds

AT&T will slash 12,000 from workforce

Telco cuts off 4% of workers

Gartner critical capabilities for enterprise endpoint backup

AT&T is laying off 12,000 staff and putting the blame on the economy and "a changing business mix".

The cuts amount to roughly four per cent of the US telecoms giant's total workforce.

The telco said it was moving to a more streamlined structure and would cut capital expenditure in 2009 - it is finalising budgets now and will give more details when it posts final results in January.

The redundancies will cost $600m in severance and related charges. The company said many non-management staff were protected by union contracts - all staff will get severance payments in line with union or other agreements.

Although the overall headcount is falling, AT&T said it was still hiring in some areas - wireless, video and broadband - where consumer demand remained strong.

The full statement is here.

Last month AT&T announced new customers in Reno, Nevada would be subject to bandwidth caps, after which they will face additional charges. ®

Boost IT visibility and business value

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.