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

[OhioChick]

Source: AP

2 hours ago

NEW YORK (AP) — 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.

The San Antonio-based company said in a regulatory filing that it plans to take a $374 million first-quarter pretax charge against earnings due to the job cuts. The company reports first-quarter earnings on Tuesday.

The company had 309,500 employees at the end of last year. When it announced the acquisition of BellSouth Corp. in 2006, it has said it would cut 10,000 jobs over three years from the combined company to eliminate overlap. The cuts announced Friday are not part of that reduction, and is the largest announcement of job cuts by the company since then.



Read more: http://ap.google.com/article/ALeqM5i5j6ka94n-N5MmmXWtlwVQTI2ysAD904GEBO0

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More jobs lost....

[truthisfreedom]

1. Thanks, bushco! The bad news administration strikes again!

They must be breaking records for the most things going wrong at once during any given administration.

[SlicerDicer-]

17. Rasing the bar for sure..

[SpiralHawk]

2. republiconomics lead to layoffs worsening the Republicon Recession

Thanks a pantload, republicon homelanders.

You so-called conservatives, you.

[babylonsister]

3. I imagine this doesn't mean my bill will go down. Who's

going to be lining their pocket(s) even further, screw the worker bees? And they're getting rid of corp. employees, in finance? Oy.

[OhioChick]

4. Don't bank on that bill going down....

Mine keeps going up.

[BeHereNow]

5. yet another twist of the corporate screw...

Another multi national mega corporation puts even more
power and money into the hands of even fewer people.

We are so fucked.

BHN

[stlsaxman]

9. Hey BHN "We're So Fucked" should be your sig line... you're writing it often enough these days.

unfortunately, it's so fuckin' true. I may change mine to it as well.

[BeHereNow]

10. What's wrong with your computer?

Every one KNOWS "We are totally FUCKED" IS my sig line!


:smoke:
BHN

[stlsaxman]

11. HAHAHAHAHAAAH!!!

:rofl:

DU seriously needs a forehead slapping emoticon for BFOs like that!

[BeHereNow]

12. Heh, what's BFO?

BHN

[stlsaxman]

13. Blinding Flash of the Obvious...

sorry... heheh

[Amerigo Vespucci]

6. George W. Oedipus Motherf**king Worthless Dry Drunk A.W.O.L. Cokespoon Bush has a few words for you:

Bush's great ambition: wealthy boredom

· President tells of regrets in office and retirement plans

http://www.guardian.co.uk/world/2007/sep/03/usa.edpilkington



Jimmy Carter has dedicated his life after the White House to conflict resolution around the world. Presidents George Bush the elder and Bill Clinton have campaigned together on behalf of communities devastated by Hurricane Katrina. So how does President George Bush junior imagine spending his retirement years?

"I can just envision getting in the car, getting bored, going down to the ranch," he says. He also has big plans for making money. "I'll give some speeches, to replenish the ol' coffers," says Mr Bush, who is already estimated to be worth $20m. "I don't know what my dad gets - it's more than 50-75 , and "Clinton's making a lot of money".

The insights into Mr Bush's ambitions once he steps down from the most powerful job on Earth in January 2009 are contained in a series of interviews he gave to a journalist from GQ magazine. It may be that the writer, Robert Draper, comes from Texas, like his subject, but whatever the reason, Mr Bush has chosen to be singularly open with the author and provide a rare glimpse into the inner life of a very private president.

During the course of six one-hour interviews, Mr Bush, feet up on his desk, munching on low-fat hotdogs, tells Draper of the loneliness of the US commander-in-chief. "Self-pity is the worst thing that can happen to a presidency. This is a job where you can have a lot of self-pity," Mr Bush says.

[ihavenobias]

7. K & R

[gateley]

8. Can't they TRANSFER/TRAIN some of these 4600 workers to "support the

growth areas" instead of hiring additional employees? Am I not getting something?

[Codedonkey]

16. Well, that might be a reasonable question with some jobs, but I think you might have a hard time

training an accountant or unix systems programmer to be a wireless network engineer...

[GetTheRightVote]

14. another cheap shot at the working class, there on last layoff

It was all for corporate profits and they really did not need to do it.
They gave the same excuse then as well as now.

[Name removed]

15. Deleted message

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