Tech & Biz

AT&T Lays Off 12,000 Employees

by Jordan Yerman | December 4, 2008 at 07:23 am

992 views | 5 Recommendations | 5 comments

The layoffs continue across the tech industry. Telecom giant AT&T is downsizing 12,000 of its staff.

The Texas-based communications company will be adding new jobs in "other areas", though it's unclear which parts of the company are affected by these layoffs.

The company cited economic pressures and a changing business mix as the reasons behind the cuts.

AT&T also said it plans to reduce its 2009 capital expenditures from 2008 levels. The company said it would issue more specific financial guidance in January, when it announces its fourth-quarter results.

It did say, however, that as a result of the layoffs, it would take a charge of approximately $600 million in the fourth quarter of 2008 to pay severance to affected employees.

The Dallas, Texas-based company said the "planned reduction of approximately 12,000 jobs, or about four percent of the company's total workforce" would occur in December and throughout next year.

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Uwe Paschen

at 11:41 on December 4th, 2008

What is the total number off lay off's by now? It must be in the 2 millions or over.

Judy McNally (not verified)

at 12:27 on December 11th, 2008

Our company, Esys The Energy Control Company, located in Bakersfield, CA is hiring. We are always looking for techs. How can I get in touch with those who have been laid off?

Judy McNally (not verified)

at 12:56 on December 11th, 2008

Our company, Esys The Energy Control Company in Bakersfield, Ca is hiring for tech positions. How can I get in touch with those employees laid of by AT&T?

AS (not verified)

at 15:22 on December 21st, 2008

Once again I have been laid off from AT&T.. first in december 2004 (when it was SBC) now again December 2008!!. I was rehired just this past March as a Limited Term Service Rep which "supposedly" guaranteed a minimum of 1 year employment not to exceed 3 years!!! We were all given a 3 day notice (on tuesday, only after it leaked out & questioned management ) that our term was up & our benefits are good until December 31!!! (Otherwise management planned on telling us on friday, while handing us our final check) What a way to treat any employee .. now we all have to spend the holiday season filing for unemployment & rescheduling doctor and dentist appointments before 2009!!

Max Boisrond (not verified)

at 13:24 on December 23rd, 2008

Hey I am a head hunter that has LOT's of techincal candidates, can you tell me who I can contact Miss Judy McNally? You can reach me at mboisrond@staffitinfo.com Max Boisrond 516-755-9595