AT&T slashing 1.5 percent of workforce
Filed under: Cellphones, Wireless, Networking
Facing down a “sluggish” economy and in light of some recent regional acquisitions, AT&T announced today that it’ll be cutting about 1.5 percent of its workforce, primarily concentrating on management. The company calls it the “next step in streamlining its operations,” and will shelling out about $375 million in Q1 to make the layoffs happen. According to some dubious maths perpetrated by the Engadget staff, 1.5 percent of AT&T’s workforce is about 4,635.75 humans, not a minuscule cut by a long shot. We’d certainly hate to be in Mr. 75 percent’s shoes right now.
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