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AT&T plans layoffs despite claiming tax cut would create 7,000 jobs
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| Contributor | RP |
| Last Edited | RP Jan 09, 2019 05:05pm |
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| Category | Announcement |
| Author | Jon Brodkin |
| News Date | Wednesday, January 9, 2019 07:30:00 PM UTC0:0 |
| Description | AT&T is reportedly planning a significant round of layoffs, despite receiving a large tax break and various regulatory favors such as the repeal of net neutrality rules.
AT&T expects to finalize specifics of the layoffs later this month, but it already briefed managers on the plan in an internal memo last week, Motherboard wrote.
"To win in this new world, we must continue to lower costs and keep getting faster, leaner, and more agile," AT&T Technology and Operations President Jeff McElfresh reportedly told employees in the memo. "This includes reductions in our organization, and others across the company, which will begin later this month and take place over several months."
AT&T's internal memo on the planned layoffs advises managers on how to explain why the tax cut didn't prevent layoffs, according to Motherboard. |
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