AT&T Plans to Cut 4,600 Jobs in 2004

[maddezmom]

AT&T Plans to Cut 4,600 Jobs in 2004
February 25, 2004 4:02:00 PM ET



NEW YORK (Reuters) - AT&T Corp. (T) on Wednesday told analysts it was planning to cut 8 percent of its workforce, or about 4,600 jobs, this year in a drive to cut costs.

The largest U.S. long-distance company said the moves would save about $400 million this year, and leave it with about 57,000 employees. AT&T Senior Vice President and Chief Financial Officer Thomas Horton said the company cut 18 percent of its workforce in 2003 and saved $800 million.

http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20040225&ID=3432571

[tom_paine]

1. In other news, India will gain 4500 "telecommunication" jobs in 2004

:puke:

[Kahuna]

9. Riiiight. As a former AT&Ter until 2003, I can guarantee..

this is true. the jobs aren't going away. They're being deported.

[GainesT1958]

11. You know they're headed...

Straight to Bombay with THOSE jobs!x(

Only problem for the Indians destined to become AT&T employees...

In ten years or so, you'll all find your jobs out-sourced to Viet Nam! :eyes:

B-)

[mhr]

2. And People Wonder Why It Is So Hard To Find A High-Tech Job These Days

eom

[lastknowngood]

3. What a booming economy! you wont see this on the news

it will all be 24/7 GAY MARRIAGE!

[Claire Beth]

4. what next !!???!!! n/t

[drscm]

5. Is this part of the 2 million jobs * is creating

overseas?

[74dodgedart]

6. See, the tax cuts are working

[TXDemGal]

7. Don't sweat it, AT&Ters

I'm sure you'll be able to retrain as a Burger Structural Engineer at one of your local fast food eateries in no time.

ABB '04!

[BR_Parkway]

8. They cut 1 out of 5 jobs in 2003 and no one is yelling?!?

"said the company cut 18 percent of its workforce in 2003"

ok, 1 out of 5.33 or so, but you get the point.

[CaptainClark23]

10. tick..tick...tick...tick...n/t

[hatrack]

12. There's just no stopping the momentum of this awesome recovery!!

I'm glad I'm not 18 and about to graduate high school - I would have absolutely no idea about what to do next.

[colonel odis]

17. you wouldn't have to worry about it

you'd be drafted.

[yellowcanine]

13. Not to worry, AT&T People-according to my Bush Job Creation Calculator...

there should be more than 40 new jobs available to you for the one that you lost.

[Zero Gravitas]

19. but

you'd have work 50 of them to get the same pay and benefits as the old one had! :)

[Yavin4]

14. You See 4,600 Job Cuts

I see 4,600 self-employed, new economy contractors.
</end sarcasm>

The same people who ridiculed the dotcoms are now praising self-employed contractors.

[salin]

15. lookie here.. according to some of the bushies.. these will be an 'export'

that will make the size of the trade deficit seem to shrink a little.

[JasonBerry]

16. On and on

These reports seem to be coming more and more frequently. Where is this great economy???? Job loss, outsourcing, etc. is our ticket to win in November. The people versus the boardrooms.

[Yavin4]

18. It Really Shows The Level of Corporate Greed

You'd think that these corporations would hold off on any layoffs at least until after the election. This addiction to greed overcomes all rational thinking.

[mbperrin]

20. Wow! Look at the *Bush job machine

go!

[Protagoras]

21. Oh the sweet smell

of recovery..erp.

[osaMABUSh]

22. They can always get a manufacturing job at McDonalds

http://blog.johnkerry.com/blog/archives/001214.html

[shanti]

23. didn't at&t just merge with cingular?

maybe this is the reason for the job loss.

[Name removed]

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