AT&T to cut 12,000 jobs

AT&T to cut 12,000 jobs
AT&T has decided to cut 12,000 jobs because of the slowing economy. The lay offs will start to take place from 2008 and roll into 2009.

The No.1 phone company has stated that the 4% lay off of its workforce is also due to in part of 'a changing business mix and a more structural organizational structure'. With a decline in land line sales due to cheaper VOIP plans and customers switching from landlines to wireless services, AT&T's profit margin has also been hit by the subsidies given to users for the iPhones.

Ironically, the good news is that with the wireless industry growing, AT&T is hiring in the wireless sector.

The company is said to pay off $600 million in severance pay.

source: Yahoo

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84 Comments

1. Pings unregistered

The No.1 for how long a week or two? VZW's merg with Alltel is at the end of the month.

2. unregistered

I don't like at&t, but even for them that sucks for the employees, I think I would be stressed if I had read this and worked for them wondering if it would be me. If they're number 1, why would they really need to let people go if they supposedly make so much.

3. unregistered

a week or two? VZw has to divest 105 markets........ that is gonna take a lil longer than a week or 3 not to mention they have to give all the altell subscribers to option out. If you think altell subscribers will stay on you might be kidding yourself considering the major hike they are going to have to committ too...... Dont be gay all of your life

4. vzw fanman unregistered

haha lol so where would the altell subscribers go? to at&t or sprint? i would say most of them would stay with vz. i think he was being saracastic saying a week or two duhhhh

5. unregistered

You're naive to think that divesting markets will keep customers around. I've worked around similar situations in the wireless industry and one company telling customers, "sorry we can't offer you service anymore under this name... yada yada yada" generally doesn't make a customer too happy.

6. unregistered

Don't hate appreciate! Verizon is the #1 company now since the merge of Alltel. We do it big time baby!

7. unregistered

#3 don't be stupid all your life. It's called being grandfathered in. They will keep the same plans until they decide they WANT to change them. Verizon isn't going to make them change their plans, it would be stupid to. They will keep most of the customers, it's just how it will work. So please don't be stupid and ignorant all your life.

10. UrWack unregistered

I hope that you're capable of following your own advice.

12. unregistered

we have to DIVEST 13 more markets, whixh is almost complete. Yes a week or two is a very accurate statement, we have already rolled out the welcome guides and transistional paperwork for alltel customers .

14. unregistered

apperantly you guys didnt read the article correctly. they said #1 phone company. not wireless company. they are talking about wireless and landline.

17. Me unregistered

Yeah, but that is the cheating way to do it...

20. unregistered

#5, you must work for AT&Tingular...

21. unregistered

Are you all morons, or just lacking basic reading comprehension? They're talking about AT&T as whole, not just their wireless division.

75. unregistered

haha~~and here comes the vzw fanboy~~is always fun to watch~~

8. unregistered

I wanted to throw my hat into the mix and just state this. When Alltell Is dissolved into VZW, VZW will offer alltell custs to either keep their plans the way they are(for as long as they want, contract end date and beyond) or change to a VZW plan. Vzw has done the same with Qwest, Unicell, and others and will do the same with alltell customers. So my point is I only wish that people would think/research before they speak.

31. unregistered

They did not do that when they acquired SureWest earlier this year... I wish that people would think/research before they speak... They lost a good amount of SureWest customers (as did they keep a good amount as well) due to the fact that they had shut off some people's service at the end of some set time given them by VZW. Many customers were not able to keep their plans and were given a set time to change. To be honest, I am not sure what you are thinking or where you are researching before you make some obscene claim like that. Verizon will not lose a crap-load of Alltell customers when the merge is completed. They will lose some, but not any number like half. To think Verizon will simply "let" all their newly acquired customers keep their exist plan AND features is asinine. Good luck. To you, take your own advice, do a little bit of your own homework, and quit being such a little VZW Fanboy Bitch.

54. unregistered

#35. We retained 88% of SureWest customers when the aquisition took place, and those who were grandfathered in are still on thos plans. your full of shit GaYt&t cock rider.

57. unregistered

Many SureWest customers received letters informing them that they could not keep their unlimited text features, some of their plans and so forth, bitch. I personally helped customers who received those letters AND customer who has their service completely shut off. Serious Dick Face, take the balls that Verizon has resting on your chin, and get a life.

58. unregistered

Yeah, it is a little tough to be grandfathered in on a plan that was shut off, huh? Haha!

80. bbold2

Posts: 17; Member since: Dec 30, 2008

i mean seroiusly are we in kindergarden? all this name calling, and for what? cause someone disagreed as far as if verizon is going to let alltel keep their plans?? i mean seriously get off the "im a tough internet bully" and talk like a human w/ respect for people.. geeze..

9. unregistered

I wanted to throw my hat into the mix and just state this. When Alltell Is dissolved into VZW, VZW will offer alltell custs to either keep their plans the way they are(for as long as they want, contract end date and beyond) or change to a VZW plan. Vzw has done the same with Qwest, Unicell, and others and will do the same with alltell customers. So my point is I only wish that people would think/research before they speak.

11. unregistered

leave it to vzw fanboys to comment on something that has nothing to do with their company... this article is about at&t employees losing their jobs... and you fanboys come on here and start going to bat for vzw... its filth like you that make this site more horrid by the day... i dont have a problem with you guys on vzw articles, but for the sake of god, leave the comments for something based on the article... and yes, vzw will be the number 1 provider (in terms of subscribers)... but not yet... at the time of this article being written, at&t is number 1.... so leave it alone...

13. vzw fanman unregistered

haha lol..stop using FANBOY it is a gay name! my sincere apologiez go out to all the at&t people who got fired lol, that what you want me to say dude?

36. unregistered

Ok, you wanna be called fanman? And that is less gay??? nice, fanboy. Besides, fanboy fits you well...Gay.

40. vzw fanman unregistered

haha lol i dont want to be called anything dude, i just use that as a username bc everyone would say "fanboy" anyway. fanboy what a gay name. call me a verizon idiot, moron, suckup, fan, rep or what ever but not FANBOY haha lol. boys will be boys by panic at the disco...BTW hahahaha lol, a movie is coming out in 2009 called FANBOYS

66. unregistered

your only further proving his point....your bating for the wrong network....btw what ever happened to an unlocked network....and alltel was around for customers who still wanted good coverage...but hated vzw

15. unregistered

You morons it is talking about Landline services. Verizon "not verizon wireless" is not even close to competing with AT&Ts landline services.

16. unregistered

"Ironically, the good news is that with the wireless industry growing, AT&T is hiring in the wireless sector." So all you vzw idiots are making it look like at&ts going under, when theyre hiring because of good business. typical vzw morons. yelling at the top of their lungs why their employer is number1. some people love the evil empire, most dont. whatever you rednecks like, thats fine. just dont forget to go to your evangelical church and praise verizon.

18. unregistered

#19 seriously you have a problem. You just can't help to hate that verizon is taking over the wireless communication. I would be concern that at&t are laying people off and who knows how bad this could end. The only good thing at&t has going for them is the iphone, "but" soon we will have an iphone of our own. Could you imagine that? The iphone on the biggest, best reliable network... It's actually kind of scary to think that at&t might actually loose it all!!!

23. unregistered

Wow straight from a commercial... first off if you look at the Markets for cell phone companies. It is no longer a battle for who has the most subscribers. AT&T focuses on people ages 15-30 focusing mostly on indiviual plans. Verizon focuses on ages 15-40 with attention directed toward families. Sprint focuses on ages 20-55 with attention directed towards buisness. All three are the best at there catagories and only offer a mix of plans beacause it would be bad buisness not to. So yes AT&T is #1 if you like gsm and want an iPhone VZW is number one for calling area and high bills Sprint is number one for buisness phones and wireless broadband* If you want to argue about the wireless broadband do some research of your own dont just take what a commercial says.

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