SBC to Cut About 13,000 Jobs
SBC Communications plans to terminate approximately 13,000 jobs after its acquisition of AT&T closes.
SBC claims that many of the jobs will be cut through attrition as opposed to layoffs.
According to a Seattle Times article,
“The projection came during an occasionally heated meeting with investors a day after SBC announced plans to acquire AT&T, its former corporate parent, in a deal that would create one of the world’s biggest telecommunications companies on numerous fronts.
The cuts would come in addition to existing plans at the two companies to eliminate at least 12,000 jobs before the merger is finalized at least a year from now. Combined, the 25,000 expected cuts represent about 12 percent of the current work force at the two companies.”
Many of the job cuts will take place in management and administrative positions, as well as sales and customer support positions.
WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.