Hold AT&T responsible: AT&T’s $6 billion cost-cutting plan could be just the beginning, analysts say

From The Dallas Morning News:

AT&T’s cost-cutting measures revealed earlier this week may just be the tip of the iceberg as an increasing number of forces pressure the company to accelerate transformation, analysts say.

The Dallas-based telecom giant will cut 3,400 clerical and technician jobs over the next several weeks and close 250 company-branded and Cricket Wireless stores affecting an additional 1,300 retail jobs, according to the Communication Workers of America union that represents about 100,000 AT&T employees.

The technician layoffs and retail jobs are all CWA-represented positions, according to the union.

AT&T executives described the company’s plan to pare down stores and cleave $6 billion from its operations in meetings this week with investors. The company won’t have “as many stores as we did before COVID,” AT&T Communications CEO Jeff McElfresh told investors Tuesday. Two days later, CFO John Stephens reiterated AT&T’s commitment to reduce spending.

Continue reading AT&T’s $6 billion cost-cutting plan could be just the beginning, analysts say on The Dallas Morning News

Or take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Top DISH Network story from Forbes: DISH Network And Walt Disney Company Do A Rare ‘Handshake’ Carriage Agreement For Cable Networks

From Forbes: In a rarity in the cable network industry, after the Walt DisneyDIS Company pulled down its networks...

Take action against PayPal: PayPal’s ‘once beloved story’ is ‘back in vogue’ despite some noise

From MarketWatch: The stock fared better later in the month after Amazon.com Inc. AMZN, -5.04% announced that it was finally...

Earn a big cash back bonus with Chase Ink Business Cash and Unlimited cards, Warns USA TODAY

From USA TODAY: — Our editors review and recommend products to help you buy the stuff you need. If you...

Hold Wells Fargo responsible: Wells Fargo in Talks With CFPB to Settle Variety of Inquiries

From Bloomberg Law: Wells Fargo & Co., which set aside $2 billion last quarter to deal with legal matters, said...

Wells Fargo Names Fercho Head of Diverse Segments, Representation, Inclusion, says MarketWatch

From MarketWatch: Wells Fargo launched the DSRI function in 2020 to coordinate the bank's diversity, equity and inclusion efforts across...

Take action against AT&T: DirecTV Impersonators Are Scamming Customers, New Lawsuits Say

From Bloomberg Law: AT&T Inc.-owned DirecTV LLC is suing two US companies for allegedly posing as the satellite-TV provider to...

You might also likeRELATED
Recommended to you