From The Dallas Morning News:
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
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