AT&T announced layoffs affecting 4,800 employees, reducing its workforce below 100,000 for the first time since its inception. The company attributed the move to efficiency measures and a challenging economic environment.
. This will lead to a pre-tax write-off in the neighborhood of $1.9 billion that the carrier will take during the current third quarter. With the layoffs,will be bringing its headcount under 100,000 for the first time since the company was created on June 30, 2000, via the merger of GTE and Bell Atlantic., the company is also handing out pink slips at a breathtaking pace. Together, approximately 475,000 people worked for both AT&T and.
Just before closing its acquisition of Time Warner, at the beginning of 2018, 252,000 people were getting paid by AT&T. That figure declined to 146,000 by the end of last June for a 42% decline. During the same time period,saw its headcount decline by one-third to 103,900 which is why the 4,800 being laid off will take the carrier under 100,000 employees.
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