When The Checks Stop Coming In: AT&T

Posted by Bossip Staff

AT&T announced they are cutting 12,000 jobs today:

AT&T said Thursday it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.

AT&T, the Dallas-based telecommunications company, said its job cuts will take place in December and throughout 2009. The company also cited a changing business mix and a more streamlined structure as other reasons for the layoffs.

AT&T plans to take a charge of about $600 million in the fourth quarter to pay for severance costs

SMH. Jesus Take The Wheel. You know crime is about to start picking up. That nicca Bush, Wallstreet, and The Republicans need to be put on trial for this sh*t.

Hit up the Bossip Forum economy section to discuss the recession, how to find employment, or keep your job.

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