AT&T Layoffs: The Tip of a Telecom Downturn

Cutbacks in consumer spending will force telecoms to trim staff and spendinglikely spreading the pain to equipment makers as well

A move by AT&T to eliminate 4% of its workforce may only be the beginning of a torrent of staff reductions and spending cutbacks in the $1 trillion telecom industry.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.