AT&T Is Cutting Thousands of Jobs and It’s Just the Beginning
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AT&T Inc. is notifying thousands of employees that their jobs are being eliminated as part of a $6 billion cost-cutting push, an attempt to slim down one of the most heavily indebted companies in the U.S.
The cuts follow through on a plan that Chief Executive Officer Randall Stephenson outlined in October when he said the company would remove “big chunks of costs” over two years.