AT&T, Verizon cut thousands of jobs, report says

Research Trike Park – According to new reports, AT&T and Verizon have cut thousands of jobs over the past four years, with several layoffs at AT&T in recent months.

Tech news site Light Reading reports that AT&T cut “around 9,000 jobs” between June and September as part of a plan to cut about $ 6 billion.

“This signals the most aggressive round of layoffs at AT&T since the completion of its dubious $ 85 billion acquisition of Time Warner two years ago,” Lightreading reports.

The Dallas Business Journal reported similar numbers.

Dallas Telecom and Media Company reduced its workforce from 8,720 to less than 235,000 in the third quarter, according to information from its investor relations website. The newspaper reported that the cuts reduced the company’s total workforce by about 3.6 percent.

Overall, AT&T MW Time Warner (now WarnerMedia) has reduced their mergers since 2015 to about 50,000 and two years ago.

In 2015, two different companies employed approximately 281,450 people, according to a database of employment data created by Light Reading. The branded WarnerMedia today includes AT&T, which now employs 234,630.

But AT&T is not alone.

Morris states, “Big rival Verizon has been cutting about 43,000 jobs since 2015.

Other communications providers are also cutting jobs, notes Morris.

Read the full light reading report online.

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