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AT&T, Verizon cutting thousands of jobs, reports say

Communications giants AT&T and Verizon have cut thousands of jobs over the past four years with many layoffs coming at AT&T in in recent months, according to new reports.

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

“It signifies the most aggressive round of layoffs at AT&T since it completed its questionable $85 billion takeover of Time Warner more than two years ago,” LightReading reports.

The Dallas Business Journal reported similar numbers.

“The Dallas telecommunications and media company shrunk the number of employees by 8,720 in the third quarter to less than 235,000, according to information on its investor relations website. The cuts represented a reduction of about 3.6 percent of the company total workforce,” the newspaper reported.

Overall, AT&T amd Time Warner (now WarnerMedia) have reduced headcount by nearly 50,000 since 2015 and their merger two years ago.

“Together, the two separate companies employed some 281,450 people in 2015, according to a database of employment statistics maintained by Light Reading. Including what is today branded WarnerMedia, AT&T now employs 234,630,” LightReading’s IaIn Morris reports.

But AT&T is not alone.

“Big rival Verizon has been on a similarly drastic diet, cutting nearly 43,000 jobs since 2015 … according to Light Reading’s data,” Morris adds.

Other communications providers also are cutting jobs, Morris notes. Read more via WRalTechWire

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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