AT&T to Cut Workforce

AT&T has announced it will layoff about 1.5 percent of its employees, primarily among management, in an attempt to “streamline” its operations.

This initiative, according to the company, is part of the company’s move from a collection of regional companies to “one AT&T focused on customers.”

The vast majority of employees will not be impacted, and headcount overall is expected to remain stable in 2008 as the company hires additional employees to support growth areas.

AT&T will reflect a charge of $374 million in the first quarter of 2008 associated wit these force reductions.

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