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AT&T to Fire 12,000 Workers


Posted: 05 Dec 2008
TAGS: att
AT&T to Fire 12,000 Workers

Apparently, AT&T has also fallen a victim of the current financial crisis, as it has decided to fire 12,000 of its employees, which constitutes approximately 4% of the company’s total workforce. In order to pay severance to affected employees, AT&T will have to fork out about $600 million. A desperate move, but necessary. However, even in this situation they're still hiring new employees to their wireless, video, and broadband departments.

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