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computers / comp.dcom.telecom / AT&T and Verizon cut 9,400 jobs last quarter [telecom]

AT&T and Verizon cut 9,400 jobs last quarter [telecom]

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From: malQRMas...@gmail.com (Bill Horne)
Newsgroups: comp.dcom.telecom
Subject: AT&T and Verizon cut 9,400 jobs last quarter [telecom]
Date: Thu, 26 Jan 2023 12:02:07 -0500
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by: Bill Horne - Thu, 26 Jan 2023 17:02 UTC

News Analysis Iain Morris, International Editor

Employees had only just made it back through the revolving doors of
the post-pandemic office facility before they were sent spinning
outside once again, this time clutching the standard-issue cardboard
boxes for those laid off. After adding thousands of employees in the
last few years, Big Tech has spotted a downturn and begun hacking into
its workforce to preserve margins and keep investors smiling. Yet Big
Telecom has been at job cuts for much longer.

Just look at AT&T and Verizon. Back in 2015, when pandemics were
confined to sci-fi movies and history, the US operators were able to
count 459,150 people across their combined operations at the end of
the year. By the end of 2021, 138,150 net roles had vanished. The sale
of data centers and media assets removed thousands of jobs from the
books, with others sacrificed in the relentless pursuit of efficiency.

https://www.lightreading.com/aiautomation/atandt-and-verizon-cut-9400-jobs-last-quarter/d/d-id/782876

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Subject	Author
AT&T and Verizon cut 9,400 jobs last quarter [telecom]	Bill Horne