AT&T slashes 12,000 jobs, shifts to wireless

AT&T today announced one of the larger job cuts in the midst of the US recession and said it would drop 12,000 employees, or about 4 percent of its total worker base. The effort is attributed both to the poor economy as well as to a “changing business mix” that has left its traditional landline service in decline. Much of that business is shifting towards cellphones and other wireless services, …

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