AT&T: Landline or Gas?
Home phone or gas? ... AT&T, met expectations, Q1 profit +22% on Sales +6%.
AT&T lost 1.6 million primary residential lines in 2007 and added 1.3 million wireless customers last quarter.
With customers dropping home-phone lines to switch to cable providers' voice plans, and signs are building that businesses may cut spending, how did they do it?
They cut the line on their employees...
After the BellSouth purchase, the biggest U.S. phone company cut 10,000 jobs in overlapping functions such as marketing and technology.
The company announced 4,650 additional firings April 18 to reduce the number of middle managers in the home-phone business.
AT&T lost 1.6 million primary residential lines in 2007 and added 1.3 million wireless customers last quarter.
With customers dropping home-phone lines to switch to cable providers' voice plans, and signs are building that businesses may cut spending, how did they do it?
They cut the line on their employees...
After the BellSouth purchase, the biggest U.S. phone company cut 10,000 jobs in overlapping functions such as marketing and technology.
The company announced 4,650 additional firings April 18 to reduce the number of middle managers in the home-phone business.
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