More Job Cuts for AT&T Wireless - TheStreet

More Job Cuts for AT&T Wireless

A report says the company will reduce its workforce by 3% this year.
Publish date:

AT&T Wireless


will cut about 1,000 jobs this year, or 3% of the company's total workforce, according to a published report Wednesday. The reduction follows a decline of about 2,000 employees last year.

A report in

The Wall Street Journal

said the job cuts have occurred in stages. About 200 workers had their last day at the company on Monday and 300 more are scheduled to be laid off this month, the report said.

The report quoted an AT&T Wireless spokesman who said the job cuts are part of efforts to consolidate company operations in Redmond, Wash., New York City and New Jersey. The job cuts will be offset to some degree by new workers, the report said.

Additionally, the report said the company is considering moving 1,000 to 2,000 information-technology jobs overseas.

Shares of AT&T Wireless closed Tuesday at $8.51 on the

New York Stock Exchange