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    AT&T plans to cut 12,000 jobs

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    employmentcrossing

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    AT&T plans to cut 12,000 jobs, or 4 percent of its workforce, to compensate for its lost revenue. Job cuts are expected to occur in December and throughout 2009.

    According to the Associated Press, AT&T says the layoffs will be “across the company and across the country.”

    This is the second group of layoffs this year. In April, AT&T cut 4,600 jobs, most of which were in management.

    Its shares fell 2.5 percent to $28.36 on Thursday.