AT&T Announces Thousands of Layoffs, Firings Just In Time for Christmas =============================================
AT&T will layoff and fire more than a thousand workers starting early next year, according to local reports.
Across the Midwest, an estimated 600 workers were notified they were being laid off by the company on December 16, a week before the company announced it was doling out $1,000 bonuses to 200,000 of its employees in celebration of the Republican Party's tax overhaul.
The telecommunications giant told the Chicago Tribune in a statement that the layoffs were part of its “workforce adjustment" strategy for its declining legacy services.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.