AT&T Lowers the Boom, Cutting 12,000 Jobs

By Marcus Gilmer in News on Dec 4, 2008 6:05PM

AT&T has announced plans to cut four percent of its work force, some 12,000 jobs, and while the company is only saying the cuts will come from offices nation-wide, many who work for AT&T in Chicago are holding their breath. Most of the cuts will come from the company's landline division; the company's voice line services decreased by 11 percent last quarter while wireless services increased. Severance packages will cost the company around $600 million and the layoffs will begin this month and continue into 2009.