AT&T; to Reduce Layoffs From 30,000 to 18,000
Associated Press
BASKING RIDGE, N.J. —
AT&T; Corp. said Friday it will lay off about 18,000 people, rather than the 30,000 it originally estimated would be required as part of its restructuring plan.
The company announced in January it would eliminate about 40,000 jobs over the next two years as it splits into three companies.
At the time, it said it expected to lay off about 30,000 people as part of that plan. But more people than expected took a buyout offer and many found other jobs within the company.
