AT&T on Tuesday said it plans on cutting thousands of jobs, affecting managers, executives, technicians, retail workers, and clerical staff.
The company is also going to shutter 250 AT&T and Cricket Wireless stores. In a statement to Axios, AT&T confirmed that thousands of jobs will be cut, but would not give an exact number, only saying there will be "targeted, but sizable reductions in our workforce."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'From his election as pope in 2013, Francis sought to reform'Instant Opinion Opinion, comment and editorials of the day
-
Israel blames 'failures' for killing of medicsspeed read 14 Gaza medics and 1 U.N. employee were killed by IDF special forces
-
Hegseth reportedly shared war plans in 2nd group textSpeed Read The defense secretary sent information about an attack in Yemen to a Signal group chat that included his wife and brother
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Discount stores were thriving. How did they stumble?The Explainer Blame Walmart — and inflation
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Could a private equity deal be the end of Walgreens?Today's Big Question The pharmacy chain will be taken private in a $10 billion deal
-
Eggs too pricey? Rent a chicken.Under the Radar The cost of eggs increased more than 15% in January
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Will Trump's tariffs hurt Walmart?Today's Big Question The world's biggest retailer 'isn't immune' to trade impacts
-
Store closings could accelerate throughout 2025Under the Radar Major brands like Macy's and Walgreens are continuing to shutter stores
