AT&T Inc. plans to cut up to 10,000 jobs, mostly through attrition, if its $67 billion purchase of BellSouth Corp. goes through, AT&T's chief financial officer said Monday.
The work force reduction would take place over three years, AT&T's Rick Lindner said on a conference call. The acquisition is expected to close next year.
Before the cuts, the combined company would have around 317,000 employees, including Cingular Wireless LLC, which is now a joint AT&T-BellSouth venture.
Well that is just heart warming news from the AP. Of course the company will probably create 15,000 jobs in India when all is said and done.