SBC Plans To Cut 10,000 Jobs
by mig 08:11AM Saturday Nov 06 2004
SBC Communications said Friday it plans to cut 10,000 jobs, or about 6 percent, of its workforce by December of 2005.
The layoffs will occur across the board, using attrition and involuntary cuts, Walt Sharp, spokesman for SBC, told CNNfn.
SBC, the nation's second-largest telecom company, said in a filing with U.S. market regulators it has cut about 7,000 jobs over the past year. It currently employs about 165,500 people.