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AT&T is laying off thousands of workers and shutting down at least 250 stores - Business Insider

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AT&T is laying off thousands of workers and shutting down at least 250 stores

AT&T is cutting 3,400 jobs and shutting down more than 250 stores, a union representing the company's workers said on Tuesday.

AT&T says the job cuts are part of the company's effort to focus on growth areas and address lower customer demand for some legacy products. The layoffs come amid a period of change for AT&T and the wireless industry overall. AT&T announced in April that Randall Stephensonto be replaced by John Stankey, the company's president and chief operating officer, who takes over starting July 1. Stephenson will still serve as executive chairman of the board of directors until January 2021.

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Saw this coming months ago. Dropped ATT in early March BEFORE Covid_19. Their customer service is horrible. I was a customer for 20+ years. Treated me like they don’t care. Sorry for the employees. CustomerService

Yikes! I predict a merger is in the works. Anytime you see store shutdowns paired with layoffs, you can expect a major company is looking to merge or takeover. Our eyes are on AT&T! 📱

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