Light Reading. In particular, Stankey said the company would cut costs by making management structures and distribution strategy more effective.The management structure initiatives will likely entail cutting and streamlining internal divisions, including those that may be redundant following AT&T's $85.4 billion of Time Warner in 2018.
These moves will contribute to AT&T's ongoing three-year plan to reduce what has become unwieldy debt following the Time Warner acquisition. In early 2019, AT&T held over $160 billion in
'Cut costs'=firing a lot of people.
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