Ho Ho Holiday Layoffs

December 5, 2008

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Nothing says “Merry Christmas” like a pink slip. Yesterday, workers heard that Telecom Industry behemoth, AT&T, would layoff 4% of its workforce (12,000 people). Shudders of fear rushed down the spines of already skittish communications workers across the country.

We have been watching CNET’s Tech Layoff Scorecard with perverse curiosity since it was first posted in late October. When we noticed the huge addition of AT&T, we couldn’t help but post this link again. The telecom industry is moving into a new phase in this recession; it will be most interesting and terrifying to watch what happens through the beginning of the new year as everyone adjusts to decreased orders, increased bad debt, and a need to cut costs.

Written by Todd · Filed Under Business, Telecom