[1st-mile-nm] Fwd: 10.2.8
Marianne Granoff
granoff at zianet.com
Thu Oct 2 17:32:49 PDT 2008
From another list. FYI.
>Massive AT&T Reorganization, Possible Layoffs? -
>Nation's biggest ISP responds to markets, cable competition
, dslreports
>AT&T this week announced they're feeling the
>strain of the credit crunch, with Chairman and
>CEO Randall Stephenson saying the company was
>unable to sell any commercial paper (short term
>IOU notes) last week for terms longer than
>overnight. The company this week also announced
>that they've undergone a major reorganization in
>order to respond more quickly to cable
>competition. Managers tell GigaOM privately that
>they're expecting layoffs between 5% and 20%
>before long, thanks to declining landline
>
>http://www.dslreports.com/shownews/Massive-ATT-Reorganization-Possible-Layoffs-98143
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