AT&T to cut jobs in weaker business units By Reuters

By Sheila Dang

(Reuters) – AT&T Inc (NYSE:) is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday.

The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many positions would be cut.

AT&T is the second-largest U.S. wireless carrier by subscribers. Last year it agreed to buy Time Warner for $85 billion, and it said in June it plans to achieve annualized cost savings of $1.5 billion over three years.

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