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International Business Times UK
International Business Times UK
J. Alas

Is AT&T In Financial Trouble? Here's Why The Telecoms Company Is Telling Its Managers To 'Move On'

AT&T is cutting costs by £2.4 billion, forcing managers to relocate to six offices or face losing their jobs.

AT&T is pushing ahead with sweeping structural changes that could see hundreds of managers lose their jobs unless they agree to move across the country, as part of a broader effort to slash costs by around £2.4 billion (approximately $3 billion).

The telecoms giant is consolidating 22 internal help-desk sites into just six across the United States. Affected managers have two weeks to either accept the relocation or exit the company with severance. The decision follows a blunt memo from CEO John Stankey and an internal survey showing falling employee engagement.

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