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AT&T cuts 12,000 jobs, takes charge, but all in all doing pretty well

AOL News found this 12/4/2008 on bloggingstocks.com

Telecommunications giant AT&T will cut 12,000 jobs to reduce expenses amid slowing business conditions, due to the U.S. recession, the company announced Thursday . The cuts amount to a 4% workforce reduction, and the company also said it will take a company-record $600 million charge in Q4 ...