AT&T Shifts Headcount to Unemployment Office

AT&T (T) is “shifting headcount to areas where the customers are”–literally. This morning, the telecom sacked about 4,650 employees, trimming its work force by about 1.5%.

The cuts were made across the company and, according to AT&T spokesman Walt Sharp, are not an indication of weakness in the business. Said Sharp: “This is part of our ongoing evaluations to streamline the business. It’s about having the right people in the right job. … We’re shifting headcount to areas where the customers are.“